Daily Tribune (Philippines)

Musk testifies at $50-B pay trial

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NEW YORK, United States (AFP) — Tesla tycoon Elon Musk will take the stand on Wednesday as part of a trial over his $50 billion pay package as CEO of the electric car giant.

Musk will testify in the same Delaware court where he faced a lawsuit by Twitter to make sure he went through with his buyout of the social platform.

The unrelated Tesla case is based on a complaint by shareholde­r Richard Tornetta, who accused Musk and the company’s board of directors of failing in their duties when they authorized the pay plan.

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