Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’
9 months, 1 week ago

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’

Live Mint  

Bill Ackman American billionaire hedge fund manager on Thursday, June 13, extended support to Tesla CEO Elon Musk, who has sought approval for a $56 billion pay package from shareholders. Taking away @elonmusk’s compensation after he created enormous value for shareholders is theft.” He added, “And stealing from a CEO who has created spectacular value for shareholders is not a smart long-term decision for the company.” In 2021 and 2022, Elon Musk sold around $38 billion of Tesla stock to help finance his purchase of Twitter, now called X. This comment comes a day after Elon Musk acknowledged that the company's shareholders were voting to approve his multibillion-dollar pay package by “wide margins.” Former Tesla General Counsel and FIGS Chief Legal Officer Todd Maron in a post on X, he said, “The vote on the pay package for @elonmusk should be a landslide in favor.” The ex-Tesla General Counsel claimed that among all the things that he liked while working for Tesla, the pay package stood at the top as one of the most essential factors. He praised the SpaceX founder for his achievements and sacrifices in the domain over the years and his expertise in execution of the company which “inspired everyone else at Tesla to achieve what most didn’t even realize they could do, and the world changed for the better as a result.” Maron appealed to Tesla investors to cast their vote considering Elon Musk’s “brilliant leadership and decision-making” and ensure that "sanity and fairness" prevails.

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History of this topic

Trump official's promotion of Tesla flops as shares sink again
Trending News
1 day, 5 hours ago

Trump official's promotion of Tesla flops as shares sink again

Raw Story  

Trump Commerce Secretary Howard Lutnick on Wednesday went on Fox News to aggressively promote the flagship company owned by billionaire Elon Musk. But as Axios reports, Lutnick's pitch to Fox viewers to invest in Tesla seems to have flopped as shares in the company sank again ahead of the opening bell on Thursday morning. Axios adds that Wedbush Securities' Dan …

Tesla employees react as stock of Elon Musk's company continues to slide
2 days, 10 hours ago

Tesla employees react as stock of Elon Musk's company continues to slide

Hindustan Times  

Tesla shares are falling due to fears of slowing sales, increasing competition, and a CEO, who is busy spending a lot of his time in Washington, DC. The plummeting stock is "only concerning if you're a short-term investor," a Business Insider report quoted one Tesla worker in the company's sales department as having said. Ten different employees across different roles …

'Investors have had enough': Tesla loses 'so much' value as it transforms into MAGA symbol
1 week, 1 day ago

'Investors have had enough': Tesla loses 'so much' value as it transforms into MAGA symbol

Raw Story  

Donald Trump completed Tesla's MAGA heel turn by hosting an informercial for the embattled automaker owned by his "first buddy" Elon Musk. "Standing alongside Musk and a row of Teslas on the South Lawn, Trump said he'd buy a Model S sedan for White House staff and threatened to classify anti-Tesla violence as domestic terrorism," Axios reported. "Photographers captured a …

Musk says Tesla will double vehicle production in 2 years to ‘support Trump’s policies’
1 week, 2 days ago

Musk says Tesla will double vehicle production in 2 years to ‘support Trump’s policies’

Firstpost  

The announcement of his ambitious plan comes after Trump bought a brand-new Tesla EV in a show of support for his close advisor Musk, who helped the president pick the shiny red car A Tesla with a sticker referring to the car's purchase is shown on Sunday, December 15, 2024, in Concord. The announcement of his ambitious plan comes after …

Donald Trump praises ‘Great American’ Elon Musk, plans to buy ‘brand new Tesla’ as shares tumble; billionaire responds
1 week, 3 days ago

Donald Trump praises ‘Great American’ Elon Musk, plans to buy ‘brand new Tesla’ as shares tumble; billionaire responds

Live Mint  

US President Donald Trump has praised Elon Musk, the world's richest man, for his efforts to “make America great again.” Trump even plans to buy a Tesla vehicle to support Musk's business. In any event, I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” he …

Tesla stock: Trump says he’ll buy a Tesla to support Elon Musk, whose companies are struggling
1 week, 3 days ago

Tesla stock: Trump says he’ll buy a Tesla to support Elon Musk, whose companies are struggling

CNN  

Editor’s Note: A new CNN series “Twitter: Breaking the Bird” follows the insider story behind the meteoric rise and eventual sale of the revolutionary app featuring the voices of the founders themselves. This a “moment of truth” for Musk as Tesla’s stock price tumbles, wrote Wedbush analyst Dan Ives in a note to clients Tuesday. “In a nutshell the word …

