Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
Mientras el precio de las acciones cae, los inversores se preguntan si la empresa, dirigida por Elon Musk, podrá resistir la intensificación de la competencia.
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
Robyn Denholm, who has led the electric car company’s board for more than five years, has been criticized for not serving as a check on Mr. Musk.
The company’s board of directors will now decide whether to appeal the decision, change where Tesla is incorporated or negotiate a new pay package.
Shareholders had sued, arguing that Mr. Musk’s compensation — which helped make him the world’s richest person — was excessive.
Shares in Elon Musk’s electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance.
Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.