Legal Team Seeks $5-6 Billion in Tesla Stocks from Elon Musk Compensation Case

The lawyers who successfully challenged Elon Musk and Tesla's CEO compensation plan are seeking over $5 billion in Tesla stocks as their compensation. The court found that Tesla's board misrepresented Musk's compensation package and invalidated the vote on the plan. The lawyers argue that their requested fee is justified as it is linked to the benefit created and won't impact Tesla's balance sheet. Elon Musk criticized the lawyers' demand, calling it "criminal." While the lawyers' request is seen as excessive, it highlights the governance issues at Tesla, and the court's decision could lead to positive outcomes such as addressing governance issues and a re-vote on the compensation plan.