Tag TSLA

The Delaware judge who denied Tesla CEO Elon Musk a $56 billion compensation package once did so for a second time on Monday, dealing a fresh legal defeat to the billionaire...

(Bloomberg) -- SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $350 billion, according to people familiar with the matter. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThat would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last...

Elon Musk has lost a legal bid to reinstate his huge $56bn pay deal at Tesla, even after shareholders backed the deal...

Elon Musk’s $56 billion pay package was rejected by a Delaware judge on Monday after a motion to revise was denied. The ruling follows a legal challenge against the 2018 compensation plan, which Tesla (TSLA) shareholders initially contested, claiming it was improperly granted...

Shares of Tesla slipped in after-hours trading following the news that a Delaware judge for a second time moved to strike down a multibillion-dollar pay package for CEO Elon Musk...

Now this is getting just weird for Tesla and its shareholders. Tesla stock was dropping in after-hours trading Monday after Delaware Chancery Court judge Kathaleen McCormick rejected Elon Musk’s pay package for a second time. The new rejection comes after a second shareholder vote designed to address the judge’s problems with the first vote...

Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion...

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package...

WILMINGTON, Delaware (Reuters) -A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting in June to reinstate it. The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk's future at the world's most valuable carmaker. In a post on X after the decision, Musk said that "shareholders should control company votes, not judges."...

Super Micro stock rises sharply after the server maker says it completed an investigation into accounting issues and found no evidence of fraud or misconduct by management, Intel CEO Pat Gelsinger retires, and Tesla rolls out the latest version of its self-driving software...