Tesla Directors to Return $735M to Settle Claims

Need2Know Headlines

Tesla directors will return $735 million to the company in order to settle claims that they overpaid themselves. The settlement resolves a 2020 lawsuit alleging directors rewarded themselves excessive compensation with about $11 million in stock from 2017 to 2020. There is a separate settlement for the $56 billion compensation package of Elon Musk. That's according to the court filing, directors like Oracle's Larry Ellison have agreed to return $3.1 million in Tesla stock options.