The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Sales contracts prevent buyers of the company’s electric cars from pursuing class-action suits if something goes wrong.
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.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
A Supreme Court ruling, combined with an energy crunch and intraparty politics, makes it nearly impossible for President Biden to achieve his climate goals.
To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.
The suit comes months after a jury awarded a former Black employee at the electric carmaker’s San Francisco-area factory $137 million.
The electric carmaker disclosed the new legal issues in its annual report to securities regulators, which was made public on Monday.