Tag TSLA

The Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the electric vehicle maker that it would not use an upcoming shareholder vote to attack her ruling. The shareholder legal team who sued over Musk's $56 billion pay package had asked Chancellor Kathaleen McCormick for orders to prevent their case from being undone in a Texas court. The company's shareholders vote next month to "ratify" the pay package that McCormick voided and to reincorporate Tesla in Texas...

Nvidia (NVDA) continues to dominate the tech sector as the company's shares move past $1,100. The chip giant earned a boost from Elon Musk, who announced that xAI's supercomputer will run on Nvidia technology. Meanwhile, Tesla (TSLA) shareholders are awaiting an important vote on June 13, which will dictate the fate of Musk's proposed pay package of $56 billion. The American Society of Clinical Oncology (ASCO) will hold its annual meeting in Chicago this week, exploring the latest advancements in the cancer research sector. Tom Steyer, Galvanize Climate Solutions Co-Executive Chair, also joins the show to give insight into the state of climate change mitigation under a possible second Trump presidency. For more expert insight and the latest market action, click here...

In the latest trading session, Tesla (TSLA) closed at $176.75, marking a -1.39% move from the previous day...

SAN FRANCISCO (Reuters) -Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote, whose result will be announced at the company's annual meeting on June 13, is seen as a referendum on Musk's leadership as investors worry that he is distracted by his other ventures and that his often controversial comments are weighing on the reputation and sales of Tesla. The company is making an unusual and public effort to rally support for Musk's pay...

Toyota’s recent powertrain decision shows just how complicated the global car business has become. Complexity could jeopardize profits in years to come...

Proxy adviser firm Glass Lewis weighed in on Tesla’s upcoming shareholder proposals and once again said CEO Elon Musk’s pay package is a problem...