Slate Money: Why Musk Lost $56 Billion

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss why a Delaware judge blocked Tesla’s $55 billion compensation package for Elon Musk and what it means for his Mars dreams. Also: the meteoric rise and catastrophic fall of DNA testing service 23andMe, and Felix gives us a glimpse into the world of Sotheby’s and mega-high-end art auctions. In the Plus segment: News platform The Messenger had $50 million to spend. Why did it fold in less than a year? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices