**Tesla Shareholders Take Legal Action Against Elon Musk and Management**
๐ธ **The Allegations**: Shareholders claim Elon Musk diverted Tesla's AI resources and key talent to his startup, xAI.
๐ธ **Impact**: This move is seen as damaging Teslaโs competitiveness and market position.
๐ธ **Legal Action**: The lawsuit, filed in Delaware court, accuses Musk and the board of betraying Tesla's interests.
๐ธ **Key Incident**: Notably, Ethan Knight, Teslaโs computer vision team leader, joined xAI in March 2024.
๐ธ **Resource Diversion**: Musk allegedly redirected Nvidia GPUs, crucial for Tesla, to xAI and other ventures, deeming them unnecessary for Tesla.
๐ธ **Timing**: The lawsuit was filed the same day shareholders voted to cancel Muskโs large pay package.
๐ธ **Shareholdersโ Stance**: They argue that Musk and the board's actions have harmed their investments and demand compensation for their losses.
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