Tesla-Aktionäre werden vor Gericht erscheinen, um zu argumentieren, dass eine beispiellose Forderung nach mehr als 7 Milliarden Dollar an Anwaltskosten, die vom Unternehmen bezahlt werden sollen, „absurd“ sei – die neueste Wendung in einem juristischen Showdown um Musks 56 Milliarden Dollar Gehaltspaket.

16 comments

1. Percentage of the settlement – well, if nothing else, they appear to know what they were doing, so you know, you get what you pay for…

2. So, lawyers want $6B in Tesla stock for voiding Musk’s $56B pay…talk about pricey.

3. [deleted]

4. Musk and his billions, never a dull moment. Guess it’s all about cashing in on the Tesla ride. Take the money and run, eh?

5. Screw Tornetta and his lawyers. He lost and doesn’t want to pay his legal fees? Get the fuck out of here, as a Tesla investor myself I could careless about the guy who sued Tesla and Musk, won, and now lost due to our decision. He knew the risks.

6. shareholders were willing to suck elon 🍆 until the tipping screen popped up

7. 56 billion dollar CEO pay package = not outlandish

   1/8th that as legal fees = we are marching to Capitol Hill

   56 billion dollars. If they gave Elon Musk 1 million dollars in a briefcase every day they’d be throwing briefcases on his grave until the year 2177

8. lets short tesla

9. Someone explain to me what the ruling said.

   From what I understood, the judge basically said that Musk and the board were too close for this to be a fair package. And maybe they made some procedural errors.

   If it was procedural errors, then they simply fix it and do it again.

   If its that Musk and the board are too tight, the shareholders have basically voted twice now in favour of the package with all info being public. Its not some secret backroom deal. So I don’t see how the judge can deny it again.

   The only other option is that the judge thinks the package is too high on principle irrespective of what the shareholders and others think.

10. Makes you wonder how many new models would be in development with $62 billion in R+D funds available . Tesla would be dominating the Chinese market.

11. This fee is a % of the disputed sum. Now shareholders who object it hired lawyers to object this fee – probably with a retainer as % of the disputed sum. So, if they win and fee will be rejected, these lawyers will get their fee….

12. It is outlandish, the court didn’t award the plaintiff $56 billion from which Tornetta’s lawyers can claim a share. The judge effectively told the company to go back to the drawing board and fix the issues with Musk’s pay package. They did, and ended up giving him effectively the same thing. So the total “benefit conveyed to Tesla” is 0. What’s 11% of 0?

13. They should get nothing as the package was voted on again and approved.

14. In addition to himself, Elmo is making a lot of Attorneys very rich. Shareholders, not so much. Please don’t try make BS claims of timing the market perfectly multiple times either. Even if it were true that is still just gambling, not investing.

15. This is what this lawsuit was all about. They did 7 billions dollar worth of lawyering in one year.

16. Tesla sold their soul to the grifter. It won’t be cheap