A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company’s technology.
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
S&P cited racial discrimination claims in deciding to exclude the electric carmaker from a listing of socially responsible companies.
The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.
Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.