Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway the judge in the Delaware business court after the trial to reverse her opinion rescinding the CEO’s pay plan. Excluding all of the options wrapped up in the pay package, Musk is more than $43 billion richer since Donald Trump’s election victory last month. The Tesla stock Musk still holds is worth close to $150 billion based on Monday’s closing price.

---

Persons: Elon Musk, Tesla, ”, Chancellor Kathaleen McCormick, Chancellor McCormick’s, Bernstein, Litowitz, Berger, Grossmann, Musk, Judge McCormick, “, Donald Trump’s Organizations: EV, Delaware Supreme, Tesla, SpaceX Locations: Delaware, Austin , Texas, Texas