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The Independent UK
The Independent UK
National
Randall Chase

Musk testifies in lawsuit over Tesla compensation package

Copyright 2022 The Associated Press. All rights reserved.

Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion.

Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the board, its compensation committee, or a working group that helped develop it.

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