Tesla shareholders voted Thursday to approve Elon Musk’s staggering new pay package, in a move aimed at retaining the controversial CEO’s leadership during a time of great upheaval for the automaker. Over 75 percent of shares voted in favor of the proposal. The vote gives Musk enormous sway over his electric vehicle company, as well […]
On Thursday, Tesla shareholders will vote on whether to grant Elon Musk an enormous pay package, the largest ever awarded to a chief executive by orders of magnitude, or risk him leaving the company in a huff. If this sounds weirdly familiar, it’s because the same thing unfolded nearly a year ago. At the 2024 […]
Elon Musk is pushing for a $1 trillion performance pay package. Another major shareholder has said no.
Despite its imprecision, the fourth “Master Plan” is a centerpiece of Tesla’s case for giving CEO Elon Musk $1 trillion in company shares.
Last month, General Motors added its name to the growing list of automakers who are pursuing a novel type of partially automated technology called “eyes-off driving.” What they didn’t do, though, is provide a thorough description of how they’ll take responsibility when something goes wrong. Not to be confused with the type of “eyes-off” distracted […]
Tesla’s Cybercab isn’t scheduled to go into production until 2026, but when it does, it may end up stuck with a vestige of the automotive past: a steering wheel. To be sure, we still use steering wheels. But the Tesla Cybercab was meant to be the first vehicle of the new future, and there’s nothing […]
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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Well, that’s not very subtle. In an earnings call last night, Tesla CEO Elon Musk said he needs more control over Tesla, as well as a pay package that could be worth nearly $1 trillion, in exchange for building a “robot army.” Otherwise, he could get ousted as CEO, and then, well, who would control […]
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.