Tesla’s directors will return $735 million to the company to settle claims from shareholders that they excessively overpaid themselves, according to a Monday court filing.
The settlement concludes a 2020 lawsuit from a retirement fund that holds Tesla stock. The Police and Fire Retirement System of the City of Detroit had criticized stock options granted to Tesla directors — including CEO Elon Musk, his brother Kimbal Musk and Oracle co-founder Larry Ellison — starting in June 2017.
Musk is also separately under scrutiny for his own $56 billion compensation package, which is
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Tesla directors pay $735M to settle claims they overpaid themselves
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