A Delaware judge ruled on Monday that the Tesla chief, Elon Musk, still is not entitled to receive a $56bn compensation package despite shareholders of the electric vehicle company voting to reinstate it.The ruling by the judge, Chancellor Kathaleen McCormick of the court of chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker.Tesla has said in court filings that the ...

Advertisement A Delaware judge decided against reinstating Elon Musk's $56 billion pay package.Tesla shareholders approved Musk's pay package in June, after a judge voided it in January.Tesla's next steps could be to appeal the ruling or create an entirely new compensation plan.A Delaware judge has once again slapped down Elon Musk's pay package from Tesla."The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains ...

Delaware Chancery court judge Kathaleen McCormick has denied Tesla’s request to revise her decision to strike down CEO Elon Musk’s $56 billion pay package — despite shareholders voting at the company’s annual meeting this year to “re-ratify” the deal. Her decision, laid out in a 103-page opinion published on Monday, explains that the attempt by Tesla’s legal team — which Musk has called “hardcore” — to change her mind contained multiple flaws, each of which were fatal on their own. Tesla has been expected ...

Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan improperly granted.The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway ...

As the holiday shopping season begins to ramp up, the Consumer Discretionary sector is making waves. It is outperforming the broader S&P 500 Index. The sector posted an impressive 11.02% gain in November, significantly outpacing the S&P 500’s 3.42% increase.The Consumer Discretionary Select Sector SPDR ETF XLY serves as a barometer of companies in the consumer discretionary sector in the U.S. The S&P 500 Index, which tracks the board market, is mostly widely tracked by the SPDR S&P 500 ETF SPY, the iShares ...

Key TakeawaysTesla shares advanced to their highest level in two-and-a-half years as two analysts published optimistic opinions about the EV maker's future.Roth Capital Partners upgraded the stock and raised its price target, arguing Tesla will benefit from a Trump presidency.Stifel also boosted its price target, pointing to Tesla's self-driving technology and robotaxi opportunities. Tesla (TSLA) shares rose Monday as two analysts offered optimistic outlooks for the electric vehicle maker. Roth Capital Par ...

Here's everything you need to know about the electric vehicle maker's week.In this week's video, I cover need-to-know news about Tesla (TSLA 2.44%) from the week of Nov. 25. Check out the short video to learn more, consider subscribing, and click the special offer link below.You can find last week's summary here.*Stock prices used were from the trading day of Nov. 29, 2024. The video was published on Nov. 30, 2024. ...

While some automakers have navigated the transition away from internal combustion engines successfully, like electric vehicle trailblazer Tesla (NASDAQ: TSLA), other companies are struggling. The current EV crisis is showing no signs of stopping, and the sector is seemingly faced with a winner-takes-all scenario.Nowhere is this more apparent than in Europe, where national governments and transnational bodies have resorted to severe tariffs on Chinese EVs in order to protect local markets — although some pro ...

Shares of Tesla Inc. were starting December with a gain, as investors cheered the long-awaited update to electric-vehicle giant's Full Self-Driving software. The "significant" potential from Tesla's TSLA artificial intelligence-based FSD offering, which fuels Chief Executive Elon Musk's Robotaxi dreams, led Stifel analyst Stephen Gengaro to lift his stock price target to be the highest on Wall Street. ...

Brokerage firm Stifel has raised Tesla's (NASDAQ: TSLA) share price target by approximately 43%, citing confidence in the company's advancements in autonomous driving technology. This comes as Tesla aims to reclaim the $350 mark amid the ongoing post-election rally. At the close of trading on November 29, TSLA was valued at $345.13, ending the day up 3.6%. The electric vehicle (EV) manufacturer extended its strength in the December 2 pre-market session, up 1.4%, trading at $350. price chart. Source: Finbold ...