Tesla shareholders, at their annual meeting held in Austin, Texas, voted in favor of ratifying Musk’s controversial $56 billion performance-based pay package, originally approved in 2018. However, this vote serves as only…
Tag: elon musk
Tesla shareholders are suing Elon Musk, alleging he shifted key resources from Tesla to xAI
The tech industry’s new-found focus on AI may have done wonders for the likes of Microsoft, Google, and Apple, but it has also created its fair share of problems. A simmering tension…
Tesla stock plummets over 8% as Elon Musk warns of slowing sales growth
Tesla’s stock faced a significant downturn, plummeting over 8% after CEO Elon Musk cautioned that sales growth would decelerate this year. This decline follows price cuts that have already impacted margins and…