The ruling by the judge follows her January decision that called the pay package excessive and rescinded it, surprising investors.

Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted.The package, worth about $56 billion,

Elon Musk’s massive 2018 pay package from Tesla — which was worth $56 billion and helped catapult him to the title of richest man in the world — must be rescinded, a Delaware judge reaffirmed Monday.