Tesla Shareholders Sue Musk Over Competing AI Company and $56 Billion Compensation

Jun 13, 2024, 06:46 PM

Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start a competing AI company, xAI. The shareholders claim that Musk diverted talent and resources from Tesla to the new startup. Additionally, Musk’s $56 billion compensation package is under scrutiny as part of the lawsuit. Quite the plot twist!