Delaware Judge Voids Elon Musk’s $56 Billion Compensation Package A Delaware judge on Tuesday agreed to void the $56 billion compensation package of Tesla CEO Elon Musk. Tesla’s share price slid about 3% in after-hours trading Tuesday following news of the decision about its chief’s pay. “The plaintiff is entitled to rescission,” Delaware Chancery Court…
Tesla to Partner with Stellantis for Supercharger Stations Tesla to Partner with Stellantis for Supercharger Stations Introduction European auto giant Stellantis, which owns brands including Chrysler, Peugeot, and Maserati, is tipped to be the next company to sign a deal with Tesla to use its supercharger stations, according to RBC analyst Tom Narayan. It would…
The Experts React: Tesla’s 12-Day Winning Streak Market Movers rounded up the best reactions from investors and analysts on Tesla. The experts discussed the electric vehicle maker’s 12-day winning streak — its longest ever. Charging Station Deal On May 25, Tesla announced a new deal to allow Ford EV owners access to more than 12,000…
Tesla CEO Elon Musk addresses shareholders, promises Cybertruck deliveries Straubel added to the board, Optimus touted Earlier, shareholders voted to add former Tesla CTO JB Straubel, now the CEO of Redwood Materials, to the automaker’s board of directors. Redwood Materials recycles electronic waste and batteries and, last year struck a multi-billion dollar deal with Tesla…
San Francisco, June 10 (IANS) After discovering fresh incidences of Tesla’s Autopilot advanced driver assistance system colliding with parked first-responder vehicles, US federal safety officials have “upgraded” their probe. The National Highway Traffic Safety Administration (NHTSA) said in a notice on Thursday that it was expanding its preliminary evaluation of Tesla Autopilot systems to an…
San Francisco, Feb 9 (IANS) In his first-ever public acknowledgement of Elon Musk-run Tesla’s contribution to the world of electric vehicles (EVs), US President Joe Biden has said that the country is building a reliable national public charging network to counter Chinese challenge in the EV market. Biden’s acknowledgement came after Tesla CEO Musk repeatedly…
New Delhi, Feb 8 (IANS) The government on Tuesday questioned electric car company Tesla’s business practices, of seeking tax breaks to use the Indian market to sell its products, but not wanting to set up manufacturing facilities in the country which can generate thousands of jobs. “We can’t grant subsidies or relaxation in taxes to…
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