CEO OF TESLA
Tesla deliveries set to fall for second straight quarter
The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
Tesla recalls thousands of Cybertrucks over windshield wiper, exterior trim issues
Tesla is recalling over 11,000 Cybertruck electric pickups due to potential safety hazards including windshield wiper failure impacting visibility and loose trunk bed trim posing a road hazard. This adds to previous recalls for accelerator pedal pad issues. These setbacks come as Tesla prepares for mass production of the delayed vehicle and faces challenges. The company will fix the problems at no cost to affected owners.
Does Elon Musk have 12 kids? Here's what we know about the Tesla CEO's mega family
Recent reports have suggested that Elon Musk has a third 'secret child' with Neuralink executive Shivon Zilis this year itself. As the details around this reports went viral, Elon Musk confirmed these rumors saying that this was no secret and that his friends and family already knew. It was surprising for the Tesla CEO that the issue was purported to be a secret, according to reports.
Elon Musk' layoff statement from April prompted Tesla to start slashing down workforce?
Elon Musk's net worth stands at $208.4 billion, as per reports, with main sources of revenue coming from Tesla and SpaceX, one of which is currently in the gray area around employee layoffs. Tesla's internal reports reportedly show a significant slash in employee count within a matter of a few months, shortly after Tesla CEO Elon Musk announced back in April that the company was planning to reduce its workforce by 10%.
EVMs in India are a 'black box', says Rahul Gandhi as he backs Tesla CEO Elon Musk's concerns
Congress leader Rahul Gandhi and Tesla CEO Elon Musk have raised concerns about the security of Electronic Voting Machines (EVMs), calling them a "black box" and suggesting their elimination due to hacking risks. BJP leader Rajeev Chandrasekhar, however, opposes Musk's stance, asserting that Indian EVMs are secure and isolated from networks.
Elon Musk-Rajeev Chandrasekhar engage in a banter over EVMs safety, Rahul Gandhi calls it ‘black box’
In a recent exchange on 'X', the CEO of Tesla, SpaceX, Elon Musk, sparked a debate over the credibility of EVMs. The billionaire tech magnate suggested the elimination of EVMs, citing the risk of the machines getting hacked. Reacting to this, former...
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EVMs can be architected and built right as India has done: Former Min replies to Tesla CEO Elon Musk
Following Elon Musk's discussion on social media platform X regarding electronic voting machines (EVMs), former Minister of State for IT Rajeev Chandrasekhar responded by asserting that EVMs can be designed and constructed effectively, citing India's example. In response to Elon Musk, Rahul Gandhi stated that electronic voting machines (EVMs) in India function as a "black box," inaccessible to scrutiny, raising significant concerns about transparency in electoral system.
How Elon Musk's $44.9 billion Tesla pay package compares with the most generous plans for other US CEOs
Elon Musk won't get access to the stock options just yet, even with the reapproval vote. In 2018, January Delaware Judge said the shareholders weren't informed that Musk controlled the company's board and the process for approving was 'deeply flawed." But Tesla said Musk deserves the pay because he turned the company into the top-selling electric vehicle maker in the world.
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Tesla shareholders on Thursday voted overwhelmingly in favor of restoring Musk's 10-year pay plan, valued by the company in April at $44.9 billion. It was worth more early in the year, but Tesla's stock value has fallen about 25% since then.
Tesla CEO Elon Musk's pay package gets support from 77% of votes at investor meet
Tesla investors voted overwhelmingly in favor of Elon Musk's $56 billion pay package at the annual meeting, with 77% approval despite opposition from institutional investors and proxy advisory firms. Retail investors showed strong support. The largest pay package in U.S. corporate history faced legal challenges, with a Delaware judge voiding it earlier in the year.
Tesla shareholders okay CEO Elon Musk's Rs 4.67 lakh crore pay package
esla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, showing strong support for his leadership of the electric vehicle maker. While the favorable vote indicates confidence in Musk, it does not guarantee immediate access to the all-stock compensation. The package is expected to face legal challenges in the Delaware Chancery Court and Supreme Court for several months as Tesla seeks to overturn the initial rejection.
Shareholders to vote on Elon Musk's proposed pay package, how does it compare with other US CEOs?
