Tesla, Elon Musk Slam Lawyers Demanding $5.2B For Voiding His 2018 Pay Package: 'They Deserve To Repay Tesla Legals Costs And Get Nothing!'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk criticized lawyers demanding $5.2 billion in company stock for contesting his 2018 pay package, which was rescinded by the court. Tesla's court filing argued the fees were exorbitant and unjustified. Proxy advisory firms have advised shareholders to vote against reinstating Musk's pay package.
June 08, 2024 | 2:40 am
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Tesla is contesting a $5.2 billion legal fee demand from lawyers who successfully challenged Elon Musk's 2018 pay package. The company argues the fees are exorbitant and unjustified. Proxy firms advise shareholders to vote against reinstating Musk's pay package.
The legal dispute and the proxy firms' advice against Musk's pay package could create negative sentiment among investors, potentially leading to a short-term decline in Tesla's stock price.
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