Page 34 - Tesla

CEO Elon Musk testifies in lawsuit over Tesla compensation package

Tesla CEO Elon Musk took the witness stand on Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company's board of directors that is potentially worth more than USD 55 billion. Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the board, its compensation committee, or a working group that helped develop it. I was entirely focused on the execution of the company, he said. Plaintiff's attorney Greg Varallo spent much of his early cross-examination trying to draw Musk into admitting that he controls Tesla to such an extent that he can sway the board to do his bidding. Among other things, Varallo questioned Musk about his title of Technoking, a role that Musk has previously noted comes with panache and great dance moves. I think comedy is legal, Musk told Varallo, who had questioned whether Musk was stone-cold sober when he came up with the title. Varall

Tesla CEO Elon Musk to face two tough trials this week amid Twitter mess

Taken together, the twin trials represent a critical test for Musk's multitasking skills, reports The Verge.

Tesla opens electric vehicle connector design to other automakers

It is half the size, twice as powerful, and has no moving parts compared to Combined Charging System (CCS) connectors

Elon Musk's Tesla loses 2 years of gains amid Twitter saga, demand fears

The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020

Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal

With this, he has offloaded almost $20 billion in Tesla shares this year. The world's richest man sold $8.4 billion in Tesla shares in April and another $6.9 billion in August.

Musk warns impersonating Twitter accounts may lead to permanent suspension

Over the weekend, several Twitter accounts had changed their name to "Elon Musk" or to usernames that suggested those handles were of the tech billionaire

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

Fear, distrust in Twitter as Musk's 'inner circle' orders 12 hour shifts

In the meanwhile, there have been no discussions over overtime pay, comp time or job security with the employees

Tesla engineers visit Twitter office to meet product leads, review code

Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc., moving swiftly to make a mark on the company

In a move to stoke demand, Tesla cuts prices in China by upto 9%

Tesla shares slumped as much as 4.1% before the start of regular trading and were down 2.3% to $209.43 shortly after 8 a.m. New York time

Guangdong: The Chinese province with more EV chargers than all of the US

The coastal region, which borders Hong Kong, has built hundreds of thousands of public charging points - the EV equivalent of gas pumps - over the past few years

Musk plans to cut Twitter workforce by 75% in a matter of months: Report

Elon Musk's plans for Twitter Inc. involve slashing its staff by nearly 75% in a matter of months, according to documents obtained by the Washington Post

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast

The electric-vehicle maker reported lackluster third-quarter results on Wednesday, with revenue and margins missing estimates even as profit beat.

Tesla aims to produce 50,000 Semi electric trucks in 2024: Elon Musk

Elon Musk-owned electric vehicle company Tesla is aiming to produce 50,000 Tesla Semi units per year in 2024

Tesla flags its cars not ready to be approved as fully self-driving this yr

Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said

Tesla doubles net income to $3.3 bn in Q3, automotive sales up 55%

Elon Musk-run Tesla has reported $3.3 billion in net income for the third quarter (Q3), more than double from a year ago, and its automotive revenue jumped 55 per cent from the same period last year

Tesla unveils home charging station that works with other electric vehicles

Electric vehicle company Tesla has launched a home charging station or Wall Connector as it calls it that works with other electric cars too, not just Tesla vehicles

Foxconn looking to make Tesla's electric vehicles in future: Report

The company also revealed two electric vehicle concepts at its third annual Hon Hai Tech Day as it tries to diversify its business and take on the automotive market

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Tesla to deliver first Semi Trucks to Pepsi by Dec 1, says Elon Musk

Tesla has started the production of its long-delayed Semi Truck that will have a 500 miles (800 km) range and will first reach Pepsi facilities, Elon Musk announced on Friday.