Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package
2 weeks, 6 days ago

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

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 A Delaware judge has rejected Tesla's bid to ram through a humongous pay package for its CEO Elon Musk after striking it down once already earlier this year. Judge Kathleen McCormick ruled in January that the proposed $56bn bonanza originally offered by Tesla's board had violated shareholders' rights because the entire "negotiation" process was effectively controlled by Musk. McCormick also rejected an equally massive and unprecedented bid by the plaintiff's lawyers to receive their legal fees in the form of $5.6bn in Tesla stock, which McCormick described as "a bold ask". Musk agreed, declaring that "shareholders should control company votes, not judges" while sharing a social media post by investor Cathie Wood that lambasted McCormick as an "activist judge".

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History of this topic

Why Elon Musk should get every cent of his $56bn Tesla pay package
6 days, 7 hours 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: …

Why Elon Musk should get every cent of his $56 billion pay package
2 weeks, 2 days 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
2 weeks, 5 days 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
2 weeks, 5 days 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?
2 weeks, 5 days 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?
2 weeks, 6 days 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
2 weeks, 6 days 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 …

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package
Trending News
2 weeks, 6 days 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
2 weeks, 6 days 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 …

Elon Musk loses $56 billion pay package in latest court ruling
2 weeks, 6 days 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 …

Elon Musk's $56 billion Tesla pay rejected by US court again
2 weeks, 6 days 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 …

US judge denies request to restore Elon Musk's $56 billion Tesla pay package
2 weeks, 6 days 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 …

Musk’s $101bn Tesla pay package again rejected by US judge
2 weeks, 6 days 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 …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 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 is sued over $1 million election giveaway
1 month, 2 weeks ago

Elon Musk is sued over $1 million election giveaway

Live Mint  

By Jonathan Stempel Nov 5 - Elon Musk was sued in a proposed class action on Tuesday by registered voters who signed his petition to support the Constitution for a chance to win his $1 million-a-day giveaway, and now claim it was a fraud. The complaint filed by Arizona resident Jacqueline McAferty in the Austin, Texas federal court said Musk …

Tesla CEO Wins Court Battle Over Social Media Post
1 month, 3 weeks ago

Tesla CEO Wins Court Battle Over Social Media Post

India TV News  

Tesla CEO Elon Musk was relieved in a court case related to his 2018 social media post. The case involved a tweet made on what was then known as Twitter during United Auto Workers organising efforts at a Tesla facility in Fremont, California. Musk tweeted against United Auto Workers, saying that he would vote against the union if they threatened …

Elon Musk, Tesla win dismissal of Dogecoin ‘pyramid scheme’ lawsuit, US judge says posts ‘aspirational, not factual’
3 months, 3 weeks ago

Elon Musk, Tesla win dismissal of Dogecoin ‘pyramid scheme’ lawsuit, US judge says posts ‘aspirational, not factual’

Live Mint  

Tech billionaire Elon Musk and his auto company, Tesla, won the dismissal of a lawsuit that accused them of misleading social media followers and creating a $258 billion "pyramid scheme" for the meme cryptocurrency Dogecoin, Bloomberg reported. He held that Musk’s statements on social media were “aspirational” rather than “factual and susceptible to being falsified” and “no reasonable investor could …

Judge with Tesla stock recuses from Elon Musk’s X lawsuit
4 months, 1 week ago

Judge with Tesla stock recuses from Elon Musk’s X lawsuit

Raw Story  

A judge who owns stock in Tesla has recused himself from a lawsuit involving Elon Musk's social media site X, court documents show. As an NPR report recently revealed, U.S. Federal Court Judge Reed O’Connor has been overseeing a number of lawsuits involving Musk and ruling in his favor. The lawsuit in question revolves around Musk's efforts to sue liberal …

Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers
5 months, 2 weeks ago

Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers

Associated Press  

— A Delaware judge heard arguments Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla stockholder who challenged Musk’s 2018 compensation package are asking Chancellor Kathaleen St. Jude McCormick to award them legal fees …

Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case
5 months, 2 weeks ago

Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case

The Hindu  

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is "outlandish," the latest twist in a legal showdown over Musk's $56 billion pay package. Tornetta owned nine shares of Tesla when he sued over Musk's pay package of stock options in …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 1 week ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 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 world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote
6 months, 1 week ago

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote

News 18  

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 on Musk’s pay weren’t immediately announced, but the company said shareholders voted for Musk’s compensation plan, which initially was …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 1 week 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 …

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package
6 months, 1 week ago

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package

LA Times  

Tesla shareholders 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. Tesla shareholders voted Thursday to restore Chief Executive 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 …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
6 months, 1 week 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 …

Elon Musk vows Tesla investors will approve his record £44bn pay deal
6 months, 1 week ago

Elon Musk vows Tesla investors will approve his record £44bn pay deal

Daily Mail  

Elon Musk declared victory last night ahead of a vote by Tesla shareholders on his record £44billion pay package. Record pay: Tesla boss Elon Musk said investors were set to approve his £44bn package Influential proxy advisers, Institutional Shareholder Services and Glass Lewis, opposed the deal and Tesla’s eighth-largest shareholder, Norway’s sovereign wealth fund, came out against the package. Dan …

