The Delaware Supreme Court made its ruling in the fight over Tesla CEO Elon Musk’s $55 billion pay package from 2018, reversing the Court of Chancery’s decision and reinstating the pay package. But the Court still penalized Musk $1 plus attorney’s fees due to the award’s unfairness. The ruling is the latest and likely last … Continue reading “Delaware Court reinstates Musk’s $55B pay package, penalizes him $1 instead”
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Key Highlights of Tesla’s Optimus Robot Optimus is a human-shaped robot built by Tesla to perform lifting, carrying, and other physical work. Elon Musk says Optimus could one day help reduce poverty by taking over most manual labor. The robot stands about as tall as an adult person and walks on two legs like a … Continue reading “Elon Musk Says Tesla’s Optimus Could ‘Eliminate Poverty’ After Record $1 Trillion Pay Approval – iShook Finance”
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AUSTIN, Texas — Tesla shareholders have approved Elon Musk’s record-breaking compensation plan, a package that could reach nearly $1 trillion in stock awards if the automaker hits a series of steep performance targets. The vote represents one of the largest pay approvals in corporate history and reaffirms investor confidence in Musk’s leadership as Tesla seeks … Continue reading “Elon Musk Wins Shareholder Approval for $1 Trillion Tesla Pay Plan – iShook Finance”
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Tesla Chair Robyn Denholm has warned investors that Elon Musk could step away from Tesla if his proposed $1 trillion performance-based compensation plan is rejected at the upcoming shareholder meeting. In a letter sent Monday, Denholm said Musk’s leadership remains essential to Tesla’s growth and that the plan is designed to secure his long-term commitment … Continue reading “Elon Musk May Quit Tesla if $1 Trillion Pay Plan Fails – iShook Finance”
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Key Points Tesla shareholders are voting this week on Elon Musk’s $50 billion pay package. The plan would restore Musk’s stock options and raise his stake in Tesla. CalPERS and Norway’s sovereign wealth fund have opposed the proposal. The meeting also includes a proposed AI partnership with Musk’s xAI venture. … Continue reading “Can Musk Become a Trillionaire? Tesla Investors Split Over $50 Billion Pay Deal – iShook Finance”
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Electricity distributor UK Power Networks and Falco Construction, an English multi-utility contractor, are trialing electric diggers for underground work in London. Falco is currently deploying two of the diggers, and hopes to eventually replace all of its 120 diesel-powered excavators with the zero-emission Takeuchi TB20e mini-excavators, which would “directly remove over 200 tonnes of carbon … Continue reading “Electric excavators in London are so quiet, a “nervous dog” would pay them no heed”
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The judge ruling over Elon Musk’s ~$55 billion CEO pay package, which some Tesla shareholders claimed was obtained without following proper governance rules, has decided to reject Tesla’s attempt to reinstate it with a shareholder vote. Delaware Supreme Court could be next. In 2018, Tesla shareholders voted for Elon Musk to get a historic new … Continue reading “Judge shuts down Tesla’s attempt to reinstate Elon Musk’s giant CEO pay package”
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GM EVs can now charge at over 17,800 Tesla Superchargers Most Superchargers will require an adapter Unlike Ford and Rivian, GM charges $225 for the adapter General Motors on Wednesday announced that it will begin shipping North American Charging Standard (NACS) adapters that will give its EV owners access to more than 17,800 Tesla Supercharger … Continue reading “GM opens Tesla Supercharger access, makes customers pay for adapters”
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Owners of recalled Fisker Ocean electric vehicles will have to pay for repairs, according to a notice on the bankrupt automaker’s website. First spotted by Autoevolution, Fisker’s website states that, for any recalls that require physical inspections and potential repairs, the automaker will provide parts free of charge but will not cover any of the … Continue reading “Fisker Ocean customers have to pay for recall repairs”
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Delaware judge on Friday expressed scepticism that a vote by Tesla shareholders would give her grounds to reinstate the record $56bn pay package for Elon Musk that she invalidated earlier this year. During a … Continue reading “Tesla attempt to save Elon Musk’s $56bn pay package gets sceptical reception”