Elon Musk took to X, formerly known as Twitter, to criticize the legal team that had previously sued Tesla’s board for alleged overpayment. Musk’s comment was a reaction to the news that these lawyers now demand a staggering $10,000 per hour pay.
What Happened: Musk reposted Whole Mars Catalog’s post commenting on the situation and added his own wry remark, “Fate loves irony, but hates hypocrisy.”
Why It Matters: This comes in the wake of the lawsuit in which Tesla’s directors, including Musk, agreed to return more than $735 million in stock awards to the company. The board was accused of improperly awarding themselves hefty compensation packages. This settlement was seen as a significant advancement towards addressing investor concerns over corporate governance practices at Tesla.
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