this post was submitted on 17 Jun 2024
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[Dormant] Electric Vehicles
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I didn't think he was paid yet, the shareholders approved it but it has to go back to court
That is correct. The law firm who challenged it in the first place is saying this has no bearing on the ruling and will submit their updated brief or whatever its called on Friday. Tesla is saying the new vote addressed the concerns laid out by the judge and should therefore invalidate the ruling.
Edit: IANAL this is not lawyer speak, just my understanding of what's happening
Edit: it's also stock, not money, and he can't use it for 5 years. So 5 years from now everyone can all bitch and complain about how it's $50 billion, or $5 billion as everyone thinks Tesla is going to collapse, or $150 billion if they pull off a miracle.