Elon Musk says ‘will not sell’ more Tesla stock for another 2 years
2 years ago

Elon Musk says ‘will not sell’ more Tesla stock for another 2 years

Live Mint  

Tesla Chief Executive Officer Elon Musk said on Thursday said that he will not sell any more Tesla shares for about two years. Recently a Bloomberg report stated that Musk's net worth tumbled $7.7 billion on Tuesday after Tesla Inc. shares had their steepest one-day loss since October. Prior to that, on 9 December, he had sold 19.5 million shares of the electric vehicle maker worth $3.95 billion days after he completed the $44 billion takeover of Twitter Inc. Musk had previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company's shares wallow at over two-year lows.

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History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
4 days, 19 hours 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 …

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 13 hours ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
1 week ago

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024

India Today  

For the first time since 2011, Tesla on Thursday reported an annual decline in global vehicle sales, sinking a stock that has soared since Donald Trump’s victory. Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases. The year-over-year global sales drop is Tesla’s first since 2011, according to figures from …

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington
2 weeks, 2 days ago

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington

Politico  

The billionaire tapped by Trump to co-chair the commission dubbed the “Department of Government Efficiency” embodies the Silicon Valley ethos of “move fast and break things,” more so even than Facebook founder Mark Zuckerberg, who made the motto famous in the first place. The SpaceX founder’s freewheeling, “if things are not failing, you are not innovating enough” approach — which …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 weeks, 3 days 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 …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
3 weeks, 6 days 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 becomes first person to cross $400 billion in wealth
4 weeks ago

Elon Musk becomes first person to cross $400 billion in wealth

India Today  

Elon Musk, the founder of SpaceX and CEO of Tesla, has become the first person in history to reach a net worth of $400 billion, according to the Bloomberg Billionaires Index. A recent insider share sale at SpaceX played a huge role in boosting Musk’s net worth, reported Bloomberg. Musk’s net worth surged to $447 billion, driven by both the …

Elon Musk becomes first person in history with $400 billion net worth
4 weeks, 1 day ago

Elon Musk becomes first person in history with $400 billion net worth

Hindustan Times  

SpaceX and Tesla CEO, Elon Musk, has become the first person in history to reach $400 billion in net worth, after a recent insider share sale as well as the recent US elections results, reported Bloomberg. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion According to …

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion
1 month ago

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion

Firstpost  

With an estimated valuation of $255 billion, SpaceX is already the most valuable private startup in the world. The potential sale would boost SpaceX’s valuation over $350 billion, which would place SpaceX among giants in the aerospace and technology sectors The potential valuation of $350 billion would put SpaceX on par with some of the largest publicly traded companies globally. …

SpaceX weighs tender offer at roughly $350 billion valuation
1 month ago

SpaceX weighs tender offer at roughly $350 billion valuation

Live Mint  

SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $350 billion, according to people familiar with the matter. The so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in the closely held SpaceX a way to generate liquidity amid …

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
1 month, 2 weeks ago

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale

Live Mint  

Can Elon Musk make a run at acquiring MSNBC? Musk, who hasn’t been shy about his criticisms of MSNBC, calling the network “utter scum of the Earth," fueled that story line in an exchange on X, the social-media platform he owns. “We are looking forward to the planned spin of our cable networks, which will create a new company owned …

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month, 2 weeks ago

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion

Live Mint  

The richest man in the world, Elon Musk, has gotten richer by another $80 billion compared to second richest person and Oracle chairman Larry Ellison, according to a Forbes report. Overall, the tech mogul added $7 billion to his net worth to reach $334.3 billion at market close on November 22, 2024 — much of the boost coming from Tesla, …

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’
Top News
1 month, 2 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 …

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win
1 month, 2 weeks ago

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win

Hindustan Times  

Elon Musk just can’t seem to stop breaking his own records. With a $70 billion boost to his net worth following Donald Trump’s win, Musk is now officially richer than anyone could have predicted—again. FILE - Tesla and SpaceX CEO Elon Musk, left, and President-elect Donald Trump attend a campaign event at the Butler Farm Show on Oct. 5, 2024, …

Elon Musk gets even richer after wealth hits all-time high post Trump win
1 month, 2 weeks ago

