Tesla Inc. will ask shareholders to vote again on the same $56 billion compensation package for Chief Executive Officer Elon Musk that was voided by a Delaware court early this year.
Tesla stock has dropped every day, falling more than 12%. Tesla’s large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop. Now investors are waiting to hear from CEO Elon Musk next Tuesday.
Tesla stock fell to a new 52-week low on Thursday, just days before Elon Musk’s electric vehicle company is set to report full earnings for the first quarter of 2024.
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed
Tesla plans to lay off nearly 300 employees at its Buffalo plant, according to multiple reports. WIVB reports the electric car manufacturing company filed a notice with New York State on Tuesday that it will cut 285 jobs.