The billionaire chief executive testified about a multibillion-dollar compensation package the electric car company’s board put in place in 2018.
A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
He asked whether he should sell 10 percent of his stock, and Twitter voters said yes. Stock options he was granted in 2012 are “a ticking tax time bomb,” one expert said.
Tuesday’s losses put Tesla’s stock down more than 11 percent this week.