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Pension Fund Sues Musk for Taking Massive Pay Package

Jun.18 — Tesla Inc. directors, including Elon Musk, awarded themselves massive compensation packages over a three-year period that improperly siphoned hundreds of millions of dollars out of the electric-car maker’s coffers, a pension fund invested in the company alleges. Dana Hull reports on “Bloomberg Technology.”

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Jun.18 — Tesla Inc. directors, including Elon Musk, awarded themselves massive compensation packages over a three-year period that improperly siphoned hundreds of millions of dollars out of the electric-car maker’s coffers, a pension fund invested in the company alleges. Dana Hull reports on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Zoltán Kárpát

    June 18, 2020 at 10:11 pm

    Lawsuit is stupped. The pension fund just 4x-ed their money in the past year … WTF is their problem? ????

    • Voltaire

      June 18, 2020 at 10:40 pm

      My guess is that they are VERY long oil&gas stocks and hold Tesla as a hedge.

  2. Trevor Ritchie

    June 18, 2020 at 10:13 pm

    Boring

  3. Cautious X0

    June 18, 2020 at 10:15 pm

    Lmao. What a useless lawsuit

  4. I_M_T_I_A_Z_ S_Y_E_D

    June 18, 2020 at 10:15 pm

    defund the pensions

  5. zbLoodlust087

    June 18, 2020 at 10:22 pm

    No there’s always drama with pension funds that are unsustainable as the average lifespan of human beings increase and they get put under pressure.

  6. Liberal Christo

    June 18, 2020 at 10:31 pm

    He didn’t inherit his money

  7. CaliforniaMISC

    June 18, 2020 at 10:33 pm

    wtf

  8. timkiwi

    June 18, 2020 at 11:02 pm

    it just shows how the financial sector hinders man kind. lets ask how much money these pension funds have invested in the ” Industrial Military Complex” and companies that pollute the environment.

  9. Hayden Macfarlane

    June 18, 2020 at 11:20 pm

    Lol this is hilarious. If Elon can create this much value for shareholders, he deserves it

  10. To Pi

    June 18, 2020 at 11:21 pm

    LOL…. Elon Musk who didn’t take a salary and tied his compensation to the success of the company….wrong company to even attempt this… try Boeing or Bank

  11. Chuck Silva

    June 19, 2020 at 12:18 am

    Tesla? Is the definition of fake?

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Bloomberg Technology

Tesla’s Sales Miss, Next Stage of NASA’s Moon Mission | Bloomberg Tech 4/2/2026

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Bloomberg’s Tim Stenovec discusses the roller coaster for tech stocks as the market reacts to the ongoing conflict with Iran. Plus, Tesla posts one of its worst sales quarters in years, disappointing Wall Street even as the company tries to convince investors its future is in AI. And, NASA’s Artemis II crew prepares to fire their engines toward the moon.

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Tesla posted one of its worst sales quarters in years, missing Wall Street’s expectations. Bloomberg’s Craig Trudell discusses Tesla’s struggles to turn around its core business. He joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde…

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Tesla posted one of its worst sales quarters in years, missing Wall Street’s expectations. Bloomberg’s Craig Trudell discusses Tesla’s struggles to turn around its core business. He joins Tim Stenovec on “Bloomberg Tech.”
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