Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.
Tesla Inc. asked shareholders to vote again on the same $56 billion compensation package for Chief Executive Officer Elon Musk that was voided by a Delaware court early this year.
(Reuters) -Electric automaker Tesla on Wednesday asked shareholders to ratify billionaire Elon Musk's compensation that was set in 2018 under the CEO pay package, just months after a Delaware judge rejected it.
Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.
On Sunday, Elon Musk sent a memo to employees announcing that Tesla would be laying off "more than 10 percent" of its employees. That's according to a report from Electrek, which published a copy of the memo.
Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.
Electric automaker Tesla on Wednesday urged shareholders to vote in favour of a proposal to ratify billionaire Elon Musk's compensation under the CEO pay package, just months after a Delaware judge rejected his record-breaking $56 billion pay.
Tesla will ask its shareholders to vote to approve the 2018 pay package that made CEO Elon Musk among the world’s richest people but that a Delaware judge threw out earlier this year.
Tesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation briefly below $500 billion, as a round of job cuts this week underscored how much the company’s growth has slowed.
Tesla is asking shareholders to authorize a pay package for CEO Elon Musk that a Delaware court recently invalidated. The big picture: Delaware Chancery Court Chancellor Kathaleen McCormick ruled in January that Musk had not proven his $56 billion compensation deal was fairly approved.
Tesla stock was rising early Wednesday as the company planned to ask shareholders to vote again on Musk’s 2018 pay package as part of its 2024 preliminary proxy statement. Musk’s massive 2018 options grant,
Tesla asked investors Wednesday to “restore shareholder democracy” by ratifying CEO Elon Musk’s $56 billion pay package that was struck down by a Delaware judge in January. The plan was the largest executive compensation package in history and —briefly — made him the the world’s richest person.
Musk has now told workers that more than 10% of workers will lose their jobs, or at least 14,000 of Tesla’s 140,000 total employees, according to the leaked memo. Musk cited a d
Tesla is reportedly the latest company to lay off workers, and the number of employees axed is not pretty. A memo from Elon Musk to Tesla employees, received by CNBC Monday, said the company will reduce its headcount by more than 10% globally.
Tesla has been promising a $25,000 car to serve as the entry point for the brand. This is unlikely to ever happen, but Elon Musk continues to claim it’s totally real and absolutely coming any day now — even when Reuters says it’s dead.
Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.
Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $56bn pay package.
Since then, Tesla ads have showed up in places like Google search results, and on YouTube. Tesla has also paid X around $50,000 in 2023 and $30,000 through February 2024 for "commercial, consulting and support agreements.
Tesla has ended discounts on inventory across its electric vehicle lineup -- even as sales for EVs have flagged -- as part of a larger and vague plan by CEO Elon Musk to "streamline the whole Tesla sales and delivery system.
Tesla asked its investors to vote again on chief executive Elon Musk’s $56 billion pay package — a deal approved by shareholders in 2018, but which was voided by a Delaware court earlier this year. In a proxy filing Wednesday,
The Austin-based automaker's chair criticized the Delaware judge who rejected the compensation plan, calling it 'unfathomable,' unfair to shareholders.
Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.