Elon Musk

Dec. 26 (UPI) — A federal judge has blocked the deportation of a British man targeted by President Donald Trump.

Imran Ahmed, founder and CEO of the Center for Countering Digital Hate, was one of five people placed on a visa ban after the government accused him of censorship.

Ahmed filed suit against Secretary of State Marco Rubio and Attorney General Pam Bondi to prevent “the imminent prospect of unconstitutional arrest.”

The suit said the case comes from “the federal government’s latest attempt to abuse the immigration system to punish and punitively detain noncitizens for protected speech and silence viewpoints with which it disagrees.”

Ahmed is a legal permanent resident of the United States, where he lives with his American wife and child. He praised the judge’s decision.

“I will not be bullied away from my life’s work of fighting to keep children safe from social media’s harm and stopping antisemitism online,” Ahmed said.

The speed of the judge’s decision was telling, said his lawyer Roberta Kaplan.

“The federal government can’t deport a green card holder like Imran Ahmed, with a wife and young child who are American, simply because it doesn’t like what he has to say,” the BBC reported she said.

Rubio said in a statement Tuesday that the five had “led organized efforts to coerce American platforms to censor, demonetize and suppress” the views of Americans with whom they disagreed.

“These radical activists and weaponized NGOs have advanced censorship crackdowns by foreign states — in each case targeting American speakers and American companies,” Rubio said. He described the five as “agents of the global censorship-industrial complex.”

The others included in the ban are former European Union technology commissioner Thierry Breton; Anna-Lena von Hodenberg and Josephine Ballon of Berlin-based non-profit HateAid; Clare Melford, co-founder of Global Disinformation Index.

Ahmed told The Guardian that it was another attempt to deflect accountability and transparency.

“This has never been about politics,” he said. “What it has been about is companies that simply do not want to be held accountable and, because of the influence of big money in Washington, are corrupting the system and trying to bend it to their will, and their will is to be unable to be held accountable. There is no other industry that acts with such arrogance, indifference and a lack of humility and sociopathic greed at the expense of people.”

Ahmed said he had not formally received any notification from the government.

“I’m very confident that our first amendment rights will be upheld by the court,” he told The Guardian.

He is expected to be in court Monday, when the protective order will be confirmed.

In 2023, Elon Musk‘s company X sued the CCDH after it reported on a rise in hate speech on the platform since Musk’s takeover. The case was dismissed but X appealed the decision.

The Delaware Supreme Court rules in favour of Musk and his $56bn compensation package.

Elon Musk’s 2018 pay package from Tesla, once worth $56bn, has been restored by the Delaware Supreme Court, in the United States, two years after a lower court struck down the compensation deal as “unfathomable”.

Friday’s ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation.

The pay package was by far the largest ever, until Tesla shareholders approved a new, even larger pay plan of nearly $1 trillion in November.

The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world’s most valuable companies.

The 2018 pay deal provided Musk options to acquire about 304 million Tesla shares at a deeply discounted price if the company hit various milestones, which it did.

Tesla estimated in 2018 that the plan was potentially worth $56bn, although given the rise in the stock price, the value ballooned to about $120bn by early November. The options represent approximately 9 percent of Tesla’s outstanding stock.

Musk never collected his stock options because, soon after shareholders approved the 2018 compensation, the board was sued by Richard Tornetta, an investor with just nine Tesla shares.

In 2024, after a five-day trial, Delaware Judge Kathaleen McCormick concluded that Tesla’s directors were conflicted and key facts were hidden from shareholders when they voted to approve the plan. She ordered that the 2018 plan be rescinded.

Musk accused Delaware judges of being activists, hostile to tech founders, and he urged businesses to follow Tesla and reincorporate elsewhere.

Dropbox, Roblox, The Trade Desk and Coinbase were among the handful of large companies that moved their legal homes to Nevada or Texas. However, Delaware remains by far the most popular legal home for US public companies.

Tesla’s board has warned that Musk, the world’s richest person who also leads the SpaceX rocket venture and the artificial intelligence startup xAI, could leave the electric car company if he does not get the pay he wants and an increase in his voting power.

In November, shareholders approved a new pay package that could be worth $878bn if Tesla meets targets for self-driving vehicles, a robotaxi network and sales of humanoid robots.

