Elon Musk, new owner of Twitter, will not go to Indonesia to take part in a meeting of entrepreneurs on the sidelines of the G20 but will participate in a virtual meeting (AFP/Archives/Philip Pacheco)
Elon Musk, the new owner of Twitter, will not go to Indonesia to take part in a meeting of entrepreneurs organized on the sidelines of the G20 summit but will participate in a virtual meeting, an Indonesian minister said on Sunday.
Mr Musk, also the owner of carmaker Tesla, was due to speak at the so-called ‘B20’ economic conference on the Indonesian island of Bali.
Next week, the multi-billionaire is due in a US court in a lawsuit over his 2018 compensation of around $56 billion in stock options.
“As for Elon Musk, he has a trial. He must be present in court,” Luhut Binsar Pandjaitan, the Indonesian Minister in charge of the Coordination of Maritime Affairs and Investments, told reporters.
His ministry said that Mr. Musk, the richest man on the planet, will take part on Monday, the day before the opening of the G20, in an hour-long virtual exchange with Indonesian tycoon Anindya Bakrie on “the disruptions future of global technological innovation”.
Amazon founder Jeff Bezos, Canadian Prime Minister Justin Trudeau and Australian Prime Minister Anthony Albanese are among the B20 attendees.
Mr Pandjaitan said Mr Musk will travel to Jakarta in December “on completion of his legal proceedings”.
Indonesian President Joko Widodo traveled to Texas to meet with Musk earlier this year to discuss Tesla’s investment in the archipelago’s nickel industry.
Indonesia has the largest nickel reserves in the world, and the pioneer of the electric car would be interested in them because they are used as components for batteries.
A shareholder challenged in a Delaware court Mr. Musk’s special compensation, which was at the time approved by shareholders.
But the complainant accused the board of directors of having failed in its obligations.
The case will be studied by the same judge who, in October, adjourned the procedure between Twitter and Mr. Musk and gave until October 28 to both parties for the boss of Tesla to buy the social network.
The G20 summit will bring together the leaders of the world’s largest economies, including Chinese President Xi Jinping and US President Joe Biden.
© 2022 AFP
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