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2024

Elon Musk’s Compensation Package and Misuse of Tesla’s Resources

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By Ilene, adapted from Phil's Webinar (6/5/24) with AI

Elon Musk, the CEO and co-founder of Tesla, has been embroiled in a legal battle over his proposed $56 billion compensation package from Tesla. In addition, Musk has admitted to redirecting Tesla's supply of Nvidia chips to his personal AI company, which is not owned by Tesla. His excuse for this misappropriation is that Tesla wasn't ready to use the chips, so they would have just sat on the shelf. "That's like stealing the crown jewels and saying, 'well, the Queen only wears them once a year and I'm ...