Elon Musk may have helped reelect Donald Trump and won influence in the new administration. But an appointed Delaware judge has dealt his best-known company, Tesla, another rebuke in its attempt to grant Musk more than $50 billion in additional company stock.

When Tesla shareholders have a good day, so does Elon Musk.  On Wednesday, shares of Tesla climbed 5.93 percent to break a record high that had been in place for three years. The same day, Musk became the first individual ever to boast more than a $400 billion net worth on account of a massive sale of insider shares for SpaceX—one of Musk’s other billion-dollar companies.