Tesla Trial: Elon Musk Defends His $55 Billion Pay Deal

Elon Musk is testifying in a Delaware court regarding a lawsuit over his 2018 Tesla compensation plan, valued at $55 billion. A Tesla shareholder claims the board was not independent and Musk influenced the decision. The compensation plan, tied to performance targets, is the largest in history. Shareholders argue Musk's multiple roles affect his focus on Tesla. Musk defends his position, stating most of his time is spent at Tesla, despite recent focus on Twitter.

What is the main reason for the lawsuit against Elon Musk's 2018 compensation plan?

• The board acted independently.

• Musk's compensation was too low.

• Musk had undue influence over the board.

• The compensation plan was not approved by shareholders.

How is Elon Musk's 2018 compensation plan structured?

• It is a stock buyback program.

• It is a one-time cash bonus.

• It is based on 12 tranches tied to performance targets.

• It is a fixed salary with no performance targets.

What do Tesla shareholders want the court to do regarding Musk's compensation?

• Give the outstanding options back to the company.

• Approve a new compensation plan.

• Increase the number of stock options.

• Reduce Musk's involvement in other companies.

According to Musk, where does he spend the majority of his time?

• At Boring Company

• At Tesla

• At Neuralink

• At SpaceX

What ethical concern is raised by shareholders regarding the board's decision on Musk's compensation?

• The board did not consult Musk.

• The board was influenced by Musk.

• The board acted too quickly.

• The board was too independent.