Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Service Sector Sustains Growth Momentum in November 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
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.
