Elon Musk loses $50 billion in 2 days in record wealth plunge amid contentious twitter poll
3 years, 2 months ago

Elon Musk loses $50 billion in 2 days in record wealth plunge amid contentious twitter poll

Hindustan Times  

Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row. Musk surpassed the Amazon.com Inc. founder for the title for the first time in January and the gulf between the two recently rifted as wide as $143 billion, a figure greater than the net worth of Bill Gates, the world’s fourth-richest person. Cathie Wood’s ARK Investment Management, whose funds have been selling shares in Tesla over the past few months, lost more than $750 million in Tuesday’s selloff, while Oracle Corp. founder Larry Ellison, the company’s second-largest individual shareholder, lost $2.1 billion. Tesla’s market capitalization has stayed above $1 trillion, a benchmark it hit last month after its third quarter results significantly beat market expectations and rental-car company Hertz Global Holdings Inc. placed an order for 100,000 Tesla cars.

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History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
1 week, 4 days 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 annual sales decline: 1.1% drop in 2024
1 week, 6 days 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 wealth jumps by $170bn since election day after he backed Trump with $277m
4 weeks, 2 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 …

Elon Musk’s net worth reaches historic peak. What is it?
1 month ago

Elon Musk’s net worth reaches historic peak. What is it?

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 world’s richest person became even richer Wednesday …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
1 month 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 net worth reaches historic peak. What is it?
Trending News
1 month ago

Elon Musk’s net worth reaches historic peak. What is it?

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 world’s richest person became even richer Wednesday …

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark
1 month ago

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark

Hindustan Times  

Elon Musk has set a record as the first person to exceed a net worth of $400 billion, as per the Bloomberg Billionaires Index. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion A recent insider share sale at SpaceX, his aerospace company, is estimated to have …

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
1 month ago

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale

Live Mint  

Elon Musk Net Worth: Elon Musk has made history by becoming the first individual to surpass a staggering net worth of $400 billion, according to the Bloomberg Billionaires Index. Elon Musk's net worth soared to an impressive $439.2 billion As Tesla shares hit a new high Wednesday, according to Bloomberg. Trump's Win and Musk's Stock Market Impact Elon Musk's $400 …

Elon Musk becomes first person to cross $400 billion in wealth
1 month 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
1 month 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 becomes the first person on earth to reach a net worth of $400 billion
1 month ago

Elon Musk becomes the first person on earth to reach a net worth of $400 billion

CNN  

New York CNN — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, …

Elon Musk loses $56 billion pay package in latest court ruling
1 month, 1 week 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 Is Now The Richest Person In History. Check Out His Net Worth
1 month, 3 weeks ago

Elon Musk Is Now The Richest Person In History. Check Out His Net Worth

ABP News  

Tesla CEO Elon Musk has officially become the wealthiest individual in history, according to Forbes. Tesla's Share In Musk's Wealth The Tesla stocks soared by 40 per cent following the US presidential election, reported Moneycontrol. This also included the latest rally of 3.8 per cent seen in the last trading session on Friday, which saw the firm’s shares climb to …

Elon Musk Becomes the Richest Person in History
Trending News
1 month, 3 weeks ago

Elon Musk Becomes the Richest Person in History

Deccan Chronicle  

Elon Musk has officially surpassed all previous wealth records, becoming the richest person in history. His net worth has surged to an all-time high, fueled by the ongoing success of his ventures such as Tesla, SpaceX, and X. Musk's wealth trajectory has outpaced even tech moguls like Jeff Bezos, who held the title of the world's wealthiest individual for several …

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month, 3 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, 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 …

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win
1 month, 3 weeks ago

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win

Firstpost  

Elon Musk current net worth is $334.2 billion, officially making him the world’s richest person. His wealth grew by about $70 billion since Donald Trump’s win in the 2024 US Presidential election, driven by a 40 per cent surge in Tesla shares Elon Musk has now officially become the wealthiest person in history with a net worth of $334.2 billion. …

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said
1 month, 3 weeks ago

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said

Hindustan Times  

Elon Musk recently accused Jeff Bezos of asking people to sell Tesla and SpaceX stock while claiming that Donald Trump would certainly lose the election. Elon Musk vs Jeff Bezos Tesla CEO Elon Musk was one of Donald Trump’s most vocal and visible campaigners during the run-up to the US presidential election. Musk, however, has accused fellow billionaire Jeff Bezos …

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win
1 month, 3 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, 3 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 …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
2 months 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, 1 week 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, 1 week 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 net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
2 months, 1 week 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 …

Trump made world's wealthiest top 10 richer by $64 bn with his election win
Trending News
2 months, 1 week ago

Trump made world's wealthiest top 10 richer by $64 bn with his election win

Firstpost  

Elon Musk, the world’s wealthiest person, saw the biggest jump, with his fortune rising by $26.5 billion to a total of $290 billion, according to a report The wealth of the world’s 10 richest individuals comprising mostly US tech billionaires saw a record surge following Donald Trump’s victory in the presidential election, according to a report. Elon Musk, the world’s …

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory
2 months, 1 week ago

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory

India Today  

Elon Musk’s net worth soared by a staggering $26 billion after Donald Trump’s recent victory in the US presidential election ignited a rally in Tesla shares. Musk, the world's wealthiest individual and an ardent supporter of Donald Trump became a focal point during Trump’s victory rally in Florida. Trump praised Musk in front of a massive crowd, hailing him as …

