Stocks and Bonds – Page 9

Tesla Sales in China Slump as Competition Intensifies

Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.

The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.

Investors blame Elon Musk and wonder how much more the stock will fall.

The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter.

Corporate governance experts say the electric-car maker’s directors may need to rein in the chief executive, with whom many have personal ties.

The billionaire chief executive testified about a multibillion-dollar compensation package the electric car company’s board put in place in 2018.

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.