Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
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Tesla shares dipped 1.3% in extended trading Monday after a Delaware court ruled against Elon Musk’s $56 billion pay package, deeming it excessive and void. The company announced plans to appeal while analysts predict a shift in board strategy.
Court Blocks Musk's $56 Billion Pay Package, Tesla Stock Falls
In extended trading on Monday, Tesla Inc. shares fell following Elon Musk's historic salary package being deemed illegal by a Delaware court, Investing.com reports
Despite a shareholder vote to reinstate the CEO's $56 billion compensation plan, the court determined that he is not entitled to it.
Because it was so much higher than similar corporate compensation requirements, the 2018 pay plan was found excessive according to the court. Musk would have received a substantial number of stock options as part of the package, which was linked to lofty company performance targets.
Tesla Shares Drop as Company Plans to Appeal
In the aftermath of the decision, shares dropped 1.3% to $352.36 in after-hours trading. Bloomberg noted that Tesla has announced its intention to appeal the ruling.
The decision by Delaware Court of Chancery Chancellor Kathaleen McCormick reaffirms her January verdict that found Musk's $56 billion compensation plan excessive and canceled it.
Analysts Predict Revised Compensation Plan for Musk
In order to bring Musk's objectives in line with shareholder priorities, analysts believe the Tesla board may propose a new compensation plan.
In the midst of regulatory headaches, the firm has been fighting off rising local competition and falling demand. The electric vehicle (EV) industry has had its profit margins eroded over the last two years due to the price war that Tesla started.
Musk's Political Influence Could Benefit Tesla
Nevertheless, due to Musk's relationship with President-elect Trump, Tesla is anticipated to gain from his growing influence in Washington. According to analysts, the company's full self-driving and robotaxi ambitions should be able to navigate smoother regulatory channels.
