Tesla Directors Forego $735M in Historic Settlement

In a recent turn of events, Tesla Inc’s board members have opted to settle a lawsuit brought forward by shareholders. The suit had contested the directors’ compensation, resulting in them relinquishing the value of 3.1 million stock options, equating to $735 million, back to the company.

This settlement was revealed in a court filing in Delaware this past Monday. The lawsuit, initiated in 2020 by a retirement fund holding Tesla shares, objected to stock options granted to Tesla directors from June 2017 onwards.

Importantly, the settlement leaves untouched the whopping $56-billion compensation package of Tesla’s CEO, Elon Musk, which is under dispute in another, unrelated lawsuit. The judgment for that case is expected imminently.


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Haye Kesteloo
Haye Kesteloo

Haye Kesteloo est rédactrice en chef et fondatrice de EVXL.cooù il couvre toutes les actualités liées aux véhicules électriques, notamment les marques Tesla, Ford, GM, BMW, Nissan et autres. Il remplit un rôle similaire sur le site d'information sur les drones DroneXL.co. Haye peut être contacté à haye @ evxl.co ou à @hayekesteloo.

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