A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.
The electric truck maker said it had enough cash to fund its operations through 2025.
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
In the run-up to the midterm elections next month, President Biden is hoping his gearhead reputation will appeal to some parts of the Trump base.
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
Shares of the company slumped as investors worried about increasing competition.
The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.