Twitter deal could bolster lawsuit over Musk's $56 billion Tesla pay


FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake

(Reuters) - Elon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.

The deal for Twitter Inc and its potential to distract Musk from Tesla will play an important part of the trial in October, according to one of the shareholder's attorneys.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Netflix defends Warner Bros bid as shares drop on tepid results
Exclusive-Meta's new AI team delivered first key models internally this month, CTO says
Taiwan's GlobalWafers preparing for phase two expansion at Texas plant
European telcos to get unlimited radio spectrum under EU draft law
OpenAI seeks to increase global AI use in everyday life
Elon Musk and Ryanair keep escalating an online war of words
Netflix shares drop 7% in Europe after Q4 results
France's Atos flags steep revenue decline for 2025
Hotels allege predatory pricing, forced exclusivity in�Trip.com antitrust probe
David Rosen, 95, dies; video game visionary and co-founder of Sega

Others Also Read