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 […]
Tesla shareholders advised to reject Musk’s $56 billion pay
Proxy advisory firm Glass Lewis said Saturday it has urged Tesla shareholders to reject a $56 billion compensation package for CEO Elon Musk that, if passed, would be the largest ever for a CEO of a U.S. company. The report cited the “excessive size” of compensation agreements, dilutive effects upon exercise and concentrated ownership as […]
Tesla shareholders urged to reject reinstating Elon Musk’s $56B pay package
Jeff Sica of Circle Squared Alternative Investments weighed in on big tech earnings at Varney & Co. and spoke about Tesla stock. Tesla shareholders are expected to vote on reinstatement this week CEO Elon Musk A $56 billion compensation package that was invalidated by a Delaware judge earlier this year is being urged to be […]
Tesla CEO Elon Musk opposes tariffs on Chinese EVs
In an interview with Barney & Company, Diana Ferchtgott Ross, an economist at the Heritage Foundation, argued that Biden’s tariffs on Chinese-made EVs don’t go far enough to protect the domestic auto industry. Tesla CEO Elon Musk said Thursday he opposes government tax incentives for electric vehicle (EV) purchases and tariffs on Chinese-made EVs or […]
Stocks making the biggest moves midday: Target, Urban Outfitters, Tesla, Shopify and more – CNBC
Check out the companies that made headlines during the day: Target — The retailer’s stock fell more than 7% following poor first-quarter results, with sales down 3% year-over-year. It was emphasized that. Analog Devices — The chipmaker’s stock soared more than 8% after its second-quarter results beat analysts’ expectations. Massachusetts-based Analog reported adjusted earnings per […]
Car rental company charging customers for Tesla ‘refills’
Customers at one of the nation’s largest car rental companies are feeling the pain of paying hundreds of dollars in free fuel just to rent a Tesla and then being denied a refund. Hertz, which recently announced plans to unload 30,000 used Teslas, was accused of charging customers nearly $300 in “skip the pump” fees […]