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If Musk is actually using Tesla devs at Twitter he better have a rock solid contract for service between the two companies. Otherwise he opens himself up to a s
by snowwrestler 4y ago
If Musk is actually using Tesla devs at Twitter he better have a rock solid contract for service between the two companies. Otherwise he opens himself up to a shareholder lawsuit for misuse of Tesla corporate resources.
- kjksf 4y agoA civil lawsuit is always about money. To win money in a lawsuit you need to show damages. As a shareholder, the damages would be drop in stock price. Good luck convincing all 12 jurors that Tesla's stock price dropped because a few Tesla engineers did a code review of Twitter code. Especially given that Tesla stock tends to go up, not down (recent beatings due to macro nonwithstanding).
- tpxl 4y agoU wot. If Tesla engineers do work for free for a company owned by one of the shareholders, there's clear damage there in the form of misallocation of resources.
- Keyframe 4y agoWho said for free? Twitter pays Tesla which renders that service. That's as clean as it can be.
- snowwrestler 4y agoUh huh. Let’s say Musk writes himself a check from Tesla for an extra $100,000. He cashes it, but the next day TSLA is up. No problems there? No legal risk? Now let’s say that instead of a check, he gifts himself $100,000 of Tesla engineering time.