Tesla, shareholder clash over $7-billion legal fee request in Musk pay case
By
Tom Hals
July 8, 20242:10 PM EDTUpdated a few seconds ago
Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song//File Photo
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WILMINGTON, Delaware, July 8 (Reuters) - Legal teams for Tesla and a shareholder clashed in court on Monday over the value of a lawsuit that successfully challenged CEO Elon Musk’s enormous pay package and a request for the company to pay a record legal fee worth $7 billion.
For more than three hours, two experts offered opposing testimony about the benefit created for Tesla
(TSLA.O), opens new tab by a Delaware judge's January ruling that rescinded Musk’s $56-billion pay package.