Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
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.
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...
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.
If you’re running a troubled government agency (of which there are plenty), you can choose the hard way or the easy way to deal with internal critics. You can thoughtfully […]
The news that the truck's accelerator pedal can get stuck and cause a crash
In January 2020, as it became clear that countries outside of China were reporting COVID cases, the taxpayer-funded World Health Organization instead spent its time publishing a series of 14 tweets about the dangers of vaping, including claims that e-cigarette liquid is “highly flammable,” that secondhand vapor is lethal to bystanders, and that there is no evidence that e-cigarettes help people to quit smoking, all of which are entirely false.It was a scurrilous thread deliberately designed to...
Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...
Pruitt Taylor Vince will play Pa Kent.