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Tesla paid Elon Musk $3 million to personally insure company directors against lawsuits for 90 days, a new filing reveals
Summary List Placement Tesla paid its CEO Elon Musk $3 million after the billionaire personally offered...Summary List Placement Tesla paid its CEO Elon Musk $3 million after the billionaire personally offered up to $100 million in indemnity coverage to company directors, a new filing showed on Wednesday. Tesla announced in April that Musk would personally insure its board members because of "disproportionately high premiums" quoted by insurance companies for the indemnity coverage. The coverage protects directors from having to...