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Tesla investors sue Elon Musk for diverting carmaker’s resources to xAI https://t.co/7Rpse046Ds
Tesla shareholders have sued CEO Elon Musk (@elonmusk) and the board of directors over the billionaire's decision to found @xAI. According to the plaintiffs, the startup competes with the company in the field of artificial intelligence, "taking away talent and resources from the… https://t.co/YuaKiKnTeu
ICYMI: Tesla investors sue Elon Musk for allegedly moving talent, resources to xAI Read the full article 👇 https://t.co/ZpMz686XcL https://t.co/E7hSOkPBsX
Tesla shareholders have filed a lawsuit against CEO Elon Musk and the company's board of directors, alleging that Musk diverted talent and resources to his newly founded AI company, xAI. The plaintiffs claim that xAI competes directly with Tesla in the field of artificial intelligence. The lawsuit also challenges Musk's $56 billion compensation package, accusing him and the board of breaching their fiduciary duties by allowing the establishment of a competing enterprise. High stakes are involved as Musk's $56 billion pay package hangs in the balance.
