Tesla Financial News

The European Union has threatened to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers

Across the U.S., thieves have been targeting electric-vehicle charging stations, intent on stealing the cables, which contain copper wiring

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

Stocks that traded heavily or had substantial price changes on Monday: CrowdStrike, KKR rise; Huntington Bancshares, Tesla fall

The board of General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024

Tesla CEO Elon Musk criticized Apple on Tuesday through a post on X, sharing an Indian meme that took a dig at the tech giant. Musk's concerns centered on Apple's integration of OpenAI's ChatGPT into its features, highlighting potential data privacy violations.

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.

automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.

Elon Musk has congratulated caretaker Indian Prime Minister Narendra Modi for his party and alliance winning the 2024 Lok Sabha Elections in India,“Congratulations Narendra Modi on your victory in the world’s largest democratic elections!" Musk, the chief of Tesla and SpaceX, and owner of social media site X (formerly known as Twitter) wrote.He added that he looks forward to doing “exciting work" in the country, stating: “Looking forward to my companies doing exciting work in India."Track | Lok Sabha Election Results 2024 LIVE Updates hereAlso Read | Elon Musk puts off India visit to ‘later’, Internet says, ‘No rush! We’ll hold off on chai-samosa plans’Earlier in April this year, Musk had delayed his much anticipated visit to India due to “very heavy Tesla obligations". In an April 20 post on X, the billionaire wrote: “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year."At the time it was speculated that Musk was likely to announce nearly ₹3 billion worth of investment in the Indian market, primarily earmarked for the establishment of a new Tesla manufacturing facility in the country.Also Read | ‘Biggest loser’: US entrepreneur slams Elon Musk’s choice of China over India for Tesla manufacturing unitThe next week however, Musk was in China on April 28, Reuters reported.

Tesla and X owner Elon Musk has congratulated Narendra Modi on being elected as the Prime Minister of India for the third term. In a post on his X timeline, Musk said he looks forward to his companies doing exciting work in India.

The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for U.S. car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.

Nvidia threatens to dethrone Microsoft as the world's most valuable company, at least a few investors are betting its soaring shares will return to earth.

Japan Times reported.Amid growing labour shortages, Prime Minister Fumio Kishida's government is actively pursuing policies to promote the birth rate, including provision of financial aid to families, easier access to child care, parental leave, and more.In Japan, birth rates dropped to an all-time low in 2023. Therefore, it isn't uncommon for municipalities to hold matchmaking events, but it is quite rare for the government to create an app.To access the dating app, users must sign a letter stating they are willing to get married and submit documentation proving that they are legally single.Other requirements include a tax certificate slip to prove their annual salary.

barred India's Tesla Power from publishing advertisements with a Tesla trademark, after Elon Musk-led Tesla Inc. sued the Gurugram-based company for using its trademark. Tesla Inc.

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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.

Tesla, once the poster child of the growth investor and a conversation starter around cocktail parties, which is down around 60% from its highs as its growth trajectory becomes more opaque.Have you ever noticed how the best and shiniest seem to grab the most eyeballs, even in the business world? EV, AI, and space-related industries are some recent examples. High-growth industries attract many aspiring entrepreneurs, investors, and established companies.

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.