Musk testifies in Tesla compensation package trial

| Nov 17, 2022, 11:34:19 PM | AP
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Tesla CEO Elon Musk is defending himself in a shareholder lawsuit challenging a compensation package he was awarded by the company's board of directors that is potentially worth more than $55 billion. Musk appeared in a Delaware courtroom Wednesday. He denied that he dictated terms of the 2018 compensation package or attended any board or committee meetings at which the plan was discussed. The lawsuit alleges that the performance-based stock option grant was negotiated by the compensation committee and approved by Tesla board members who had conflicts interest due to personal and professional ties to Musk, including investments in his companies. It also alleges the shareholder vote approving the compensation plan was based on a misleading proxy statement. The shareholder plaintiff alleges that the proxy wrongly described members of the compensation committee as "independent," and characterized all of the milestones that triggered vesting in the stock options as "stretch" goals meant to be difficult to achieve, even though internal projections indicated that three operational milestones were likely to be achieved within 18 months of the stockholder vote.

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Meet The Sheshnaag-150: India’s Answer To Cheap One Way Attack Drones

As American and Israeli strikes hammered Iran with Operation Epic Fury, US Central Command made a quiet but historic announcement: for the first time in history, the United States had deployed one-way attack drones in combat. The weapon was LUCAS the Low-cost Unmanned Combat Attack System and it is, by American admission, a reverse-engineered copy of Iran's own Shahed-136 loitering munition. The same class of drone Iran is currently using to strike Israeli cities and American bases across the Middle East. Five thousand kilometres east of the Persian Gulf, India is building its own answer. Bengaluru-based NewSpace Research and Technologies has developed the Sheshnaag-150, a 150-kilogram long-range collaborative attack drone named after the mythological serpent king, designed from the ground up for swarm warfare. With a range exceeding 1,000 kilometres, an endurance of over five hours, and a warhead of 25 to 40 kilograms, the Sheshnaag sits in the same conceptual category as the Shahed and LUCAS but with swarm coordination and mission versatility that arguably exceed both. Iran discovered that cheap, numerous and expendable weapons could defeat expensive and irreplaceable ones. Russia deployed that discovery at industrial scale in Ukraine. America, with LUCAS, has now joined the party. And India watching every Shahed barrage, watching LUCAS make its debut is building its answer on a test range outside Bengaluru.

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