Tesla shareholders will vote on ratifying CEO Elon Musk's $56 billion pay package, previously voided by a judge due to improper control. The re-vote highlights CEO compensation in corporate America, with Musk's package tied to Tesla's market value reaching $650 billion over a decade. The shareholders are likely to accept the package as Musk has the needed support.
Elon Musk says Tesla shareholders voting yes for his $56 billion pay package
Tesla shareholders are voting on a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas. The vote outcome will be announced at a meeting in Texas on Thursday.
Tesla shareholders voting yes for Elon Musk's $56 billion pay package, CEO says on X
Shareholders of the electric-car maker are voting on a proposal to ratify CEO Musk's 2018 incentive package, valued at up to $56 billion at the time and the largest in U.S. corporate history, after a Delaware judge voided the plan approved by its board "beholden" to Musk. The result will be announced at a meeting on Thursday.
All about Elon Musk's proposed $56 billion pay package
On Thursday, the decision to approve a $56 billion pay package for Elon Musk who is the CEO of Tesla will be taken by the shareholders of the company. This decision may result in further corporate litigation.
Tesla shareholder sues Musk to return billions in alleged unlawful profits
Lawsuit accuses Elon Musk of making billions by selling Tesla stock using insider information.
What will happen to Tesla CEO Elon Musk's $56 bn pay package?
Tesla shareholders are set to vote on reinstating CEO Elon Musk's $56 billion pay package, which was invalidated by a Delaware judge for being unfair to shareholders. A "yes" vote won't automatically reinstate the package but could strengthen Tesla's legal case to overturn the ruling. If the package is rejected, Tesla may still appeal the decision and negotiate a similar pay plan with Musk. Regardless of the vote outcome, Tesla faces potential legal challenges and significant costs if a new package is required.
Norway wealth fund to vote against Elon Musk's $56 billion Tesla pay package
Norway's wealth fund to vote on Musk's pay and directors' re-election at Tesla's annual meeting. The fund opposes Musk's $56 billion pay package, voided for being unfair to shareholders.
Tesla coming to India? Elon Musk drops major hint
Elon Musk congratulates Narendra Modi on his re-election. BJP and allies win 240 seats in the 2024 Lok Sabha elections. Oath ceremony on June 09, 2024 at Rashtrapati Bhavan.
Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
After riding a demand surge sparked by Big Tech's rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice interactions to spur more orders for its graphics processors.
Meet world's second highest-paid CEO Nikesh Arora, the Indian-born executive who earns Rs 1,257 crore
Nikesh Arora, CEO of Palo Alto Networks, emerged as the second highest-paid CEO in the US in 2023, with a total compensation of $151.43 million. The Wall Street Journal's report highlighted the strong presence of Indian-descent executives among high earners, with 17 making it into the top 500. Shantanu Narayen of Adobe followed closely behind Arora at number 11, with earnings of $44.93 million.
Group of Tesla shareholders ask investors to vote against Elon Musk's compensation package
A group of Tesla shareholders, including New York City Comptroller Brad Lander and SOC Investment Group, oppose a $40B pay package for CEO Elon Musk, citing falling global sales and stock prices. Concerns include lawsuits, Musk's part-time focus, and potential excessive future awards.
Musk's big win in China: Tesla clears data security, full self driving hurdles for locally-made cars
Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. Musk secured a key clearance from Chinese authorities, boosting the EV maker's efforts to revive declining sales and regain trust in the Chinese market, where local automakers like BYD challenge Tesla's dominance. Tesla cars produced in China met essential data security and privacy requirements, allowing Musk to progress in gaining approval for driver-assistance software introduction. Furthermore, a reported deal between Tesla and Baidu for mapping services in China hints at further advancements in the company's operations.
He too has read writing on wall: Congress on Elon Musk's India visit postponement
The Congress took a dig at the Modi government for Elon Musk's postponed India visit, suggesting it was odd for him to meet an outgoing prime minister. Congress General Secretary Jairam Ramesh implied that Musk had also recognized the political climate and postponed his visit.
'World Bank's biz-ready formula & startup concerns on budget agenda'
The Department for Promotion of Industry and Internal Trade (DPIIT) will take up for discussions lingering concerns of startups on issues around Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections.
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