Tesla Inc Board

Delaware Chancery Court Judge Kathaleen St. J McCormick decided to stick with her original finding in January that the company's board was too much under the influence of Musk in 2018

Tesla also revealed plans to lay off 3,332 employees across multiple sites in California, according to separate WARN notices filed in that state

Musk told investors on a conference call that he guessed the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year

Tesla's 2024 proxy statement, filed Wednesday, asks shareholders to approve the same 2018 compensation package for its chief executive officer that was rejected by Delaware court

The judge called Tesla's process of approving the pay package "deeply flawed"

It remains unclear whether Musk will appeal Tuesday's ruling or Tesla's board will draw up a new pay package

The stainless-steel clad truck is all angles, in part because a traditional press can't bend the steel into curves

Tesla employed around 100,000 people at end of 2021. Musk warned staff on Tuesday to return to office or leave.

This year, the proxy adviser cited concerns about objectivity and proper oversight for its opposition to both Gracias and Kimbal Musk