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The SEC also charged Tesla with failing to have adequate controls and procedures in place regarding Musk's tweets. [15] Musk settled the fraud charges with the SEC in 2018, agreeing to pay a $20 million fine and stepping down as Tesla's chairman. [16]
For the full year, Tesla's vehicle deliveries fell for the first time, declining from 1.81 million to 1.79 million. That slump comes even as the company added the Cybertruck to its lineup at the ...
The company also failed to reiterate guidance for 20% to 30% vehicle sales growth this year, but shares rose anyway as optimism over its AI and robotics programs prevailed. Elon Musk’s Tesla is ...
The company’s revenue and margins failed to meet analyst consensus. But on Tesla’s earnings call Wednesday evening, Elon Musk spent little time on the disappointing quarter—instead drawing ...
A lawsuit filed in March 2021 alleges that Musk violated his fiduciary duty to Tesla by continuing to send "erratic" tweets in violation of the SEC settlement, and that the board is failing to control Musk. [16] [17] The case was also stayed pending resolution of the class-action lawsuit. [18] As of March 2024, the case is unresolved. [19]
Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. Musk told a special ...
Data source: Cox Automotive. Image source: Author. While Tesla's U.S. sales declined 5.6%, compared to the prior year, and its market share dropped to 48.7% from 65% in 2022, the EV maker still ...
Tesla reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led electric vehicle maker's aging lineup and the new Cybertruck pickup failed to ...