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Tesla shareholders are charting the future of the electric vehicle company Thursday as they wrap up voting whether or not to restore CEO Elon Musk’s massive pay package that was thrown out by a Delaware judge

Musk's long-term commitment to Tesla amidst ongoing legal challenges. Notably, the vote comes amidst a backdrop of shareholder concerns and legal disputes surrounding the initial 2018 pay package, recently invalidated by a Delaware court.

Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, Musk said on social media platform X on Wednesday, adding that passage was by wide margins. A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan, which at the time was the largest in U.S. corporate history, saying the board was «beholden» to CEO Musk.

Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return "unlawful profits." The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk's $56 billion pay package, after a Delaware judge voided it in January because she found that Musk had improperly controlled the process.

If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of this other companies

Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday

Also Read | Why FMCG and consumption sectors should be on your radar as Modi 3.0 takes charge The Tesla chairperson said Musk may decamp to “other places" without proper motivation. “Nor does he face any shortage of ideas and other places he can make an incredible difference in the world.

Joyce Fleming and Greg Piazza discuss returning to the workforce due to rising costs.

Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment

Also read | Byju’s woes worsen as Rajnish Kumar, Mohandas Pai to step down from advisory panelIn February, a day after the company’s key investors initiated moves to oust co-founder and CEO Raveendran, Alpha Inc. filed for bankruptcy after defaulting on the debt of $1.2 billion.

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Samsung has sued Finnish startup Oura to preempt potential intellectual property disputes ahead of the highly anticipated launch of the Galaxy Ring. The lawsuit, reported by The Verge, suggests that Oura’s history of aggressive patent enforcement against smaller wearable tech competitors could extend to Samsung, in the near future.

Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended shareholders to vote against the proposal.

WILMINGTON, Del.—On a Friday evening in October 2018, Hunter Biden rolled up in a black Cadillac to StarQuest Shooters & Survival Supply in the Delaware city where he had been born and raised. A salesman standing in the window didn’t initially recognize him as the son of the state’s longtime Democratic senator, now-President Joe Biden, and would later recall declining a tip from the younger Biden as he purchased a .38-caliber Colt Cobra revolver. There will be no mistaking Hunter Biden on Monday when he appears in federal court for his criminal trial on charges stemming from that 2018 purchase.

Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public.Shareholder Michael Perry, in the lawsuit filed in Delaware Chancery Court, said that Tesla's share price plummeted after the company's fourth-quarter numbers were made public on Jan. 2, 2023, and claimed that Musk "improperly benefited" by about $3 billion in insider profits.Also Read | Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley ‘hid’ detail, says shareholder lawsuit"Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla," the lawsuit said, asking the court to direct Musk to return the profits made from the trades.According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022.The lawsuit also accused Tesla's directors of breaching their fiduciary duty by allowing Musk to sell the shares.Also Read | Proxy advisor ISS urges Tesla shareholders to reject Elon Musk’s $56 billion compensation planMusk and Tesla did not immediately respond to a Reuters request for comment.In the lawsuit, Perry said Musk - who in 2022 said demand for Tesla's vehicles was "excellent" - found out about the lower-than-expected numbers mid-November, with his access to real-time data, and sold his shares before the information was public.Following news of vehicle price discounts that sparked demand concerns and the release of the numbers in January, Tesla's stock tanked."Had (Musk) waited to make these sales until after the release of material adverse news,...

Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he sold more than $7.5 billion in stock in 2022, a shareholder in the electric vehicle maker claimed in a lawsuit. 

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge

Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board.ISS said the pay package, initially approved by shareholders in 2018, is not considered warranted. The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan.“The award value was considered outsized from the start and it has failed to accomplish certain of the board’s stated objectives from 2018," ISS said.

Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million

Discount retailer Dollar Tree is planning to reopen some 99 Cents Only stores that have closed, rebranding them and filling them with their own products

Bloomberg reported.Also Read |Awfis Space Solutions IPO listing date today. GMP, experts signal strong debut of sharesIn a letter titled “What Glass Lewis Got Wrong About Tesla", the electric vehicle maker accused the adviser of omitting key considerations, using faulty logic, and relying on speculation and hypotheticals.