What's REALLY happening at Tesla? Sales slump and shares tank as Musk provokes 'Tesla takedowns'
2 weeks, 3 days ago

What's REALLY happening at Tesla? Sales slump and shares tank as Musk provokes 'Tesla takedowns'

Daily Mail  

The writing may not yet be on the wall for Tesla or its founder Elon Musk, but it is certainly on the back bumper. A survey conducted by EV review website Electrifying.com, found that 59 per cent of British owners and potential buyers of EVs said they would steer clear of a Tesla because of Musk. Musk, a 53-year-old father …

Elon, Inc: How Tesla Became Elon’s Collateral Damage
2 weeks, 3 days ago

Elon, Inc: How Tesla Became Elon’s Collateral Damage

Bloomberg  

Elon, Inc: How Tesla Became Elon’s Collateral Damage Elon, Inc How Tesla Became Elon’s Collateral Damage Arrow Right 32:47 While Elon Musk is busy in Washington, his publicly traded company has been suffering. Having skyrocketed in the immediate aftermath of Donald Trump’s election, Tesla is now in free fall and increasingly a target of protesters. Every weekend, more people have …

Anti-DOGE Protests At Tesla Stores Target Elon Musk's Bottom Line
2 weeks, 5 days ago

Anti-DOGE Protests At Tesla Stores Target Elon Musk's Bottom Line

Huff Post  

LOADING ERROR LOADING BOSTON — Demonstrators gathered outside Tesla stores across the U.S. Saturday to protest the automaker’s billionaire CEO, Elon Musk, and his push to slash government spending on behalf of President Donald Trump. “We can impose direct economic damage on Tesla by showing up at showrooms everywhere and boycotting Tesla and telling everyone else to get out, sell …

Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally
3 weeks, 1 day ago

Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla’s stock has fallen more than 26 percent since Elon …

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X
1 month ago

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

CNN  

New York CNN — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Also helping X’s rebound: It reportedly holds a stake in xAI, Musk’s AI company, which itself is …

Musk slammed as State Department reveals plan to buy $400m in ‘armored’ Teslas in biggest contract of 2025
1 month, 1 week ago

Musk slammed as State Department reveals plan to buy $400m in ‘armored’ Teslas in biggest contract of 2025

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk was blasted Wednesday following revelations that the Trump …

Elon Musk denies that State Dept is buying $400M worth of Tesla Cybertrucks
1 month, 1 week ago

Elon Musk denies that State Dept is buying $400M worth of Tesla Cybertrucks

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The billionaire jumped on X to deny the allegations, as it was widely reported …

'Sleazy corruption': $400M award reportedly for 'Armored Tesla' outrages Musk critics
Trending News
1 month, 1 week ago

'Sleazy corruption': $400M award reportedly for 'Armored Tesla' outrages Musk critics

Raw Story  

The State Department appears likely to award a $400 million contract to tech billionaire Elon Musk's Tesla Motors to deliver an "armored Tesla" to the federal government — a procurement forecast first modified in December, before President Donald Trump was sworn in but after he was elected, according to Drop Site News. Looks like Elon Musk is on-track to win …

Elon Musk agrees to pay Donald Trump $10 million to settle lawsuit against Twitter
1 month, 1 week ago

Elon Musk agrees to pay Donald Trump $10 million to settle lawsuit against Twitter

India Today  

Elon Musk’s social media platform X has agreed to pay US President Donald Trump $10 million to settle an old lawsuit against Twitter, according to a report by The Wall Street Journal. Reportedly, the $10 million settlement would be in addition to the estimated $250 million that Musk apparently spent on supporting Trump’s election campaign last year. Trump will be …

'Nosediving sales': Columnist outlines best way to put Elon Musk 'in dire straits'
Trending News
1 month, 1 week ago

'Nosediving sales': Columnist outlines best way to put Elon Musk 'in dire straits'

Raw Story  

Billionaire Elon Musk has sparked widespread anger with his efforts to illegally shut down entire government agencies without any congressional authorization, but Slate columnist David Zipper believes that there is a simple way to significantly hurt Musk through a consumer boycott of his electric car company. "Consider: If Tesla’s price-to-earnings ratio fell from 181 to 50 — a figure still …

Tesla can’t afford another Twitter-size distraction
1 month, 1 week ago

Tesla can’t afford another Twitter-size distraction

Live Mint  

In the eyes of Tesla shareholders, Elon Musk hardly needed another distraction. Tesla’s stock didn’t even fully recover those losses until after the U.S. election three months ago, which effectively put Musk in the White House with a key position in the Trump administration. Rusch of Oppenheimer also called Musk’s political activity “a potential overhang" on Tesla’s sales in his …

