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Tesla shares slide after judge voids Elon Musk's $56 billion compensation

- A Delaware judge voided Elon Musk's $56 billion compensation package at Tesla. - Tesla's share price slid about 3% in after-hours trading Tuesday following news of the decision.

A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board of directors "failed that the compensation plan was fair." "The plaintiff is entitled to rescission," Delaware Chancery Court Judge Kathaleen McCormick wrote in her ruling agreeing that Musk's pay package was inappropriately set by Tesla's board. "The parties are to confer on a form of final order implementing this decision and submit a joint letter identifying all issues, including fees that need to be addressed to bring this matter to a conclusion at the trial level," McCormick said.

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