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Elon Musk and his social media company X are sued by former Twitter executive Nick Caldwell for allegedly failing to pay him millions in severance and benefits. What Happened: As per the lawsuit filed in a California federal court on Wednesday, after Musk acquired Twitter for $44 billion in October 2022, the microblogging site “cheated Mr. Caldwell and other executives out of a combined $200,000,000 in severance benefits by falsely accusing them of misconduct and purporting to fire them for ‘Cause.’” Caldwell resigned from Twitter in 2022 and is now the chief product officer for Peloton. He is…