Tesla (TSLA) has vowed to continue its fight to restore Elon Musk’s historic pay package, but failure could create more than $100B in tax and accounting charges for the company and its CEO, Stephen Morris of The Financial Times reports. Delaware judge Kathaleen McCormick denied the company’s second attempt to give Musk the largest package of stock options in history, finding the shareholders’ overwhelming vote to reapprove the grant did not override her previous rejection. McCormick’s stance has left the board with a dilemma: pursue a length appeal or award its CEO with a new options package.
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