Tesla shareholders have filed a lawsuit against CEO Elon Musk and the company's board of directors, alleging that Musk diverted talent and resources to his newly founded AI company, xAI. The plaintiffs claim that xAI competes directly with Tesla in the field of artificial intelligence. The lawsuit also challenges Musk's $56 billion compensation package, accusing him and the board of breaching their fiduciary duties by allowing the establishment of a competing enterprise. High stakes are involved as Musk's $56 billion pay package hangs in the balance.
Tesla investors sue Elon Musk for diverting carmaker’s resources to xAI https://t.co/7Rpse046Ds
Tesla shareholders have sued CEO Elon Musk (@elonmusk) and the board of directors over the billionaire's decision to found @xAI. According to the plaintiffs, the startup competes with the company in the field of artificial intelligence, "taking away talent and resources from the… https://t.co/YuaKiKnTeu
ICYMI: Tesla investors sue Elon Musk for allegedly moving talent, resources to xAI Read the full article 👇 https://t.co/ZpMz686XcL https://t.co/E7hSOkPBsX
Tesla investors sue Elon Musk for allegedly moving talent, resources to xAI https://t.co/qkGggvSm8m
Tesla investors sue Elon Musk for launching a rival AI company https://t.co/9sWtw7fzQb
Tesla investors sue Elon Musk for launching a rival AI company: Illustration: Kristen Radtke / The Verge; Image: Getty Images Several Tesla shareholders are accusing Elon Musk and the company’s board of knowingly diverting talent and… https://t.co/s9M8LQCwcm #ai #ainews
🤖🇺🇸 Tesla shareholders sue Musk for starting competing AI company! 🚀 Claim: diverting talent and resources to xAI. High stakes as Musk’s $56B compensation package hangs in the balance! https://t.co/DA0mrVCvaC
Wow, surprise! Tesla shareholders are suing Musk for starting a competing AI company, xAI. They claim he diverted talent & resources from Tesla to the new startup. Quite the plot twist! Read more at https://t.co/4cO9FakNTi
Elon Musk has been draining Tesla's AI talent dry, shareholders allege in lawsuit https://t.co/p1ZMRwZt4d
Tesla shareholders sue Musk for starting competing AI company: https://t.co/mx1EhN6OFO by TechCrunch #infosec #cybersecurity #technology #news
Tesla shareholders sue Musk for starting competing AI company: Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company,… https://t.co/K3SunltZaZ #AI #AInews #AItips
Tesla shareholders sue Musk for starting competing AI company https://t.co/VHC6PaHDyw
https://t.co/Lhpamnlfny @elonmusk wants shareholders to re-ratify his $56B pay package today. But some are suing him and @Tesla's board instead for breaching fiduciary duties by allowing him to start a competing AI company, xAI.