Elon Musk's net worth falls below $400 billion for the first time in 2025 as Tesla shares slump
1 month, 1 week ago

Elon Musk's net worth falls below $400 billion for the first time in 2025 as Tesla shares slump

Hindustan Times  

Elon Musk, the world's richest person, saw his net worth drop below $400 billion for the first time in 2025 as Tesla Inc. shares slumped due to investor concerns regarding the electric vehicle giant's future. Tesla and SpaceX's CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. The …

Elon Musk’s net worth falls below $400 billion for first time in 2025 after Tesla shares plunge 27% since December peak
1 month, 1 week ago

Elon Musk’s net worth falls below $400 billion for first time in 2025 after Tesla shares plunge 27% since December peak

Live Mint  

Elon Musk’s net worth fell below the $400 billion mark for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The electric vehicle giant's stock has fallen 27 per cent after hitting an all-time high in mid-December over hopes that the DOGE chief's proximity to US President Donald Trump would boost the …

Diss Of Billions: Elon Musk Offers To Buy OpenAI For $97.4 Billion, Sam Altman Says He'd Buy X For One-Tenth The Amount
1 month, 1 week ago

Diss Of Billions: Elon Musk Offers To Buy OpenAI For $97.4 Billion, Sam Altman Says He'd Buy X For One-Tenth The Amount

ABP News  

Kendrick Lamar and Drake aren't the only superstars dissing each other publicly of late. no thank you but we will buy twitter for $9.74 billion if you want — Sam Altman February 10, 2025 How Did Musk React To Altman's Diss? “If Sam Altman and the current board want OpenAI to become a fully for-profit company, it’s important that the …

Elon Musk offers $97 billion to buy OpenAI, Sam Altman rejects it and mocks him saying we will buy X for $9B
1 month, 1 week ago

Elon Musk offers $97 billion to buy OpenAI, Sam Altman rejects it and mocks him saying we will buy X for $9B

India Today  

Elon Musk, after previously suing OpenAI, has now made an attempt to purchase the company. Recent reports reveal that Musk, along with a group of investors, approached CEO Sam Altman with an offer to buy out OpenAI for $97 billion. However, Altman declined the offer, responding with a firm, "no thank you.” According to the Wall Street Journal report, Musk …

Government Efficiency Could Have Stopped Elon Musk
55 years, 2 months ago

Government Efficiency Could Have Stopped Elon Musk

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. After boosting Donld Trump through extreme sycophancy, turning Twitter into the red-pilled X, and dousing the once-and-future president with $239 million in campaign contributions, Musk earned himself a starring role in Trump’s second administration. The Department of Government Efficiency, …

US SEC sues Elon Musk for securities violation, claims he underpaid by $150 million for Twitter shares
2 months ago

US SEC sues Elon Musk for securities violation, claims he underpaid by $150 million for Twitter shares

Hindustan Times  

The US Securities and Exchange Commission or SEC has filed a lawsuit against Elon Musk, the world's richest person, alleging that he violated securities law related to his $44 billion acquisition of Twitter. Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, on Oct. …

US securities regulator sues Musk over purchase of Twitter shares
Top News
2 months ago

US securities regulator sues Musk over purchase of Twitter shares

Deccan Chronicle  

The United States Securities and Exchange Commission has sued Elon Musk, arguing that his purchase of Twitter shares in 2022 was carried out with violations, the regulator said in a filing published Tuesday. "Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than five percent of the outstanding shares of …

US watchdog sues Elon Musk over late disclosure of Twitter stake
2 months ago

US watchdog sues Elon Musk over late disclosure of Twitter stake

Al Jazeera  

US Securities and Exchange Commission says Musk’s failure to disclose stake allowed him to underpay $150m for shares. The US Securities and Exchange Commission said on Tuesday that Musk failed to disclose within the required 10-day period that he acquired more than 5 percent of Twitter’s stock in March 2022. The Tesla and SpaceX CEO’s failure to notify regulators allowed …

ABP sells Tesla shares over labor and compensation concerns
2 months, 1 week ago

ABP sells Tesla shares over labor and compensation concerns

NL Times  

ABP, the largest pension fund in the Netherlands, has sold all its shares in Tesla, citing dissatisfaction with CEO Elon Musk’s 56 billion dollars compensation plan and concerns about labor conditions at the company. In late September, ABP divested its 2.8 million Tesla shares. ABP’s decision was influenced by a contentious executive compensation package for Musk. Despite Tesla’s stock price …

