Tesla Directors Return $735M to Company Following Excessive Compensation Lawsuit

  • Tesla Inc directors will give back $735 million to resolve accusations of overpayment, in one of the biggest shareholder settlements.
  • The lawsuit was initiated by a retirement fund in 2020, disputing stock options given to Tesla directors since 2017.
  • Though this settlement does not affect Elon Musk’s $56 billion compensation package, the directors agreed to accept no compensation for 2021 through 2023.
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