Elon Musk’s 96bn payday blocked again [Video]

Elon Musk has vowed to continue his fight for a record-breaking pay cheque from Tesla that has spiralled to €96bn but has again been blocked by a judge, writes Calum Muirhead.

In a ruling that infuriated the billionaire chief executive of the electric car giant, a Delaware court rejected the pay deal for a second time – despite shareholders approving it.

Judge Kathaleen McCormick’s decision, which upheld a similar ruling from January, sparked a furious outburst from Musk, the world’s richest man with a fortune of €336bn.

“Shareholders should control company votes, not judges,” he wrote on the social media site X, which he owns.

“Absolute corruption,” he said in a separate post.

Tesla said it would appeal the ruling, with a spokesman adding: “This ruling, if not over-turned, means that judges and plaintiffs’ lawyers run Delaware companies rather than their rightful owners – the shareholders.”

The mammoth pay deal was …