Elon Musk suffered one of the biggest legal losses in US history this week when the Tesla chief executive was stripped of his $56bn pay package in a case brought by an unlikely opponent: a former heavy metal drummer.
Richard Tornetta sued Musk in 2018, when Tornetta, a Pennsylvania resident, held just nine shares of Tesla. The case eventually made its way to trial in late 2022 and on Tuesday a judge sided with Tornetta, voiding the enormous pay deal for being unfair to him and all his fellow Tesla shareholders. Continue reading...
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