A Delaware court has mandated Elon Musk to relinquish a Tesla compensation package potentially exceeding $55 billion, following a shareholder lawsuit alleging breaches of duties by CEO Musk and the company's directors. The court determined that the pay package, approved by Tesla's board, resulted from flawed negotiations and the misallocation of corporate assets, leading to unjust enrichment for Musk. Concurrently, reports indicate Musk's acquisition of land in Bastrop, Texas, where he plans to establish a village near Tesla, SpaceX, and Boring Company facilities. Musk's relocation to Texas is attributed to a desire to escape California's high-regulation policies. For further details, watch the video.
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