This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The richest person in the world now has a clear path to become the first $1 trillion man. Elon Musk will have to hit key milestones, perhaps even improbable ones, to unlock record-breaking…
Topline Tesla shares declined more than 3% on Friday, cutting CEO Elon Musk’s fortune by $10 billion after the automaker voted to approve a compensation plan that could award the world’s richest person $1 trillion over the next decade—a move derided by some analysts and shareholders. An overwhelming majority of Tesla shareholders approved a payment…
Tesla (TSLA) shareholders approved CEO Elon Musk’s new pay package, one that could reach $1 trillion in overall compensation. Tesla said Musk’s package passed with over 75% approval. “I’d like to give a heartfelt thanks to everyone who supported the shareholder votes,” Musk said at the meeting. “I super appreciate it.” Musk added: “What we’re…
For Tesla’s board and many investors, CEO Elon Musk and Tesla’s success are closely linked. Now that a vote on a record-setting pay package for Musk is settled, the bulls are crowing and the naysayers are alarmed. On Thursday, 75% of Tesla shareholders voted to approve Musk’s proposed $1 trillion CEO pay package, contingent on…
Tesla shareholders on Thursday approved a new pay package for CEO Elon Musk that is potentially worth up to $1 trillion over a decade, despite some prominent investors criticizing the size of the compensation plan. The plan, one of the richest compensation packages in corporate history, would be delivered to Musk — the richest person in the…
As Tesla‘s dominance in the electric vehicle space continues to wane, a new competitor has emerged as a serious threat to its market share. What’s happening? In 2024, Chinese tech giant Xiaomi jumped into the EV space by launching its SU7 sedan. As The Motley Fool reported, Xiaomi’s first year of selling EVs couldn’t have…
Tesla shareholders are hours away from deciding the fate of Elon Musk’s $1 trillion pay package. Tesla’s annual shareholder meeting kicks off Thursday afternoon at 4 p.m. ET at the company’s headquarters in Austin. A limited number of shareholders were invited to attend in person. Tesla investors are voting on multiple proposals. Chief among them…
After a three-month hiatus, Tesla is now taking Model S and Model X orders in the European market, ramping up the minor refresh the company did to the models earlier this year. The electric vehicles saw updates to battery range, exterior styling, drive stabilization, and more in June, according to Electrek. In the French market,…
00:00 Brian Question of the day. Tesla will be hosting its annual shareholder meeting on Thursday with all focus on Elon Musk’s one trillion dollar pay package. Some vocal names in investing have come out against the pay package including Norway’s sovereign wealth fund. Even Pope Leo has voiced his concern. My question of the…
NEW YORK – Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more – a lot more. Shareholders gathering Thursday for Tesla’s annual meeting in Austin, Texas, will decide…