Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Tesla reported a second straight decline in quarterly vehicle deliveries, as the world’s largest electric vehicle maker continues to struggle with weaker demand and fierce competition from lower-cost Chinese rivals. The company delivered 443,956 vehicles globally … Read more
The first Tesla Cybertruck is on sale in the UK, although drivers still don’t know whether it is LEGAL to drive on the road there. An imported silver version of the futuristic 2024 vehicle is listed for sale on Autotrader for £145,995. This is the first version to be offered to buyers in the UK. … Read more
Earlier today, Fisker finally did what seemed inevitable over the past turbulent months: declared bankruptcy. “Like other companies in the electric vehicle industry, we have faced several market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a statement. “After evaluating all options for our company, we have determined … Read more
Apple shuts down Apple Pay Later just months after launch. (Richard Levine) Shares of the iPhone maker were higher in pre-market trading following reports that the company is ending its “buy now, pay later” service, just over a year after its launch. The service, called Apple Pay Later, allowed customers to split purchases between $50 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Tesla revealed Friday that chief Elon Musk had won an emphatic victory in shareholder votes on his $56 billion pay package and a proposal to move the company’s headquarters from Delaware to Texas. Musk’s stock … Read more
ELON Musk has thanked his besotted Tesla shareholders after receiving the world’s largest ever pay package. The CEO of the car giant was supported by his team and received a whopping pay increase totaling more than $56 billion, as a beaming Musk declared his love for everyone who helped him get the cash bonus. Elon … Read more
Tesla’s fight to restore Elon Musk’s $45 billion pay package is far from over, according to legal experts, despite shareholders backing the CEO’s pay deal. Investors in the electric car manufacturer reaffirmed the wage agreement on Thursday after it was rejected by a judge in the US state of Delaware. The company’s chairman, Robin Deynholm, … Read more
Topline Tesla CEO Elon Musk said Wednesday night that the company’s shareholders have voted to reinstate his massive 2018 compensation deal — estimated to be worth about $50 billion — months after it was declared invalid by a Delaware judge. Telsa CEO Elon Musk said company shareholders voted in favor of restoring its massive $50 … Read more
The pay package is just one of a series of measures on which shareholders have already been asked to vote by proxy ahead of Thursday’s meeting. Others include whether Tesla’s incorporation should move from Delaware to Texas, whether the company should soften its hardline stance on labor negotiations and whether the company should preemptively impose … Read more
Image source, Getty Images Item information Author, Natalie Sherman Role, BBC news June 12, 2024 In 2018, Tesla shareholders approved the largest pay package in history for Elon Musk. Will they do it again six years later? The electric car company will find out this week at its annual meeting, where it is seeking support … Read more