Elon Musk Slams 'Evil' Lawyers Seeking $6B In Tesla Shares As Compensation: 'The System Is Broken...'
Portfolio Pulse from Anan Ashraf
Elon Musk criticized lawyers demanding $6 billion in Tesla shares as compensation for contesting his $56 billion pay package, calling them 'evil' and the system 'broken'. The lawyers represented a shareholder challenging Musk's 2018 compensation, and their request could make them among Tesla's top 10 shareholders. Musk plans to appeal the decision nullifying his pay and can challenge the fee request.
March 02, 2024 | 6:21 am
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Elon Musk's criticism of lawyers demanding $6 billion in Tesla shares and his intention to appeal the pay package nullification could influence Tesla's stock.
The legal battle over Elon Musk's compensation and the significant demand by lawyers for Tesla shares as payment is a high-profile issue that could attract investor attention and potentially impact Tesla's stock price. However, the outcome of Musk's appeal and the fee request challenge is uncertain, making the short-term impact on Tesla's stock price difficult to predict with high certainty.
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