TESLA DIRECTORS PAY $735 MN TO SETTLE LAWSUIT OVER EXCESS COMPENSATION

[{"selector":"#anim-b4490222-04b5-4729-b166-2fe16ce6a1af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.18520932812023%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3503e12c-df0d-4edf-9af4-e196e7f9f98c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac225729-1759-42b8-8231-dc9e770b40b3","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla directors to return $735 million to compensate for overpayment.

[{"selector":"#anim-8cb2cf8f-f6d6-4cbf-91ae-f5a75ebc1887","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6efb301-13d4-4108-b7f2-fd801013cb61","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96abaf77-330d-4776-90e6-e026bbcaf42f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.08407462438295%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Settlement resolves a 2020 lawsuit with a retirement fund over stock options.

[{"selector":"#anim-0d8d9a73-2523-42b0-a1e3-260765fbfa62 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1b28c217-8e69-4156-b958-df8974d659da","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6165b0ba-22c6-4610-a164-b10c446465af","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Elon Musk and Tesla known for successful legal battles.

[{"selector":"#anim-2a606f52-5eaa-493e-a697-2d2d3a3a1cc4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-580aaaa8-039f-4dc8-b0a2-3615c07b9b01","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79091ae9-c21b-478e-89ed-511dc9b72d90","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Directors won't receive compensation for 2021-2023.

[{"selector":"#anim-4168b268-7f32-4695-b079-3a8097221463 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f55ade95-9320-444b-8271-5586da2f03db","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab86fbbe-060c-4842-965d-d90141bd5886","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla argues stock options aligned with investor objectives.

[{"selector":"#anim-10aba5bd-f0ac-4ec0-acdf-7806b69724fd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.18520932812023%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-13654be2-5942-4464-81e5-19c26db52927","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-381872c3-6afe-446e-808e-1230cc4ba878","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Shareholder filed lawsuit against Musk's pay deal in 2019.

[{"selector":"#anim-7a8f5d15-1eb8-4710-a18e-e8434ee05490 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.16562490391763%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-50fcb78b-502c-48ba-a18b-da4269102c30","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3b7ef1f-0880-4cec-82a7-18d7a7252927","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Directors awarded themselves 11 million stock options from 2017-2020.

[{"selector":"#anim-615f462d-0178-4ccf-9147-82276762ca1f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9b7499fb-1c6f-41ee-a297-9ba94b8009f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4cc3c1f2-b8b9-4d4d-9f00-debd057a4a1d","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Directors deny wrongdoing, settle to avoid further litigation.

[{"selector":"#anim-e5741495-ec5f-4a30-93a2-3b2fb2d4ce16 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.006249884746662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9bd3ad5f-aaa5-4aa3-99cd-5a9bfdee1499","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3824898c-0201-4523-9309-dc4484a5f704","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Uncertainty, risk, burden, and expense cited in settlement filing.

[{"selector":"#anim-0b5f154b-88eb-45b0-97b2-0b4ef637cb5a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.254687386254172%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6b61abc0-9ff2-49fc-9d1f-5834ebda0509","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ced2e6d-f7ce-4617-b962-e36383b7d283","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 10. Case adds to Tesla's reputation for legal controversies and growth.

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