Tesla’s board of directors issued a stark warning to shareholders today: approve Elon Musk’s unprecedented $1 trillion pay package or risk losing him as CEO. It’s a familiar threat, one that the board has used before, and if history offers any clues, it’s likely to work again. Tesla’s executive team is in full lobbying mode […]
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Tesla’s profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Tesla’s profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Tesla reported a profitable third quarter today, as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired. Tesla said it earned $1.4 billion in net income on $28.1 billion in revenue in the quarter that ended in September. That’s 12 percent increase in revenue but a 37 […]
On August 19th at 7:07PM, Tyler Johnston received a message from his roommate. A man, the text said, was knocking on their door with legal documents to serve. Johnston is the founder and sole employee of The Midas Project: a nonprofit that monitors the practices of “leading AI companies to ensure transparency, privacy, and ethical […]
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The Boring Co. violated state environmental regulations nearly 800 times, many of which occurred after signing an agreement saying it would comply.
One of Musk’s first moves upon buying Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde.
Elon Musk has agreed to settle with four top Twitter executives he fired after purchasing the company in 2022, after they sued the billionaire over more than $128 million in unpaid severance last year. An update to the case filed in the US Northern District Court of California says that the parties — Twitter’s former […]