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Tesla's law firm helps draft legislation that some experts say could restore Musk's $55B pay package


//business-finance.news-articles.net/content/202 .. ts-say-could-restore-musk-s-55b-pay-package.html
Published in Business and Finance on by ABC   Print publication without navigation

A law firm representing Elon Musk and Tesla helped draft a bill some experts say could, if passed, possibly restore Musk's lost multibillion-dollar compensation package.

The article from ABC News discusses how Tesla's law firm, Quinn Emanuel Urquhart & Sullivan, has been involved in drafting legislation in Texas aimed at restoring tax incentives for electric vehicles (EVs). This legislative effort comes after Texas lawmakers previously eliminated a $2,500 rebate for EV purchases, which was seen as a setback for EV adoption in the state. The new bill, if passed, would reinstate these incentives, potentially benefiting Tesla and other EV manufacturers by making their vehicles more affordable to consumers. The involvement of Tesla's law firm in the legislative process has raised questions about the influence of corporate interests in shaping public policy. Critics argue that such involvement could lead to legislation that favors specific companies over broader public or environmental interests. However, supporters of the bill highlight the environmental benefits of promoting EV use, suggesting that the incentives could accelerate the transition to cleaner transportation options in Texas.

Read the Full ABC Article at:
[ https://abcnews.go.com/Business/teslas-law-firm-helps-draft-legislation-experts-restore/story?id=118977085 ]

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