Elon

Tesla Shareholder Lawyers Seek $6 Billion in Attorney Fees from Elon Musk’s Voided Compensation Package

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Wilmington, Delaware – Lawyers representing a Tesla shareholder have successfully contested Elon Musk’s $56 billion compensation package, arguing that the CEO does not deserve such a substantial reward for his work at the electric vehicle company. The lawyers are now requesting that a portion of the compensation package be allocated to them in attorney fees, which would amount to around 11% of the package, or approximately $6 billion worth of Tesla shares. In a filing submitted to a Delaware court, the attorneys asserted that their litigation work warranted a fee of about 11% of the … Read more

Elon Musk Summoned to Testify as SEC Investigates Multi-Billion Dollar Twitter Move

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Los Angeles, CA – A judge has issued an order for Tesla CEO Elon Musk to appear in court to testify as part of a Securities and Exchange Commission (SEC) investigation into his potential control over Twitter’s operations. The probe centers around Musk’s alleged takeover of the social media platform in early 2022, which reportedly involved a staggering $44 billion. The order signals a significant development in an ongoing legal battle that has drawn widespread attention. The lawsuit, filed by the SEC, seeks to uncover whether Musk violated any securities laws by exerting influence over … Read more