Testimony begins from Tesla board in Elon Musk pay lawsuit
potentially worth almost $56 billion.
The first witness called to testify was Ira Ehrenpreis, a prominent venture capitalist and longtime friend of Musk who chaired Tesla’s compensation committee when the grant was formulated.and solar panel maker hits certain market capitalization and operational milestones. For each of 12 milestones, Musk, who already owned about 22% of Tesla when the plan was approved, would get stock equal to 1% of outstanding shares at the time of the grant.
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