Part 2/9:
The legal proceedings originated a few years ago, and initially, the trial was slated for April 18th. However, the date has now been pushed to November 14th. Interestingly, the same judge who oversaw Musk's Twitter acquisition will preside over this case, adding a layer of familiarity and complexity.
This lawsuit predominantly revolves around Elon Musk's 2018 CEO compensation package. Under this plan, Musk's payout was tied to achieving specific milestones related to Tesla's market value and operational goals. Crucially, Musk would only receive these payouts if milestones were met; otherwise, he would receive nothing. As Tesla's share price soared between 2020 and today, Musk's payouts made him the world's richest person, highlighting the high stakes involved.