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Elon Musk Podcast
Elon Musk Weekly News Update: Tesla, SpaceX, X, Neuralink, and More
Jun 30, 2024
Elon Musk discusses Tesla's latest advancements, SpaceX's ambitious missions, Neuralink's brain-machine interface tech, and updates from X in this weekly news update. Topics include legal disputes over Musk's pay package, rivalry among rocket companies, and the broader implications of corporate governance.
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Quick takeaways
- Tesla and Musk face legal battles over substantial fees, highlighting corporate governance complexities.
- Shareholder approval impacts Musk's $56 billion pay package, sparking legal disputes.
Deep dives
Battle Over Legal Fees in Tornetta vs. Musk Case
Elon Musk faces a legal battle over substantial legal fees in the Tornetta vs. Musk case, concerning the adjustment of fees from $5 billion to $1.44 billion. Tornetta's lawyers proposed an hourly rate of $73,948, citing historical precedents and arguing for fair compensation. Tesla contests the fee request, suggesting $13.6 million, while highlighting shareholder approval of Musk's pay package.
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