Elon Musk Receives $3M From Tesla To Personally Insure Company Directors Against Expensive Lawsuits
A new filing shows Tesla paid Elon Musk $3 million after the company’s CEO offered up to $100 million in indemnity coverage to company directors. In Apr., Tesla announced that the company’s chief executive would be personally ensuring its board members citing disproportionately high premiums quoted by insurance companies for the indemnity coverage. This coverage …
