Tesla Investors Sue Musk Over Diverting Opportunities Away

Tesla Investors Sue Musk Over Diverting Opportunities Away

The post Tesla Investors Sue Musk Over Diverting Opportunities Away appeared first on Coinpedia Fintech News

Tesla investors have sued Musk and other executives for enriching xAI at Tesla’s expense on Juen 13. They claimed that xAI has poached employees from Tesla, diverted at least $500 million in GPUs from Tesla to X, and also used Tesla’s data for xAI development without compensating Tesla. They also cited a tweet in which Musk had publicly threatened that he would divert corporate opportunities away from Tesla unless Tesla gave him substantial additional equity. Musk has also been accused of allegedly breaching his fiduciary duties at Tesla.