Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was “deeply flawed.
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 has started sending out severance information to laid-off employees. Tesla CEO Elon Musk told staff the electric-car maker was slashing more than 10% of its workforce on Sunday night, according to an internal memo viewed by Business Insider.
The fight over Elon Musk’s pay is back. Tesla’s board asked shareholders to again vote in favor of its CEO’s multibillion-dollar pay package. The board approved the pay proposal in 2018, but a Delaware court in January struck it down because it said the approval process was “deeply flawed.
Tesla is again seeking to award boss Elon Musk the biggest pay deal in corporate American history, worth $56bn (£44.9bn). The electrical vehicle (EV) company is asking shareholders to vote on its chief executive's record-breaking pay that was set in 2018.
Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.
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.
Key Takeaways Tesla shareholders will vote on whether to re-certify CEO Elon Musk's $55.8 billion compensation package at the company's annual shareholder meeting in June.Earlier this year, a Delaware judge ruled in favor of an investor who sued Tesla over the package,
Tesla asked investors Wednesday to “restore shareholder democracy” by ratifying CEO Elon Musk’s $56 billion pay package that was struck down by a Delaware judge in January. The plan was the largest executive compensation package in history and —briefly — made him the the world’s richest person.
Tesla stock fell again Wednesday as the company planned to ask shareholders to vote again on Musk’s 2018 pay package as part of its 2024 preliminary proxy statement. Musk’s massive 2018 options grant,
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
DETROIT >> Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year, and to move the electric car maker’s corporate home from Delaware to Texas.
Tesla stock continued to drop after shares closed below an important level of support earlier in the week. The recent action leaves investors wondering where shares are headed as the company’s first-quarter earnings report approaches.
Weeks after Tesla reported its first year-over-year delivery drop since 2020, and days after an internal email from CEO Elon Musk confirmed that the company was laying off more than 10% of its workforce,
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.
Tesla will ask its shareholders to vote to approve the 2018 pay package that made CEO Elon Musk among the world’s richest people but that a Delaware judge threw out