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Tesla stock fell 1.6% Tuesday after a Delaware judge denied CEO Elon Musk's $56 billion pay package for a second time.The Delaware Court of Chancery in January struck down Musk’s performance ...
Those two lines were omitted from the company’s most recent 10-K filing for the 2023 fiscal year, as well as any references to DEI, a diverse company or a majority-minority workforce.
Case in point: Tesla recently had to deal with reports that Musk ordered Nvidia AI chips meant for Tesla to be diverted to X.com. Musk defended the move after the report's release, claiming Tesla ...
On October 16, 2018, the U.S. District Court for the Southern District of New York entered a final judgment approving the terms of a settlement filed with the Court on September 29, 2018, in connection with the actions taken by the SEC relating to Musk's prior statement that he was considering taking Tesla private.
In 2006, Tesla announced it would sell the Signature 100 Roadster for $100,000, and by the next year it had pre-sold 570 of them. The cars became available in 2008, the year Musk took over as CEO.
[4] [5] The verdict was one of the most significant in this class of lawsuit. [6] In April 2022, federal judge William Orrick upheld the jury finding of Tesla's liability but reduced the total award down to $15 million. Tesla had sought to limit the damage to $600,000 in total. [7]
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 ...
Two weeks after a Delaware court ruled that Tesla must rescind Elon Musk’s $56 billion pay package, the company’s board remains mum on what the decision means for shareholders or what’s next ...