Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla in the new startup. The lawsuit is one of the most direct challenges to Musk’s decision to start … Read more
On Thursday, Tesla ( TSLA ) shareholders will find out whether Elon Musk’s record $56 billion pay package will be reinstated after a Delaware judge struck down an earlier one. “I am voting yes without enthusiasm; I’m voting yes out of principle,” early investor Ibrahim AlHusseini told Yahoo Finance. Personal feelings aside, he said Tesla … Read more
U.S. stocks traded mixed on Thursday, with the S&P 500 holding close to its record high as investors weighed the dual pull of cooling inflation and a Federal Reserve retreat on interest rate cuts. The S&P 500 (^GSPC) fell below the flat line as the benchmark hit 5,400 to close at a new all-time high. … Read more
Dow Jones futures fell modestly early Thursday, while S&P 500 and Nasdaq futures rose. Broadcom (AVGO) bounced overnight from strong earnings and a big stock split. Tesla ( TSLA ) emerged as Elon Musk says he expects to win his $56 billion payday vote. X Stock market gains were boosted Wednesday morning by softening CPI … Read more
Today Tesla shareholders will finally answer a $56 billion question hanging over the company: Can CEO Elon Musk keep his record salary? While Musk tweeted late Wednesday night that votes were trending to pass his pay package, official word won’t come down until later today — though Tesla shares rose nearly 7% in early trading. … Read more
New York CNN – SpaceX and CEO Elon Musk were sued Wednesday by former employees who claim they were wrongfully fired for raising concerns about gender discrimination and sexual harassment at the rocket company. The lawsuit, filed by eight employees who were laid off in 2022, alleges that Musk wants to be “the leader of … Read more
Tesla’s shareholder vote on Elon Musk’s pay is in some ways a referendum on the performance of the company and its chief executive. Late on Wednesday, Mr Musk claimed victory in a social media post, saying votes in favor of his pay package were leading by a “wide margin”, giving Tesla shares a boost. But … Read more