"Elon Musk's Lawyers Request $6 Billion in Tesla Shares as Compensation"

1 min read
Source: TESLARATI
"Elon Musk's Lawyers Request $6 Billion in Tesla Shares as Compensation"
Photo: TESLARATI
TL;DR Summary

Elon Musk responds to lawyers requesting 29 million Tesla shares, valued at almost $6 billion, as legal awards in the recent Delaware case regarding his Tesla compensation package, which was rejected by a judge in late January. The lawyers argue for the fee in Tesla stock instead of cash, and Musk criticizes the request as "utterly disgraceful" and "criminal." Following the decision, Musk plans to move the incorporations of his other companies out of Delaware and appeals the ruling.

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