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Delaware Judge Upholds Ruling that Voids Elon Musk’s $56 Billion Tesla Pay Package

Tesla CEO Elon Musk received a record $56 billion payout in 2018 after a Delaware judge upheld a previous ruling that the compensation plan was improperly awarded. lost its bid to restore its remuneration package. CNBC report In a significant setback for Tesla CEO Elon Musk, Chancellor Kathleen McCormick of the Delaware Court of Chancery […]

Judge reaffirms ruling invalidating massive Tesla pay package for Musk

A Delaware judge on Monday again blocked Elon Musk's multibillion-dollar compensation package from Tesla. The controversial compensation deal, currently worth more than $100 billion, was re-approved by Tesla shareholders in June. But Delaware Chancellor Judge Catherine McCormick declined to overturn an earlier decision invalidating the pay package. “A large and powerful defense industry group has […]

Tesla Faces Backlash from Leftist Customers Outraged by Elon Musk’s Politics

In left-wing strongholds like Seattle, Washington, driving a Tesla has become a politically reprehensible act, driven by CEO Elon Musk's conservative rhetoric and support from Republican Donald Trump. It has become. Fanatic Democrats who once thought they were saving the world by driving Tesla EVs now feel betrayed by Mr. Musk. of seattle times report […]

Elon Musk’s $56B Tesla pay rejected again by Delaware judge

A Delaware judge ruled Monday that Tesla CEO Elon Musk is still entitled to $56 billion in compensation, even though the electric car company's shareholders voted in favor of reinstatement. The court ruled that there was no such thing. The ruling by Court of Chancery Judge Kathleen McCormick follows a January ruling that struck down […]

Elon Musk’s $56bn Tesla pay package rejected again by US judge | Elon Musk

A Delaware judge ruled Monday that Tesla CEO Elon Musk is still not entitled to $56 billion in compensation, even though the electric car company's shareholders voted in favor of reinstatement. handed down a judgment. The ruling, by Chancellor Court Judge Kathleen McCormick, follows a January ruling that struck down the pay package as excessive, […]

3 teens killed in Tesla Cybertruck crash ID’d; speeding probed as possible cause

Three California teens killed in a fiery Tesla Cybertruck crash on the eve of Thanksgiving were identified Friday as longtime friends of a Bay Area college student. Officials made the announcement as police investigate whether speeding played a role in the stomach-churning crash. College sophomores Jack Nelson, Soren Dixon and Krista Tsukahara, all 19, who […]

Three killed in fiery Tesla Cybertruck crash in San Francisco

Three recent high school graduates were killed and one was seriously injured when a Tesla Cybertruck traveling at high speed crashed and burst into flames in California. Shortly after 3 a.m. Wednesday, the four friends were driving their futuristic-looking electric car home from an event in Piedmont when the car “jumped a curb and crashed […]

Biden administration loans $6.6B to struggling Tesla rival Rivian

Shares of the struggling electric car maker that competes with Tesla have soared this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced Tuesday that it will provide Rivian with a $6.6 billion loan to build a $5 billion electric vehicle factory in Georgia that the company […]

Gavin Newsom’s Proposed California EV Credit Would Exclude Elon Musk’s Tesla

California Governor Gavin Newsom's (D) proposal to offer rebates to electric car buyers if President Donald Trump eliminates federal subsidies for EVs would exclude Elon Musk's Tesla from the program. That will happen. bloomberg report In a move that could increase tensions between California Gov. Gavin Newsom (D) and Elon Musk, Tesla electric vehicles will […]