Elon Musk gets even richer after wealth hits all-time high post Trump win

India Today  

Elon Musk, the CEO of Tesla and SpaceX, has reached a new milestone in wealth, becoming the richest he has ever been. Following a surge in the stock prices of his companies and the growing valuation of his ventures, Musk’s net worth has climbed to an all-time high of $334.3 billion, according to Forbes. TESLA STOCK BOOSTS MUSK'S WEALTH The …

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month, 2 weeks ago

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'

India Today  

The rivalry between Tesla and SpaceX CEO Elon Musk and Amazon founder Jeff Bezos has once again come into the spotlight. Musk recently claimed on social media platform X, formerly Twitter, that Bezos had advised people to sell their Tesla and SpaceX shares, predicting Donald Trump's electoral defeat. In a post on X, Musk wrote, "Just learned tonight at Mar-a-Lago …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 4 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
2 months ago

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years

Hindustan Times  

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported. Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as …

Elon Musk’s net worth crosses $300 billion post Tesla’s 30 percent share surge
2 months ago

Elon Musk’s net worth crosses $300 billion post Tesla’s 30 percent share surge

Live Mint  

In the past five days after Republican candidate Donald Trump’s victory in the US presidential election, Tesla CEO Elon Musk's net worth crossed the $300 billion mark and his automaker’s shares skyrocketed over 30 per cent, according to Forbes’ Real-Time Billionaires list. Other billionaires and their wealth: According to the Forbes’ Real-Time Billionaires list, after Musk, Oracle’s Larry Ellison is …

Elon Musk’s net worth tops $300 billion in wake of Trump victory
2 months ago

Elon Musk’s net worth tops $300 billion in wake of Trump victory

Deccan Chronicle  

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.Musk has added more to his personal fortune since Trump’s win than anyone else tracked by the Bloomberg Billionaires Index. Trump also voiced support for …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla Mcap hits $1 trillion after CEO Elon Musk-backed Trump’s poll victory; Stock up 29% YTD
2 months ago

Tesla Mcap hits $1 trillion after CEO Elon Musk-backed Trump’s poll victory; Stock up 29% YTD

Live Mint  

Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, November 8, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for the Republican President-elect Donald Trump in his poll campaign. Tesla Mcap, stock price trend According to Forbes ' real-time billionaires list, Musk's wealth topped $300 billion. Tesla …

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
2 months ago

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win

Live Mint  

Tesla CEO Elon Musk’s wealth surged by $26.5 billion, over 12 per cent, to reach $290 billion shortly after Donald Trump secured a landslide victory in the US presidential election. According to the latest data from the Bloomberg Billionaire Index, Musk’s net worth jumped immediately on Wednesday, November 6, after the electoral victory of the Republican candidate. Elon Musk has …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
2 months ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Tesla shares soar pre-market as Trump hails 'genius' Musk
Trending News
2 months ago

Tesla shares soar pre-market as Trump hails 'genius' Musk

New Indian Express  

PARIS, France: Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius". "We have a new star, a star is born: Elon," Trump said, marvelling at Musk's SpaceX rocket and the deployment of the Starlink satellite internet service during Hurricane …

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion
2 months, 1 week ago

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion

Firstpost  

Tesla's stock soars on strong sales and cost-cutting, with the company's market value increasing by $150 billion in a single day. This impressive rally erases recent losses and alleviates concerns about Musk's focus on new ventures like Robotaxi. However, regulatory hurdles surrounding driverless ride-hailing services remain a potential roadblock to Tesla's ambitious plans.

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day
2 months, 2 weeks ago

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day

ABP News  

Elon Musk's net worth skyrocketed by $21 billion on Thursday as Tesla's stock surged by nearly 19%. The company's quarterly earnings report exceeded expectations, with a 17% profit increase and 8% revenue growth. Musk's lead over the second-richest individual has widened by $50 billion thanks to his substantial stake in Tesla. Tesla's focus on profitability and driverless technology is driving …

Elon Musk Net Worth 2027 Trillionaire World First
3 months, 3 weeks ago

Elon Musk Net Worth 2027 Trillionaire World First

ABP News  

Elon Musk, the eccentric billionaire CEO of Tesla, SpaceX, and owner of X, may be on the brink of becoming the world’s first trillionaire. Currently the wealthiest individual globally, with an estimated net worth of around $250 billion, Musk's financial trajectory suggests he could reach this unprecedented milestone by 2027, according to a report by Informa Connect Academy. Musk holds …

What next for Tesla shares? Why energy storage may decide its future
4 months, 1 week ago

