A Tesla Inc (TSLA.O) director and a former executive took the stand on Monday and defended Elon Musk's $56 billion pay package against a shareholder's claims that the entrepreneur dictated terms of the deal to finance his dream of traveling to Mars.
WILMINGTON, Delaware – A Tesla Inc director and a former executive took the stand on Monday (Nov 14) and defended Elon Musk's US$56 billion (S$77 billion) pay package against a shareholder's claims that the entrepreneur dictated terms of the deal to finance his dream of travelling to Mars. Tesla shareholder Richard Tornetta hopes to prove that Musk used his dominance.
Elon Musk has his hands full now as he finds time to deal with a court case related to how he's paid at Tesla. Experts note Musk is in a favorable position.