Elon Musk Entangled in New $6B Lawsuit After OpenAI Dispute
Elon Musk finds himself embroiled in another legal battle, this time facing a $6 billion lawsuit just days after initiating legal action against OpenAI, a major Artificial Intelligence (AI) entity.
Following their initial attempt to dismiss Elon Musk’s $55.8 billion compensation package, the same legal team representing Tesla Inc. investor Richard Tornetta is now seeking Tesla shares as compensation.
Requesting payment in Tesla stock amounting to approximately $6 billion, the lawyers justify their unconventional demand, citing the significant benefit created by Musk’s compensation package for the electric-car manufacturer.
The legal team’s bold move stems from Tesla’s substantial gains linked to Musk’s compensation, which they believe will ultimately result in the return of millions of shares to the company.
This legal development unfolds amidst Musk’s ongoing legal feud with Sam Altman and OpenAI, where Musk alleges a breach of agreement due to concerns about OpenAI’s shift towards profit-driven AI development, particularly in collaboration with Microsoft.
The request for $6 billion worth of Tesla shares, if approved, would mark a significant milestone in corporate legal history, subject to the decision of Judge Kathaleen McCormick, who previously expressed skepticism regarding Musk’s compensation package.