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
6 months, 1 week ago

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package

Associated Press  

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 world’s largest electric vehicle maker. After the votes were announced, Musk began telling shareholders about new developments in the company’s “Full Self-Driving” …

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
6 months, 1 week ago

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
6 months, 3 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package

Associated Press  

DETROIT — A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. ISS said in its recommendations on Tesla’s proxy voting items that Musk’s stock-based package was outsized when it was approved by shareholders in 2018, and it failed to accomplish board …

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package
6 months, 3 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package

LA Times  

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. A second shareholder advisory firm has come out against reinstating a pay package for Tesla Chief Executive Elon Musk that was voided earlier this year by a Delaware judge. ISS said in …

Group of Tesla shareholders ask investors to vote against Musk’s compensation package
7 months ago

Group of Tesla shareholders ask investors to vote against Musk’s compensation package

Associated Press  

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it’s not in the electric vehicle maker’s best interest. The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, said in a letter to shareholders that ratification of …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
7 months, 3 weeks ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
7 months, 3 weeks ago

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla

Associated Press  

WASHINGTON — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. The case stems from messages Musk posted on Twitter in 2018 in which he claimed he had secured …

Elon Musk now wants Tesla investors to approve his $56 billion 2018 salary
8 months 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 asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
8 months ago

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Associated Press  

DETROIT — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. Delaware courts, he said, “want the corporations to disclose and let the shareholders decide.” Musk may not see much legal benefit from moving Tesla’s corporate …

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
9 months, 3 weeks ago

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

Associated Press  

— The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees. “We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because …

Why has a court blocked Elon Musk’s $56bn Tesla pay?
10 months, 3 weeks ago

Why has a court blocked Elon Musk’s $56bn Tesla pay?

Al Jazeera  

A Delaware judge has scrapped a $55.8bn compensation package for Tesla boss Elon Musk after years of legal arguments about his pay. Here’s what we know about Musk’s pay deal and why it was controversial: What was in Musk’s Tesla pay package? The deal awarded Musk stock worth about 1 percent of Tesla’s equity each time the company achieved one …

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?
10 months, 3 weeks ago

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?

Associated Press  

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” Chancellor Kathaleen St. Jude McCormick called the package “the …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
10 months, 3 weeks 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
10 months, 3 weeks 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 …

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed
10 months, 3 weeks ago

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed

LA Times  

Elon Musk may be learning the hard way that his streak of always having things his own way is coming to an end. If McCormick’s blockbuster 201-page order in the lawsuit brought by a Tesla shareholder survives a likely appeal to the Delaware Supreme Court, Musk would have to give up the options on nearly 304 million shares that the …

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla
10 months, 3 weeks ago

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla

India TV News  

A Delaware judge tossed out Elon Musk's record-breaking USD 56 billion Tesla TSLA.O pay package on January 30, calling the compensation granted by the EV maker's board "an unfathomable sum" which was unfair to the shareholders. Kathaleen McCormick of Delaware's Court of Chancery wrote: "Swept up by the rhetoric of 'all upside,' or perhaps starry eyed by Musk’s superstar appeal, …

Elon Musk pay package from Tesla denied by Delaware judge
10 months, 3 weeks ago

Elon Musk pay package from Tesla denied by Delaware judge

Associated Press  

— Elon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” AP AUDIO: Elon Musk cannot keep Tesla pay package worth more than $55 …

Delaware Supreme Court upholds judge’s finding that Tesla acquisition of Solar City was fair
1 year, 6 months ago

Delaware Supreme Court upholds judge’s finding that Tesla acquisition of Solar City was fair

Associated Press  

— Delaware’s Supreme Court has upheld a judge’s decision in favor of Tesla CEO Elon Musk in a lawsuit challenging the electric car maker’s $2.4 billion acquisition of a solar panel company founded by two of his cousins. The court on Tuesday rejected arguments from a group of Tesla shareholders that a Chancery Court judge erred in finding that Tesla’s …

Musk’s ‘Funding secured’ tweet cost Tesla investors $12 billion, jury told
1 year, 10 months ago

Musk’s ‘Funding secured’ tweet cost Tesla investors $12 billion, jury told

LA Times  

Elon Musk has argued in court that his tweeted claim to have “funding secured” to take Tesla private at $420 per share was “absolutely truthful.” Tesla investors lost $12 billion over 10 days as a result of Elon Musk’s famous tweet in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over …

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla
1 year, 11 months ago

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding …

Elon Musk's next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk's next drama: a trial over his tweets about Tesla

The Hindu  

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Mr. Musk's tweets back then fuelled a rally in Tesla's stock price that abruptly ended a week later, after it became apparent that he didn't have the funding for a buyout after all. …

Elon Musk’s next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk’s next drama: a trial over his tweets about Tesla

Associated Press  

SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding for a buyout …

Investors Mock Elon Musk's Bid To Move Trial Over Tesla Tweet To Texas
1 year, 11 months ago

Investors Mock Elon Musk's Bid To Move Trial Over Tesla Tweet To Texas

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California. But in a Wednesday filing, the Tesla shareholders’ attorneys asserted there aren’t any legal grounds to move the upcoming …

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