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Search results for: "Elon Musk". 12 articles found.
Elon Musk, already the world's richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018.
Dutch leasing company Mistergreen, known for its "Tesla only" fleet and bold bets on a future of autonomous robotaxis, is reportedly facing bankruptcy. The company's financial collapse highlights the danger of buying into Elon Musk's claims that Tesla vehicles would become "appreciating assets" a prediction that has faced a harsh reality check in the used EV market. more...
The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world's most valuable companies.
Elon Musk had appealed a ruling by a Delaware judge who rejected Tesla's pay package last year.
Tech Meme - 11 hours 20 min agoLora Kolodny / CNBC : The Delaware Supreme Court rules that Elon Musk's 2018 Tesla CEO pay package, worth around $56B when it vested, must be restored, ending a years-long fight — Elon Musk's 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday.
Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash Elon Musk's controversial $56bn pay package from Tesla was reinstated by the Delaware supreme court on Friday, two years after a lower court struck down the vast compensation deal as "unfathomable". The decision comes less than two months after Tesla shareholders approved a new plan that could be worth $1tn to Musk, already the world's richest person, in a decade's time...
Shareholder Richard J. Tornetta brought the suit, accusing Musk and the Tesla board of a breach of fiduciary duties.
DOGE helped slash the federal workforce from 3.015 million in January to 2.744 million employees in November though overall federal spending has not gone down.
An analysis of Tesla's patent applications shows a slower pace of innovation in the last 2 years and a shift toward AI hardware and software as Elon Musk is betting the house on autonomous driving and robots. more...
Every major Wall Street firm and bank is expected to seek a piece of this monster deal.
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