Major Tesla shareholder votes against Musk’s pay
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Children sue Tesla
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In September, Tesla admitted it had made a mistake designing its hidden door handles and confirmed its plan to make changes.
The world’s largest sovereign wealth fund voted against Tesla Inc.’s unprecedented stock award to Chief Executive Officer Elon Musk in the biggest show of opposition yet by a major shareholder.
Federal regulators ordered Tesla to comply with an investigation into possibly defective door handles that reportedly led to trapped passengers.
First, Tesla is a proven EV maker with worldwide name recognition and unparalleled access to capital given its $1.4 trillion market cap. This is a big deal in an industry rife with financial failures. Over the past decade alone, at least 30 EV start-ups have gone under.
Elon Musk says Tesla’s next Roadster will showcase “crazy technology” — possibly even flight-like capabilities — as the automaker juggles recalls and robotaxi scrutiny.
TSLA’s revenue growth of -1.6% over the past 12 months is negative, trailing GM, F, and RIVN but surpassing PCAR and OSK. For some context, Tesla manufactures electric vehicles, regulatory credits, designs, produces, installs, sells, and leases energy generation and storage solutions.
Before joining Tesla, Sharad Agarwal led Lamborghini India for nearly a decade, helping the brand dominate the country's super-luxury market
South Korea's Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla, in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion). Samsung SDI shares soared more than 8% on the news.