World’s largest wealth fund to vote against Musk’s $56 billion Tesla pay package
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla Inc.’s eighth-largest shareholder said it will vote against next week’s planned shareholder vote to approve a $56 billion compensation package for Chief Executive Officer Elon Musk. Norway’s $1.7 trillion sovereign wealth fund, which has criticised excessive […]
Tiny Telo truck taking on giants like Tesla with big ambitions
Imagine a truck that’s compact enough to navigate city streets with ease, yet powerful enough to haul the gear you need for any outdoor adventure. That’s the vision of Telo, a company that’s rethinking the traditional pickup truck for the electric age. Telo has created an agile, powerful company focused on purpose-driven innovation that challenges […]
Elon Musk Sold $7.5 Billion in Tesla Stock Before Disappointing Quarter Went Public
Tesla CEO Elon Musk is facing a lawsuit alleging he illegally sold $7.5 billion worth of Tesla stock in the fourth quarter of 2022, knowing it would disappoint investors after the company promised a “great end to the year.” luck Reports In a lawsuit filed last week in Delaware court, shareholder Michael Perry accused Musk […]
Elon Musk had Nvidia send AI chips intended for Tesla to X and xAI
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Billionaire entrepreneur Elon Musk asks Nvidia to ship Artificial Intelligence (AI) CNBC reported on Tuesday that the chips destined for Tesla will be provided by social media platform X and AI startup xAI. CNBC reported: The company […]
Elon Musk diverts Nvidia AI chips booked for Tesla to X, xAI: report
Tesla CEO Elon Musk has instructed Nvidia to prioritize shipments of AI processors to its X and xAI companies over the electric car maker. CNBC reported: on tuesday. The news suggests Musk is prioritizing artificial intelligence-related developments outside Tesla and comes ahead of a key shareholder vote on his compensation package at the company. “Elon […]
Tesla and Elon Musk Fire Back at Institutional Investors in Argument over Massive Pay Package
Tesla Inc. and CEO Elon Musk are fighting back against institutional investors who voiced opposition to Musk’s $58 billion compensation package from 2018. Investors Business Daily Reports Electric-car giant Tesla and its CEO Elon Musk are locked in a fierce battle with institutional investors over Musk’s 2018 compensation package, now valued at about $45 billion. […]
Elon Musk accused of $7.5 billion insider trading in lawsuit from Tesla shareholder
Barron’s deputy editor Al Root joins Barron’s Roundtable panelists to discuss what U.S. automakers need to do to compete against a flood of cheap electric vehicles from China. Tesla CEO Elon Musk was accused of insider trading in a lawsuit filed by Tesla shareholders in Delaware Chancery Court on Thursday. Shareholder Michael Perry alleges in […]
Tesla recalls 125K vehicles from four models over safety issue
(NEXSTAR) – Tesla has announced a new recall to fix a potentially dangerous issue affecting seat belts. The recall affects more than 125,000 vehicles in four models, according to the National Highway Traffic Safety Administration (NHTSA). The seat belt warning system is supposed to give visual and audible signals if a driver isn’t properly fastened […]
Tesla recalls 125K vehicles over seat belt warning system
Federal safety regulators said Friday that Elon Musk’s Tesla will recall more than 125,000 vehicles in the United States to fix a flaw in the seatbelt warning system in some of its models. Affected Tesla vehicles experienced an issue where “seat belt warning lights and audible chimes may not operate as intended” when the driver […]
Elon Musk urges Tesla shareholders to vote on pay with special offer
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla CEO Elon Musk Tesla is encouraging shareholders to vote their shares by offering them the chance to win a private guided tour of the company’s Texas factory, as the company’s board of directors asks shareholders to […]