Tag: Tesla

Musk’s Tesla pay package under scrutiny in Delaware court

WILMINGTON, Del. (AP) — Attorneys for a Tesla shareholder are urging a Delaware judge to invalidate a 2018 compensation package awarded to CEO Elon Musk that is potentially worth more than $55 billion. The plaintiff's lawyers argued Tuesday that the compensation package should be voided because it was dictated by Musk and subject to sham negotiations with directors who were not independent of him. Defense attorneys countered that the pay […]

02/22/2023 24

Events

Musk response to Twitter lawsuit to be made public by Friday

DOVER, Del. (AP) — A Delaware judge has ruled that Elon Musk's answer to Twitter's lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest. Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court on Wednesday. But Twitter attorneys complained that they needed more […]

08/04/2022 31