Tesla has taken steps to reduce the risk that a shareholder could tie up the 2025 package in the courts.

The Austin-based company is now incorporated in Texas, which allows Tesla to require that any investor or group of investors must own 3 percent of the company stock before suing for an alleged corporate law violation. A stake of that size would be worth about $30bn, and Musk is the only individual with that much stock.

Dec. 16 (UPI) — Tesla shares closed at a record-high $489.88 on Tuesday, days after CEO Elon Musk announced the company had been testing driverless vehicles in Texas.

Shares rose 3.1% for the day and were up 21% for the year, CNBC reported. This came after Tesla’s worst quarter since 2022 when it dropped 36% in the first quarter of this year.

Techstock² reported that in addition to the roboatxi announcement, Tesla saw a boost on the stock market in response to a fresh round of filings with the Securities Exchange Commission.

The filings showed that WT Wealth Management increased its Tesla stake by 178.7%, Carter Financial Group opened a new Tesla position, Orion Portfolion solutions increased its holdings of Tesla by 14.8%, National Wealth Management Group increased its stake by 26.3% and Momentum Wealth Planning purchased a new stake of 9,802 shares worth about $3.11 million.

Tesla also invested $1.2 billion in a battery cell plant in Berlin.

With Tuesday’s bounce, Tesla’s market cap reached $1.63 trillion, making it the seventh-most valuable company in trading behind Nvidia, Apple, Alphabet, Microsoft, Amazon and Meta, CNBC reported.

Tesla’s board of directors has earned more than $3 billion through stock awards since 2004, an amount that dwarfs compensation at other major U.S. technology firms. CEO Elon Musk’s brother Kimbal has earned nearly $1 billion, while director Ira Ehrenpreis collected $869 million and board chair Robyn Denholm $650 million. Most of these windfalls came from stock options that appreciated dramatically as Tesla’s share price soared.

Why It Matters
The outsized compensation raises questions about corporate governance and board independence. Experts argue that such high pay could compromise directors’ ability to objectively oversee Tesla and Musk, as a large portion of their wealth is tied to stock performance rather than cash. Critics also note that Tesla is one of the few major firms where directors are paid predominantly in options rather than shares, magnifying upside potential with limited downside risk.

Stock Option Controversy
Tesla directors have received compensation primarily through stock options, rather than shares. This practice allows them to profit if Tesla’s stock rises without incurring losses if it falls, unlike restricted stock which better aligns interests with shareholders. Between 2018 and 2024, Tesla directors averaged $1.7 million annually despite suspending pay for four years, more than double the average of Meta directors, the next highest-paid among the “Magnificent Seven” tech companies.

Legal and Governance Issues
Tesla’s board suspended new stock grants in 2021 following a shareholder lawsuit alleging excessive pay. The board has also faced scrutiny in a Delaware court over Musk’s 2018 compensation package, with the judge ruling that excessive pay and personal ties compromised CEO-pay negotiations. The board proposed a new pay package for Musk in 2024 potentially worth $1 trillion in Tesla stock over the next decade.

Stakeholders include Tesla’s board members, CEO Elon Musk, shareholders, corporate-governance experts, and the wider investment community. Oversight and accountability are central concerns, as compensation structures can influence board decisions and shareholder trust.

Comparison With Tech Peers
Other major tech firms like Alphabet, Meta, Apple, Microsoft, Amazon, and Nvidia (“Magnificent Seven”) have also seen stock-based wealth increases for directors, but none have granted awards as concentrated or directly tied to board service as Tesla. Lifetime earnings for Tesla directors far exceed peers when factoring in appreciated stock value.

What’s Next
Governance experts suggest reforms such as paying directors in restricted stock rather than options, and greater shareholder oversight of compensation plans. Tesla’s board must navigate the delicate balance of incentivising directors while maintaining independence in overseeing Musk and the company. Legal proceedings and shareholder scrutiny over Musk’s latest pay package are ongoing and may influence future board compensation practices.

Additional Considerations
The analysis raises broader questions about tech-sector governance, the risks of incentive structures tied to stock performance, and the potential misalignment between directors’ personal wealth and long-term shareholder interests. Tesla’s board, given its outsized compensation, will remain a focus for regulators and investors alike.

With information from an exclusive Reuters report.