Judge Rebuffs Musk; Intel Searches for a Savior

These are heady days for Elon Musk, whose friendship with Donald Trump has accentuated his already immense power in the tech industry. But there’s one quarter where Musk can’t yet get what he wants: the Delaware courts.

Late Monday afternoon, the Delaware judge hearing the long-running fight over Musk’s Tesla pay package reaffirmed her January ruling rescinding the package, which after Tesla’s recent rally is worth a whopping $101 billion. Tesla shareholders had reapproved the package in June, but, as we noted at the time, the judge could still block it—and she has. For more on the original decision, see here.