Wednesday, 19 July, 2023
Tesla Directors Settle Claims of Overpayment with $735M Payment
Directors at Tesla have agreed to a settlement, paying $735 million to resolve claims of overpayment. The settlement comes after shareholders filed a lawsuit alleging excessive compensation for the directors. The payment serves to resolve the legal dispute and address concerns regarding corporate governance and executive compensation practices. This settlement demonstrates Tesla's commitment to addressing shareholder concerns & maintaining transparency and fairness in its compensation policies.