Tesla Motors Inc – Page 31

Elon Musk’s Twitter Role Puts Tesla Board Under New Scrutiny

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

Firing people. Talking of bankruptcy. Telling workers to be “hard core.” Mr. Musk has repeatedly used those tactics at many of his companies.

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.

While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.

Shares of the company slumped as investors worried about increasing competition.

The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.

The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.

The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.

The country’s success with two- and three-wheeled vehicles that sell for as little as $1,000 could be a template for other developing countries.