The vote is seen as a referendum on the limits of executive pay and the accountability of Silicon Valley billionaires.
Tesla shareholders must reject the chief executive’s unorthodox pay package to help turn him back into the visionary we need to fight climate change.
The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
Once considered a laggard, the German luxury carmaker is one of only a few established automakers that has been able to compete effectively against Tesla.
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.
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.