• Elon Musk criticized a Delaware judge’s recent rejection of his mega pay package.

• Tesla’s CEO called the verdict “completely crazy” and “absolute corruption.”

• Supporters of Musk and Tesla criticized the ruling in posts on social media.

Elon Musk criticized a Delaware judge’s recent rejection of his mega pay package.

In posts on his social media platform Musk also described her as “an activist posing as a judge.”

The compensation plan was launched in 2018 and was worth $56 billion when McCormick canceled it in January.

A rise in Tesla shares in recent weeks means the package would now be worth about $100 billion. Shares fell in premarket trading but have risen 47% in the past month, valuing the electric vehicle maker at about $1.1 trillion.

The judge initially ruled that Tesla had given few reasons for its decision on the package and that Musk had had undue influence on the board. In June, Tesla put the compensation plan to shareholders for a vote, and investors approved it.

However, McCormick confirmed her earlier finding on Monday. “The large and talented group of defense contractors got creative with the ratification argument, but their unprecedented theories contradict multiple strands of existing law,” she wrote.

In a post on X, Tesla said it would appeal the ruling.

After the verdict was announced, Musk and Tesla supporters took to social media.

Cathie Wood, founder and CEO of ARK Invest and long-time Tesla investor, said on X: “Judge McCormick is an activist judge at his worst. No judge has the right to determine CEO compensation. Shareholders voted twice, each time overwhelmingly, to ratify.” @elonmuskThe 2018 performance-based compensation package. She will lose this battle in the Supreme Court.”

Paul Graham, co-founder of Y Combinator, wrote down

In another post, he wrote: “Tonight the CEO of a publicly traded company told me that all startups should re-incorporate in Nevada. This seems to be the best alternative, and for startups that are still private, it is trivially easy.”

Shaun Maguire, partner at Sequoia Capital, wrote: “I recommend that all future companies incorporate outside of Delaware.”

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