Tesla's Dispute Over Multibillion-Dollar Legal Fees for Voided Musk Pay Package

Friday, 7 June 2024, 16:04

Tesla objects to the substantial $5.6 billion legal fee requested by the legal team responsible for voiding Elon Musk's $56 billion pay package, citing minimal benefit to the company from the lawsuit. In court papers, the electric automaker argues for a significantly reduced payment of around $13.6 million for the legal team's efforts, dating back to a 2018 complaint.
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Tesla's Dispute Over Multibillion-Dollar Legal Fees for Voided Musk Pay Package

Tesla objects to $5.6 billion legal payout

The legal team that voided Elon Musk's record Tesla pay package deserves minimal compensation, as argued by Tesla. The electric automaker contests the requested fee due to the lawsuit's limited benefit for the company. Tesla aims for a significantly lower payment of around $13.6 million. The ongoing dispute revolves around the legal team's role in an issue dating back to 2018.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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