Tesla CEO Elon Musk and former Twitter (now "X") executives have reached a settlement in their $1.28 million lawsuit over unpaid severance pay.Latest file displayThe two parties have agreed to settle for an undisclosed amount, but the prerequisite is that Elon Musk must complete certain conditions in a short period of time.
The case was originally filed in 2024 by former Twitter CEO Parag Agrawal, CFO Ned Segal, General Counsel Vijaya Gadde, and General Counsel Sean Edgett.File a lawsuit, accusing Elon Musk of firing him immediately after completing the $440 billion acquisition to avoid paying severance pay and vested stock. This incident was originally recorded in biographer Walter Isaacson's book "Elon Musk," which revealed that Elon Musk took drastic measures in the early stages of the acquisition to save costs.
According to reports, Elon Musk, in an effort to reduce costs, not only laid off a large number of employees, but also temporarily stopped paying office rent and cut server maintenance budgets. This settlement represents a final agreement between the two parties and brings the year-long legal dispute to a close.
If the case is settled, Elon Musk will be able to put an end to the chaotic acquisition process. However, if Elon Musk fails to fulfill the settlement conditions, the case will resume on October 31.
