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Reuters
Musk trial gets underway to decide fate of his $56 billion Tesla pay
WILMINGTON, Del (Reuters) -A trial over shareholder allegations that Tesla Chief Executive Elon Musk’s $56 billion pay package was based on easy to achieve performance targets and that investors were duped into approving it began on Monday, with Musk slated to take the stand later this week. A Tesla shareholder hopes to prove during the five-day trial that Musk used his dominance over the electric vehicle maker’s board to dictate terms of the 2018 package, which did not require him to work at Tesla full-time. Musk, the world’s richest person, will testify on Wednesday, Greg Varallo, an attorney for shareholder Richard Tornetta, told a court in Wilmington, Delaware, on Monday.
