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 negotiations over the pay package. TESLA AND MUSK RESPOND Musk expressed his frustration on X, and said, “Shareholders should control company votes, not judges.” Elon Musk reacts to US court ruling on his pay package Tesla also criticised the ruling, calling it "wrong" and confirming plans to appeal.

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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: …

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

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 …

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 …

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 …

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's Tesla hits $1 trillion market value after Trump win
1 month, 2 weeks 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 …

Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US
Trending News
1 month, 2 weeks ago

Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US

Firstpost  

Elon Musk, after heavily backing Trump’s campaign, is set to lead a new government efficiency department in a Trump administration, promising drastic spending cuts and restructuring using his aggressive business style Representational Image.discussed setting up manufacturing facilities in Vietnam and sought advice on protecting intellectual property. Reuters Elon Musk, the world’s richest man, is positioned to have sweeping powers in …

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 beats $500m severance lawsuit by fired Twitter workers
5 months, 1 week ago

Elon Musk beats $500m severance lawsuit by fired Twitter workers

Al Jazeera  

The US judge said the federal law governing benefit plans did not cover the former employees’ claims. United States District Judge Trina Thompson in San Francisco, California ruled on Tuesday that the federal Employee Retirement Income Security Act governing benefit plans did not cover the former employees’ claims, and therefore she lacked jurisdiction. The case is one of many accusing …

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 is $29.9 billion poorer, biggest billionaire loser so far in 2024
5 months, 2 weeks 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 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 …

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” …

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package
6 months, 1 week ago

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package

News 18  

Tech billionaire Elon Musk on Thursday said that Tesla shareholders are voting to approve his $56 billion pay package and to move the electric vehicle maker’s legal home to Texas. The resounding endorsement by shareholders of unprecedented remuneration terms in US corporate history may alleviate worries about Musk’s tenure at Tesla, while bolstering the company’s position in challenging a court …

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’
6 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 …

Tesla stock jumps after Musk says shareholders backed pay package
6 months, 1 week ago

Tesla stock jumps after Musk says shareholders backed pay package

LA Times  

Tesla Inc. shares jumped after Elon Musk said shareholders voted “by wide margins” in favor of reapproving his compensation package and moving the company’s state of incorporation to Texas. Musk and Tesla’s board have spent the last two months rallying support for the measures, putting particular emphasis on the pay deal that made Musk eligible for as much as $55.8 …

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 …

Norwegian wealth fund to vote against Elon Musk's Tesla pay package
6 months, 2 weeks ago

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails 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 {{ …

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 …

Top proxy firm recommends against Elon Musk’s Tesla pay package
6 months, 3 weeks ago

Top proxy firm recommends against Elon Musk’s Tesla pay package

Live Mint  

Another top proxy firm is urging Tesla shareholders to vote against Elon Musk’s multibillion-dollar pay package. ISS said it was concerned that Tesla’s board was only offering shareholders an all-or-nothing option for the pay package. Tesla blasted Glass Lewis earlier this week after the firm recommended shareholders vote against Musk’s pay package. The firm recommended shareholders vote to re-elect 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 …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
7 months, 3 weeks ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

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. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

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 …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months 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 apologizes to Tesla employees: Sent ‘incorrectly low’ severance
8 months ago

Elon Musk apologizes to Tesla employees: Sent ‘incorrectly low’ severance

Hindustan Times  

Elon Musk, the CEO of Tesla, informed employees via internal email on Wednesday that the company sent out severance packages that were too low to a number of laid-off workers this week. Elon Musk arrives at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California. After the company’s decline in sales last year, …

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 …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week 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 …

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
9 months, 2 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 …

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