Tesla Financial News

18.06 / 06:05

Provident Reuters CEO Tesla awards reports International Musk plans stock option grants to Tesla's high-performers: Report

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

17.06 / 12:37

markets Extreme Mobile Tesla wellness Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

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17.06 / 11:39

markets CEO Tesla awards Broadcom information Courts How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison

17.06 / 09:01

COST UPS FIVE Manufacturing Tesla European Commission country reports Diversion ahead? For Chinese EVs, the road may fork out to India

electric vehicles (EVs) made by Chinese companies now stare at a road bump in Europe as the European Union (EU) last week decided to hike tariffs on Made-in-China EVs. The EU decision follows a scare in the Western world about China flooding it with state-subsidised EVs. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S.

17.06 / 08:47

Digital security Tesla Election rights Investigations rowing EVM row: ‘So Tesla can be hacked’, says Rajeev Chandrasekhar on Elon Musk's ‘anything can be hacked’ claim

ANI, “While I respect Elon Musk and what he has achieved. I think he is factually incorrect in saying that anything can be hacked.

14.06 / 17:03

Software Parke Tesla Highways Death Traffic Investigations Tesla driver tells police he was using 'self-drive' system when his car hit a parked police vehicle

A Tesla apparently operating on one of the company’s automated driving systems crashed into a parked police vehicle Thursday near Los Angeles, narrowly missing an officer who was managing traffic at another crash

14.06 / 16:35

Reuters CEO Tesla Opinion performer Courts rights Vanguard switched from anti stance to help push Musk’s pay package

A shift in opinion by Vanguard, Tesla’s largest outside investor, played a pivotal role in passing a record-setting pay arrangement for CEO Elon Musk during the company’s annual meeting on Thursday, according to Reuters.

14.06 / 13:49

markets Tesla Trade country Elon Musk's $56 bn pay: If Tesla chief was an Indian firm, he’d have been bigger than Tata Motors, SBI & TCS in revenue

Elon Musk’s historic $56 billion pay package. If the tech billionaire was an Indian company, he would have been ranked the fifth largest on the list of major corporations in India by revenue. On Thursday, the electric vehicle manufacturer’s board approved Musk’s $56 billion pay package, supporting his leadership and incentivising his focus on the auto giant.

14.06 / 13:13

UPS CEO Tesla information gatherings Courts Elon Musk’s record US$44.9B pay package backed by Tesla shareholders

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record US$44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker.

14.06 / 12:13

Twitter Action Tesla reports Department rights International Australian Elon Musk's X demands return of overpaid funds from ex-Australian employees: Report

legal actions to reclaim these overpayments, which arose due to a currency conversion error from US dollars to Australian dollars. Internal communications from X's Asia Pacific HR department reveal that the overpayments, which occurred in January 2023, ranged from $1,500 to $70,000 per individual.These payments were linked to a 'deferred cash compensation' plan tied to employee shares initially priced at $54.20 USD each, the amount Elon Musk paid when he acquired Twitter in 2022.

14.06 / 08:43

Waters Action Sustainability Tesla information reports Paytm job cuts: Employees allege forced resignations, no severance pay, informal processes & more, says report

Union Budget 2024 likely on July 22, Economic Survey on July 3, says report"I started crying at the meeting. I told them that I was willing to work even at a lower salary and designation," a Paytm employee told the paper, adding that HR execs contacted him late in May and informed him that his role would be terminated due to organisational restructuring.

14.06 / 02:47

UPS SEC CEO security Tesla social Courts Elon Musk wins back his huge Tesla payday in shareholder vote

Tesla shareholders on Thursday voted to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced. The favorable vote doesn't mean CEO Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court for months as Tesla appeals the rejection.

14.06 / 02:47

UPS Platform Tesla awards PayDay social Elon Musk's friends and fans applaud shareholder vote on his payday

Tesla shareholders reaffirmed a pay award worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company's annual meeting in Austin, Texas, Musk posted the news on X, his social media platform. «Both Tesla shareholder resolutions are currently passing by wide margins!» he wrote in a post late Wednesday. «Thanks for your support!!»

14.06 / 02:35

UPS CEO Platform Tesla show social Courts Shareholders have okayed move: Musk

Tesla shareholders were voting in favor of a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, the CEO said on social media on Wednesday. «Thanks for your support!» Musk said on his social media platform X late Wednesday. In his post, Musk included charts showing that the resolutions were set to pass, though shareholders are allowed to change their vote up to the start of the annual meeting.

14.06 / 02:35

markets Tesla Broadcom show reports rowing Nasdaq, S&P 500 post all-time closing highs for 4th day as tech boosts

Nasdaq registered record closing highs for a fourth session in a row on Thursday as technology shares extended their recent rally. The number of Americans filing new claims for unemployment benefits increased last week and another report showed producer prices unexpectedly fell in May, helping to keep alive hopes that an interest rate cut by the Federal Reserve may be on the horizon.

13.06 / 19:33

UPS CEO Strategy MicroStrategy Tesla Bitcoin MicroStrategy To Buy More Bitcoin, Plans to Raise $500 Million

MicroStrategy (MSTR) is looking to add more bitcoin (BTC) to its stash, and is raising $500 million in debt to facilitate the purchase, along with other corporate purposes, the company announced Thursday.

13.06 / 18:17

UPS SEC CEO security Tesla social Courts Shareholders are charting Tesla's future as voting on CEO Elon Musk's pay package comes to a head

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

13.06 / 14:19

markets Tesla wellness Trade Courts rights Tesla investors give nod to record $56 billion pay package for Elon Musk

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.

13.06 / 05:31

UPS Twitter CEO Platform Tesla social Courts Elon Musk says Tesla shareholders voting yes for his $56 billion pay package

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.

13.06 / 03:45

markets COST UPS Manufacturing Tesla Trade European Commission Investigations Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The European Union is moving to hike tariffs on electric vehicles made in China

12.06 / 22:55

UPS Tesla community Photos information reports Investigations Parents, grandparents of missing 8-month-old arrested as search continues

Police in Kentucky have been searching nearly a week for a missing eight-month-old baby who is believed to have been abandoned by her parents.

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