Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
After a dismal quarter for Tesla, CEO Elon Musk tried to reassure investors the company’s real value was its effort to perfect self-driving cars.
(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
Tesla CEO Elon Musk's $56 billion pay package will go to another shareholder vote in June, after a Delaware court voided it as excessive.
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup.
The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges in Tesla's EV and AI efforts.
Tesla is set to ask its shareholders to once again vote on approving the controversial 2018 pay package for CEO Elon Musk, which was recently thrown out by a Delaware judge.
Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn...
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost […]
The company's stock was down 3% in morning trading. “As we prepare the
The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37% so far in 2024.
Tesla is voluntarily recalling nearly 4,000 Cybertrucks due to a problem with the accelerator pedal while Elon Musk recently dropped down the list of the world’s richest people.