A U.S. judge has revived a lawsuit dismissed last November, allowing Tesla vehicle owners to pursue a proposed class action accusing the electric car company for monopolising the repair and parts markets of electric vehicles. Trina Thompson, a federal judge in San Francisco, ruled Monday that Tesla owners can sue, alleging the company pressured them … Read more
Tesla’s most debated battery-electric vehicle, the Cybertruck, recently emerged unscathed from a recent hit-and-run collision. This durability feat comes as Dubai Police announced the addition of the Cybertruck to their patrol fleet. A common joke within the car enthusiast community involves the dismissive notion that any collision damage, regardless of severity, can simply be “buffed … Read more
Tesla shareholders voted in favour of Elon Musk’s pay package at Thursday’s annual meeting, following weeks of campaigning by the company. However, he will not receive the compensation immediately. Tesla shareholders endorsed a $45 billion pay package for Musk following a hard-fought vote of confidence. The result comes as the 52-year-old billionaire tycoon battles for … Read more
Tesla shareholders are giving Elon Musk the green light on his $56 billion pay package, according to a social media post by Musk himself. This comes after a Delaware judge struck down the original plan. The compensation package, with a potential value of up to $56 billion, awards Musk stock options linked to Tesla achieving … Read more
Eight former SpaceX employees filed a lawsuit against the company and CEO Elon Musk, raising concerns about a hostile work environment. The lawsuit alleges that Musk engaged in behaviour that objectified women and used lewd banter during their employment. The lawsuit further alleges that the employees were subjected to wrongful termination in 2022 as retaliation … Read more
Ratifying Tesla CEO Elon Musk’s $56 billion pay package in the upcoming shareholder vote on June 13 is unlikely to overturn a judge’s prior decision to void the 2018 compensation plan. This is because the vote carries more symbolic significance than legal authority. Further complicating the issue, some individuals and organisations actively oppose Musk’s substantial … Read more
In April this year, Tesla announced a workforce reduction of 10 percent, impacting numerous tech professionals worldwide. The dreaded “Dear Employee” email became a reality for many, forever altering their careers. Following layoffs in April, a subsequent email from Tesla informed affected employees of errors in their severance packages. Several former employees, including Austin-based Cameron … Read more
To sway shareholder votes on his controversial US$56 billion pay package, Elon Musk is offering exclusive factory tours next month to just 15 shareholders. The upcoming vote, to be announced at the company’s annual meeting on June 13, is viewed as a test of Musk’s leadership. Investors, left in the dark by Tesla’s board’s silence … Read more
Proxy advisory firm Glass Lewis urged Tesla shareholders on Saturday to reject a record-breaking $56 billion pay package for CEO Elon Musk. Glass Lewis’ report criticised the pay package for its excessive size, potential to dilute shareholder ownership upon stock option exercise, and the concentration of power it would grant Musk. The report also raised … Read more
Tesla is pushing hard to get shareholder approval for Elon Musk’s compensation plan, even though a judge recently ruled against it. The company argues that the package is essential for Tesla’s future achievements. The critical question remains: why does Tesla’s board believe a $55 billion compensation package is justified for Elon Musk? The company frames … Read more
