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.
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.
A Supreme Court ruling, combined with an energy crunch and intraparty politics, makes it nearly impossible for President Biden to achieve his climate goals.
To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.
The suit comes months after a jury awarded a former Black employee at the electric carmaker’s San Francisco-area factory $137 million.
The electric carmaker disclosed the new legal issues in its annual report to securities regulators, which was made public on Monday.
The 2018 tweet, in which Mr. Musk claimed he had secured funding to take Tesla private, initially sent the automaker’s shares soaring. But they sank when it became clear that no such deal had been reached.
A 2019 crash in Florida highlights how gaps in Tesla’s driver-assistance system and distractions can have tragic consequences.
A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.