Tesla

The government moved to steady the economy amid global uncertainty. Crises at IndiGo and BluSmart, meanwhile, underlined the need for tighter oversight and stronger governance

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 USD55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to steer the automaker to new heights. Besides padding Musk's current fortune of USD 679 billion, the restoration of the 2018 pay package vindicates his long-held belief that the Delaware legal system had overstepped its bounds in January 2024 when Chancellor Kathaleen St Jude McCormick rescinded the compensation in a case brought by a disgruntled Tesla shareholder. Tesla didn't immediately respond to a request for comment late Friday. McCormick's ruling so incensed Musk that it spurred him to spurn Delaware and reincorporate Tesla in Texas. That decision also caused Tesla's board to scramble for ways to keep its CEO happy, including a successful effort to persuade the company's shareholders to reaffirm the pay package, which was valued at USD 44.9

Elon Musk has become the richest person the world has ever seen. His net worth has surged past $600 billion, driven largely by SpaceX’s soaring valuation and IPO buzz.

Lawyers for Tesla sought to fend off the DMV's disciplinary action by arguing that its advertising is protected free speech under the First Amendment of the US Constitution

Musk has always maintained that sending humans to Mars was his lifelong ambition

Tesla's procurement decisions are based on quality, total cost, technical maturity and the continuity of long-term supply, Grace Tao, a Tesla vice president in China, wrote on Weibo

Musk's Tesla had moved the Delhi High Court in May 2024 to restrain Gurugram-based Tesla Power India from using the Tesla trademark for their electric vehicles

The details of the fundraising were shared by Musk's wealth manager Jared Birchall, but it isn't clear whether the valuation number is before or after the new funding comes in

Best of BS Opinion explains the need for a new migration survey, diplomatic challenges after Sheikh Hasina's death sentence, China's internal tremors, and governance lessons from Tesla and OpenAI

Vinfast sold 137 cars versus Tesla's 109 during the festive months of September and October, as BYD maintained a strong lead with over 1,100 cars sold, according to Fada data

The Tesla system, known as FSD for short, has been partially approved in China since February. Before that Tesla owners could use a less advanced and cheaper autopilot option

In a historic move, Tesla shareholders have approved CEO Elon Musk’s record-breaking $1 trillion pay package, the largest in corporate history. Here’s what it means for Tesla

The electric carmaker currently relies on contract chipmakers, including Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics, to manufacture its chip designs

The plan won over 75 per cent support at Tesla's annual meeting in Austin, Texas, as investors endorsed Musk's vision of turning Tesla into an AI and robotics powerhouse

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 on Thursday for Tesla's annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company's CEO and already the richest person in the world, enough stock to potentially make him history's first trillionaire. It's a vote that has sparked heated debate on both sides of the issue, even drawing the pope's comments on it as an example of income inequality. Several pension funds have come out against the package, arguing that the board of directors is too beholden to Musk, his behaviour too reckless lately and the riches offered too much. Supporters say Musk is a genius who is the only person capable of ushering in a Tesla-dominated future in which hundreds of thousands of self-driving Tesla cars -- many without steering wheels -- w

Investors in the electric-vehicle maker will decide on November 6 whether to approve the package, likely the largest-ever CEO compensation agreement

Before joining Tesla, Sharad Agarwal led Lamborghini India for nearly a decade, helping the brand dominate the country's super-luxury market

A Chinese firm this week began trial production of flying cars stated to be the next generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly. Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world's first intelligent factory for mass-produced flying cars --- a milestone in the commercialisation of next-generation transport. Located in the Huangpu district of Guangzhou, the capital of south China's Guangdong Province, the 120,000-square-metre plant has already rolled out the first detachable electric aircraft of its modular flying car, the Land Aircraft Carrier, the state-run Xinhua news agency reported. The facility is designed to have an annual production capacity of 10,000 detachable aircraft modules, with an initial capacity of 5,000 units. It has the largest production capacity of any factory of its kind, and will be capable of assembling one aircraft ever

Last year, Musk said the Roadster's design was nearing completion and promised it would be "something spectacular," indicating that production was planned for 2025

Robyn Denholm, chair of Tesla's board, said to ensure an 'orderly transition, the most likely would be internal'. However, Denholm has not ruled out the possibility of external candidates