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Elon Musk Testifies He Had Little Say in His Giant Tesla Pay


Elon Musk testified on Wednesday that he was not involved in the discussions among Tesla board members about a 2018 pay package that granted him billions of dollars in stock options, helping to make him the world’s richest person.Speaking in a courtroom in Wilmington, Del., Mr. Musk pushed back against accusations in a shareholder lawsuit that the electric car company’s board was stacked with friends and other people close to him who did his bidding.“I was completely focused” on managing Tesla, he said.The case in which Mr. Musk is testifying centers on a compensation package that awarded Mr. Musk stock options that gave him the right to acquire nearly $50 billion in Tesla shares if the company met certain revenue, profit and s …

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