Twitter CEO Elon Musk, testifying at his Tesla compensation trial in Delaware, told the court that he plans to find someone else to run Twitter, according to a new report.
Musk also reportedly said that the fundamental restructuring of Twitter will be complete at the end of this week, and that the Tesla engineers whom he had asked to review code at Twitter worked on a voluntary basis.
Defense asks Musk about Twitter: He says he plans to find someone else to run it. As for those Tesla engineers “reviewing code”, they were there on a voluntary basis after hours, Musk says.
— Becky Peterson (@beckpeterson) November 16, 2022
The trial is examining Tesla’s 2018 compensation plan for the billionaire. The plan awarded Musk shares of the company, which would be valued more as Tesla stock rose. The year before Musk’s compensation plan was awarded, Tesla had lost nearly $2 billion.
“The compensation plan included 12 batches of stock that Musk would receive if milestones were hit,…
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