Tesla Urges Rejection of $5.6 Billion Legal Fee in Musk Pay Case

Tesla Inc. urged a Delaware judge to reject an unusual proposal by the lawyers who defeated Elon Musk’s $56 billion compensation package and now want their legal fees paid with about $5.6 billion of stock in the electric-car maker.

Instead, Tesla argued in a court filing late Friday that the lawyers should be entitled to just $13.6 million after successfully challenging the company’s decision to award Musk what would have been the largest executive payout ever.

“This case did not require the Herculean efforts that might justify the highest hourly rate in history by many orders of magnitude,” Tesla ...