What next for Tesla shares? Why energy storage may decide its future

Daily Mail  

There are various factors behind the poor performance in the shares of this member of the Magnificent Seven of tech. Chinese manufacturers, such as BYD and Geely, are challenging Tesla's dominance – especially in China, the world's largest EV market. BMW may hold on to this advantage following the imposition by the EU of a 9 per cent duty on …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
6 months ago

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024

Hindustan Times  

Elon Musk's net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes’ estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company's shareholders could raise Elon Musk’s fortunes. From December 31, 2023 to June 28, 2024, …

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong
6 months, 3 weeks ago

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong

LA Times  

Elon Musk won two big shareholder votes at Tesla on Thursday, but that may not be good for Tesla shareholders. No one who has followed the career of that famously self-effacing and modest business leader Elon Musk could have expected him to boast openly about having secured approval from Tesla shareholders for two important initiatives: moving the company’s state of …

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
6 months, 3 weeks ago

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

Hindustan Times  

* Musk wins pay approval but still faces Tesla's floundering stock and rich valuation Shareholders re-approve controversial pay package * Tesla's stock rises nearly 3% on Thursday, remains down 27% in 2024 * Market cap remains by far the highest among automakers By Noel Randewich June 14 - Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 3 weeks ago

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Al Jazeera  

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. The shareholders’ vote does not necessarily mean Musk will receive the pay package but could bolster Tesla’s appeal against the Delaware ruling against the deal. Under the terms of his 2018 pay deal, Musk agreed to be paid stock worth about 1 percent of Tesla’s …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
6 months, 3 weeks ago

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

NPR  

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote toggle caption Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months, 2 weeks ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months, 2 weeks ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
8 months, 2 weeks ago

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

NPR  

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis Enlarge this image toggle caption Ebrahim Noroozi/AP Ebrahim Noroozi/AP After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months, 3 weeks ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

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. The price cuts caused used electric vehicle values …

Elon Musk now wants Tesla investors to approve his $56 billion 2018 salary
8 months, 3 weeks ago

Elon Musk now wants Tesla investors to approve his $56 billion 2018 salary

Hindustan Times  

Tesla Inc. will have shareholders vote again on its compensation package for Elon Musk after a Delaware court voided the $56 billion award arranged for the chief executive officer in 2018. In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. Tesla Chair Robyn Denholm …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 3 weeks ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

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 Electric vehicle powerhouse Tesla …

Tesla to slash more than 10% of its global workforce
8 months, 3 weeks ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Why Tesla’s electric car bubble is threatening to burst
9 months, 1 week ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

Elon Musk's net worth tanks by a whopping $40 billion in 2024 amid Tesla's woes
10 months ago

Elon Musk's net worth tanks by a whopping $40 billion in 2024 amid Tesla's woes

Hindustan Times  

Elon Musk's net worth has tanked by almost $40 billion this year, according to Bloomberg Billionaire's Index. Tesla CEO Elon Musk He is currently in third spot, behind Louis Vuitton boss Bernard Arnault and Amazon's Jeff Bezos. In another development, Musk said X will launch a smart TV app for Amazon and Samsung users to make long form videos available …

Elon Musk loses world's richest person title to Jeff Bezos
10 months ago

Elon Musk loses world's richest person title to Jeff Bezos

Hindustan Times  

Elon Musk has been dethroned as the world's richest man for the first time in nine months. Elon Musk has now slipped to the second position on the Bloomberg Billionaire Index, losing the top spot to Amazon founder and former CEO Jeff Bezos. Elon Musk is no longer the richest person in the world Elon Musk lost a significant amount …

Jeff Bezos discloses plan to sell 50 million Amazon shares as stock surges
11 months ago

Jeff Bezos discloses plan to sell 50 million Amazon shares as stock surges

Hindustan Times  

Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person. Founder, Chairman, CEO and President of Amazon Jeff Bezos The disclosure comes after Amazon reported its best online sales growth since early in …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
11 months, 1 week ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout
11 months, 1 week ago

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk may lose his position as the world’s richest person after a …

Tesla valuation drops by $80 billion after Elon Musk's sales warning
11 months, 2 weeks ago

Tesla valuation drops by $80 billion after Elon Musk's sales warning

Hindustan Times  

Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Elon Musk warned that global Tesla sales might hit a slump Musk said on Wednesday that growth would be …

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024
11 months, 2 weeks ago

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Associated Press  

Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower” than the 2023 growth rate, …

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