Musk Claims No Role in Setting His $55 Billion Pay Deal at Tesla

Elon Musk told a Delaware judge he had no role in setting up his $55 billionpay deal to run Tesla Inc. in 2018 and that he was focused instead on solving the complex problem of creating a sustainable electric-vehicle company.

“I do not have any understanding of the internal processes by which this compensation structure was obtained,” Musk said during the third day of trial over a lawsuit by a Tesla investor who claims his compensation was excessive and should be returned to the company.

Musk, the world’s richest person, said he never discussed his compensation with board members ...