After overtaking their U.S. competitors in sales for the first time, Chinese carmakers are one step closer to fulfilling Tesla CEO Elon Musk’s prophecy that one day they would “demolish” most other car companies. Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report […]
By Ross Kerber (Reuters) – Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday. In a note seen by Reuters, Vanguard said it had voted against Musk’s compensation package when it was […]
Tesla (TSLA) stock slipped slightly on Friday after shareholders reapproved Elon Musk’s record-breaking pay pact, removing a big overhang on the stock as investors blessed the controversial compensation plan. Tesla shares surged the day before as Musk all but said passage of the pay plan was a fait accompli. Nonetheless, with 72% of votes cast […]
Clawback After firing a number of X-formerly-Twitter staff in Australia, the platform’s new owner Elon Musk is threatening to take them to court, demanding to claw back payments after claiming the company had accidentally overpaid them. The flailing social media service fired much of its remaining staff stationed in Australia back in January 2023. But […]
By Ross Kerber (Reuters) – Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday. In a note seen by Reuters, Vanguard said it had voted against Musk’s compensation package when it was […]
Dow Jones futures fell early Friday, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) shareholders approved a massive pay deal for Elon Musk, who teased future EVs. Meanwhile Adobe (ADBE) soared on earnings. X The stock market rally showed mixed action Thursday despite another tame inflation report. The Nasdaq set a fresh all-time high […]
Elon Musk has said former President Donald Trump sometimes calls him up out of the blue. The Tesla CEO made the comments during Tesla’s annual shareholder meeting on Thursday. The apparent Musk-Trump phone calls are in line with a burgeoning chumminess between the two men. Elon Musk may be influencing Donald Trump’s stance on electric […]
Tesla shareholders have voted to restore chief executive Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced at Tesla’s annual stockholders’ meeting on Thursday, but the company said they voted for Mr Musk’s compensation plan, which initially was approved by […]
Elon Musk says former President Donald Trump sometimes calls him up out of the blue. The Tesla CEO made the comments during Tesla’s annual shareholder meeting on Thursday. The apparent Musk-Trump phone calls are in line with a burgeoning chumminess between the two men. Elon Musk may be influencing Donald Trump’s stance on electric vehicles […]
(Reuters) -Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth. The approval of the largest CEO package in U.S. corporate history underscores the sport Musk has from the company’s […]
Tesla shareholders have voted to restore chief executive Elon Musk’s record 44.9 billion US dollar (£35 billion) pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced at Tesla’s annual stockholders’ meeting on Thursday, but the company said they voted for Mr Musk’s compensation plan, which […]
Tesla (TSLA) shareholders re-approved Elon Musk’s record-breaking pay pact and signed off on a new Texas incorporation, a show of support for the CEO as he fights legal battles on multiple fronts. “Hot damn I love you guys,” Musk said after the votes were tabulated, while speaking at the company’s annual shareholder meeting in Austin, […]