Elon Musk's net worth surges by over $16 billion after Trump win
Trending News
2 months, 1 week ago

Elon Musk's net worth surges by over $16 billion after Trump win

Raw Story  

Donald Trump's victory in the 2024 presidential election sent shares of Tesla surging as much as 15% Wednesday, propelled by CEO Elon Musk's prominent role in the Republican's White House campaign and expectations that the company will benefit from proposed tax cuts and a deregulatory blitz. Dan Ives, an analyst at Wedbush Securities, wrote in a note to clients Wednesday …

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day
2 months, 3 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, 4 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 …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
6 months, 1 week 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, …

Elon Musk once again richer than Mark Zuckerberg: Why latter lost $18 billion
8 months, 2 weeks ago

Elon Musk once again richer than Mark Zuckerberg: Why latter lost $18 billion

Hindustan Times  

Shares of Meta Platforms Inc. tumbled by 11% on Thursday, making Elon Musk, 52, overtake Mark Zuckerberg, 39. The two billionaires moved places earlier this month when the news broke that Tesla's car sales dropped in the three months leading up to March causing Mark Zuckerberg to overtake Elon Musk for the first time since 2020. The fight between the …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months, 4 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 …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 4 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
9 months 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 …

Battle of Billionaires: Mark Zuckerberg wealthier than Elon Musk, a first since 2020
9 months, 1 week ago

Battle of Billionaires: Mark Zuckerberg wealthier than Elon Musk, a first since 2020

Hindustan Times  

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Mark Zuckerberg and Elon Musk Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive …

Trump's net worth sinks $1 billion as Truth Social shares go into free fall: reports
9 months, 2 weeks ago

Trump's net worth sinks $1 billion as Truth Social shares go into free fall: reports

Raw Story  

Former President Donald Trump's net worth dropped a staggering $1 billion Monday after news of Truth Social's reported financial losses sent its stock into free-fall, according to multiple reports. Trump Media & Technology Group's disclosure of a $58 million net loss in 2023, with just $4.1 million in revenue, mean that Trump's stake in the company fell $4.89 billion to …

Elon Musk using his charity for tax breaks: ‘Helping his own businesses’
10 months ago

Elon Musk using his charity for tax breaks: ‘Helping his own businesses’

Hindustan Times  

Elon Musk, world’s second-richest person as per Forbes, heads SpaceX, Tesla and other companies while also controlling social media platform X. The billionaire also runs a charity with billions of dollars which has largely been “self-serving — making him eligible for enormous tax breaks and helping his businesses,” a report claimed. Elon Musk was required by law to ensure that …

Elon Musk's net worth tanks by a whopping $40 billion in 2024 amid Tesla's woes
10 months, 1 week 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 …

Jeff Bezos overtakes Elon Musk to become the richest person on earth
10 months, 1 week ago

Jeff Bezos overtakes Elon Musk to become the richest person on earth

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 Amazon founder’s worth is now $200bn, compared …

Elon Musk loses world's richest person title to Jeff Bezos
10 months, 1 week 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 overtakes Elon Musk as world's richest for the first time in three years as Amazon founder's net worth tops $200billion while Tesla creator's stumbles after $55.8billion compensation packag
10 months, 1 week ago

Jeff Bezos overtakes Elon Musk as world's richest for the first time in three years as Amazon founder's net worth tops $200billion while Tesla creator's stumbles after $55.8billion compensation packag

Daily Mail  

Jeff Bezos is back on top as the world's richest man for the first time in three years as his worth sits at $200billion and former No. At the same time, Tesla CEO and X chair Musk, 52, saw a judge rule in late January that he must hand back the biggest pay packet in corporate history, at $55billion, following …

Jeff Bezos topples Elon Musk to reclaim title of world’s richest man
10 months, 1 week ago

Jeff Bezos topples Elon Musk to reclaim title of world’s richest man

Al Jazeera  

Bezos has gained $23bn in 2024, while Musk has lost $31bn, according to the Bloomberg Billionaires Index. Jeff Bezos has dethroned Elon Musk to reclaim his title as the world’s richest man. The Amazon founder’s net worth currently stands at $200bn, topping the Tesla chief’s $198bn, the Bloomberg Billionaires Index showed on Tuesday. The billionaires’ wealth gains and losses closely …

Jeff Bezos discloses plan to sell 50 million Amazon shares as stock surges
11 months, 1 week 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 …

$56bn out of pocket and poorer than Jeff Bezos... don’t you feel sorry for Elon Musk?
11 months, 2 weeks ago

$56bn out of pocket and poorer than Jeff Bezos... don’t you feel sorry for Elon Musk?

The Independent  

Elon Musk is having a rollercoaster of a week. Yet Kathaleen McCormick, the first woman to lead Delaware’s Court of Chancery decided that the so-called “Superstar CEO” had dominated the process which led the board of directors to approve the award – which was more than 33 times larger than Musk’s last pay package. If the ruling sticks, Musk may …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
11 months, 2 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
11 months, 2 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 …

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 hit by first ever drop in annual profits amid electric car price war
11 months, 3 weeks ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

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