Tesla
Tesla proposes trillion-dollar compensation package for Elon Musk
The governing board of electric carmaker Tesla has put forward a pay package for CEO Elon Musk that could make him the world’s first trillionaire, contingent on meeting high-performance standards over the next decade. The proposal, revealed in the company’s regulatory filings, aims to incentivize Musk to drive Tesla’s growth and innovation. “This is a […]
Tesla Board Awards $30 Billion in Shares to Elon Musk
Tesla’s board of directors has approved a $30 billion stock award for CEO Elon Musk, following a US court’s decision to void his previous $56 billion pay package. Musk will purchase 96 million shares of Tesla stock at the same price as the 2018 package, valued at $23.34 per share, amounting to a total of […]
Tesla and Samsung Sign $16.5 Billion Chip Deal
Tesla CEO Elon Musk announced that the company has signed a $16.5 billion deal with Samsung Electronics to source chips for its next-generation AI6 chip. This move is expected to bolster Samsung’s loss-making contract manufacturing business and potentially re-energize the project that has faced long delays. The deal is significant for Samsung, as it will […]
Tesla Reports Biggest Quarterly Revenue Decline in a Decade
Tesla has reported its biggest decline in quarterly revenue in more than a decade as CEO Elon Musk’s political activity weighs on the electric carmaker brand’s reputation. Revenue fell to $22.5bn for the April-June quarter from $25.5bn a year earlier, according to its earnings report, which Tesla released after the closing bell on Wall Street. […]
“Get Ready For More Bad News From Tesla”
Tesla‘s sales decline over the past 18 months has been a stark contrast to its previous performance, with the company facing significant challenges ahead. The electric vehicle giant is set to report its second-quarter financial results after the market closes, and investors are bracing for more bad news. Tesla’s sales plunged 13.5% in the second […]
Tesla Faces Financial Hurdles as Regulatory Credit Sales Dry Up
Tesla’s financial future is looking increasingly uncertain as the company faces a significant loss of revenue from regulatory credit sales. The Republican tax and spending bill passed earlier this month removes the financial penalty for automakers that fail to meet emission regulations, eliminating the incentive for them to purchase credits from Tesla. This move is […]
Tesla Parks in India With A Luxury Electric Vehicle Market
Elon Musk’s Tesla has finally launched its Model Y in India, marking the culmination of a decade-long journey. The electric vehicle giant has priced its Model Y at ₹59.89 lakh for the rear-wheel drive (RWD) variant and ₹67.89 lakh for the long-range RWD edition. This pricing strategy positions Tesla in the luxury segment, competing with […]
Tesla’s Future Hinges on Elon Musk’s Leadership and Focus
Elon Musk‘s multifaceted endeavors have raised concerns among Tesla shareholders and analysts, questioning whether the company’s CEO can effectively manage the electric vehicle giant amidst his myriad responsibilities. Musk’s role in the Trump administration, his efforts to establish a third political party, and his involvement in X, his social media platform, have diverted his attention […]
Tesla Faces Lawsuit Over “Extreme-Right” Brand Perception
Around 10 French clients with leases on Teslas are suing the US carmaker, alleging that Elon Musk’s actions have transformed the brand into an “extreme-right” symbol. The law firm representing them, GKA, claims that Tesla-branded vehicles have become “strong political symbols” and “veritable extreme-right ‘totems’” due to Musk’s actions. According to GKA, the plaintiffs feel […]