Tesla boss arrived in Beijing on Sunday for unannounced meeting with Chinese premier Li Qiang promising an imminent roll-out of driverless cars in the country. The surprise visit came just a week after Musk cancelled a meeting with India 's PM Narendra Modi, citing 'very heavy Tesla obligations'. Analysts welcomed the visit with the company's share price down by a third since January
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 is pushing hard to get shareholder approval for Elon Musk's compensation plan, even though a judge recently ruled against it. The company argues that the package is essential for Tesla's future achievements.The critical question remains: why does Tesla's board believe a $55 billion compensation package is justified for Elon Musk? The company frames it as a matter of respect and fair treatment for their CEO.Tesla is seeking shareholder approval to reinstate Musk's controversial £44 billion...
Elon Musk Makes Surprise Beijing Visit As Tesla Seeks Full Self-Driving Rollout Elon Musk arrived in Beijing on Sunday and met with Premier Li Qiang, one week after postponing a trip to India. A source familiar with the visit told Reuters that Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas with top Chinese officials. X user Yan Chan captured the moment Musk's Gulfstream G550 landed at Beijing Capital Airport on...
In a brief email to staffers on Wednesday, Tesla CEO Elon Musk said the company sent incorrect severance packages to some employees who lost their jobs.
The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37% so far in 2024.
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.]]>
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.The electric car maker, which enjoyed scorching growth for most of 2022 and 2023, has experienced setbacks that analysts say have raised the stakes for the first-quarter report.Tuesday's earnings and conference call are a moment of truth for Tesla and Musk, constituting one of the most important...