The Delaware Supreme Court upheld Elon Musk’s 2018 pay package, boosting Tesla shares by 2%. Shareholders previously supported the package, which is crucial for keeping Musk as CEO and increasing his Tesla ownership. Morningstar maintains a $300 fair value estimate for Tesla, despite the stock being overvalued by more than 60%. Musk’s key-person risk is low until 2025, with optimism surrounding Tesla’s autonomous driving software.

Read more at Morningstar: Tesla: Delaware Supreme Court Reinstates CEO Musk’s 2018 Pay Package