The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37% so far in 2024.
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a U.S. court earlier this year. In a filing with federal regulators on Wednesday, Tesla Chair Robyn Denholm said
The deal, if approved by shareholders and judges, would be the largest in corporate America.
DETROIT >> Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year, and to move the electric car maker’s corporate home from Delaware to Texas.
Tesla and Baidu have announced a partnership to develop driver assistance technology following Elon Musk's visit to China over the weekend.
Tesla Attorneys Target Shareholder Trying To Stop Moving Musk's Pay Fight To Texas Richard Tornetta, who was at the center of Tesla shareholders' claim that Elon Musk was taking an excessive pay package, is now at the center of claims that Tesla should not be reincorporating to Texas to approve Musk's voided pay plan. But Tesla is firing back at Tornetta. John Reed, one of Tesla’s attorneys, said in a Delaware Chancery Court filing this week that Tornetta "is raising false...
Elon Musk responded to accusations by Facebook co-founder Dustin Moskovitz, who likened Tesla's business practices to Enron's fraud, alleging massive consumer and securities fraud by Tesla. read more
Elon Musk wants there to be no doubt that Tesla needs to be "hardcore."Musk reaffirmed the company's need for meaningful layoffs and cost-cutting in an email late Monday night, according to a report from The Information.In the email, Musk announced the departure of two executives at the company: Rebecca Tinucci, senior director of the company's Supercharger group, and Daniel Ho, head of new products, according to the report.All staff reporting to the executives would also be cut, although a...
Elon Musk may be living on borrowed time as CEO of Tesla, as the Cybertruck stalls and the stock falls. Why price cuts won't help.
Tech billionaire and Tesla CEO Elon Musk was in China for talks on Sunday, making his second trip in less than a year to the world's biggest market for electric vehicles. Chinese state broadcaster CCTV said Musk -- one of the world's richest people -- held a meeting with a
Tesla added nearly $64bn (£51bn) to its valuation after the EV giant took a step closer to launching self-driving cars in China.]]>