Tesla CEO Elon Musk donates shares worth $100 million to charities
2 months, 2 weeks ago

Tesla CEO Elon Musk donates shares worth $100 million to charities

Live Mint  

Tesla CEO Elon Musk donated 268,000 Tesla shares to undisclosed charities shortly before the new year, as per regulatory filing. In 2022, he donated Tesla shares worth $1.95 billion, and in 2021, he contributed approximately $5.74 billion to the Musk Foundation, his nonprofit organization. According to the filing with the Securities and Exchange Commission, the shares were donated as part …

Why Elon Musk should get every cent of his $56bn Tesla pay package
3 months ago

Why Elon Musk should get every cent of his $56bn Tesla pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 months ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

The Anti Elon Tesla Club: How Tesla EV owners are distancing themselves from Musk over ties with Trump
3 months, 1 week ago

The Anti Elon Tesla Club: How Tesla EV owners are distancing themselves from Musk over ties with Trump

Firstpost  

Elon Musk’s outspoken political leanings and his strong ties to President-elect Donald Trump, have made owning a Tesla a rather complex symbol, because of an awkward clash between the brand’s identity and its CEO’s actions Owning a Tesla used to be a statement about innovation, sustainability, and a greener future. But for many, it’s now a complex symbol thanks to …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
3 months, 1 week ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
3 months, 1 week ago

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how

India Today  

Elon Musk, the world’s richest man, said that Microsoft co-founder Bill Gates could face bankruptcy under certain circumstances involving Tesla, the electric vehicle company Musk leads. Musk wrote on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” This comment has reignited their long-standing feud over Gates’ alleged short …

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
3 months, 1 week ago

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’

Live Mint  

Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt the Microsoft founder. Musk’s latest tweet boldly declared, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” According to NDTV, the feud between the two tech billionaires …

Why Elon Musk should get every cent of his $56 billion pay package
3 months, 2 weeks ago

Why Elon Musk should get every cent of his $56 billion pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
3 months, 2 weeks ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
3 months, 2 weeks ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
3 months, 2 weeks ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?
3 months, 2 weeks ago

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?

Firstpost  

Tesla CEO Elon Musk’s $56 billion performance-based pay package has been blocked by a Delaware judge for the second time, despite shareholder approval. File Image/Reuters A Delaware judge in the United States has upheld her earlier ruling to block Tesla CEO Elon Musk’s record-breaking $56 billion pay package, despite multiple attempts by Musk’s legal team and Tesla shareholders to reinstate …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
3 months, 2 weeks ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
3 months, 2 weeks ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package
Trending News
3 months, 2 weeks ago

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package

Firstpost  

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
3 months, 2 weeks ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

What is next for Musk after judge rules against him in Tesla pay case?
3 months, 2 weeks ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk's $56 billion Tesla pay rejected by US court again
3 months, 2 weeks ago

Elon Musk's $56 billion Tesla pay rejected by US court again

India Today  

Tesla CEO Elon Musk has faced yet another setback as a Delaware court rejected his $56 billion pay package for the second time, reported news agency Reuters. THE COURT’S DECISION Chancellor McCormick maintained that Tesla’s attempt to reinstate Musk’s pay package through a shareholder vote was not legally valid. The court also ruled that Musk improperly influenced Tesla’s 2018 board …

Musk’s $101bn Tesla pay package again rejected by US judge
3 months, 2 weeks ago

Musk’s $101bn Tesla pay package again rejected by US judge

Al Jazeera  

Judge says Tesla’s ‘unprecedented theories’ do not support argument to reverse previous ruling scrapping pay deal. A judge in the United States has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package despite shareholders voting to restore the compensation deal. The decision by a Delaware judge on Monday reaffirmed an earlier ruling to void the pay …

US judge denies request to restore Elon Musk's $56 billion Tesla pay package
3 months, 2 weeks ago

US judge denies request to restore Elon Musk's $56 billion Tesla pay package

India Today  

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the court ruling, Tesla shareholders met in June and …

Elon Musk loses $56 billion pay package in latest court ruling
3 months, 2 weeks ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
3 months, 2 weeks ago

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk

Associated Press  

— A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the original court ruling, Tesla shareholders met in …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 months, 2 weeks ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’
Top News
3 months, 3 weeks ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Live Mint  

A heated exchange erupted between tech billionaires Elon Musk and Jeff Bezos after Musk accused Bezos of advising people to sell Tesla and SpaceX stock, claiming Donald Trump would lose the US presidential election. The Amazon founder swiftly denied the allegations in a rare post on X, calling them “100% not true.” Musk’s Accusations Musk, known for his outspoken social …

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