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Tesla asks shareholders to back $56bn pay for Elon Musk rejected by judge
Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’
Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.
The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn over the next 10 years. Tesla is now valued at over $500bn, according to LSEG data.
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Elon Musk flies in to meet China’s premier as Tesla fights local rivals
Yahoo News - World - Elon Musk -
Tesla shares surge after Elon Musk secures deal with China’s Baidu
Shares in US electric-car maker soar 17% on autonomous driving prospects in world’s biggest auto marketFinancial Times - Business - Elon Musk -
Elon Musk’s Tesla teams up with China’s Baidu for driver assistance
Yahoo News - World - China -
Elon Musk’s Tesla teams up with China’s Baidu for driver assistance
US EV carmaker moves closer to rolling out more autonomous driving features in world’s biggest auto marketFinancial Times - World - China -
‘Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick reward
Deal to use mapping data from web search giant Baidu is a major step towards launching driver assistance tech in world’s biggest car market. Elon Musk’s visit to China has reportedly reaped immediate rewards with a deal for Tesla to use mapping ...The Guardian - World - China -
FirstFT: Elon Musk’s Tesla teams up with China’s Baidu
Also in today’s newsletter, US commander warns of China’s ‘boiling frog’ strategy in the Pacific and hopes rise for Gaza hostage releaseFinancial Times - World - China -
Elon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.The New York Times - Top stories - China -
Elon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.The New York Times - Business - China -
Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leadsABC News - Top stories - Elon Musk -
Supreme Court rejects Elon Musk's challenge to SEC agreement to vet his social media posts
The Supreme Court rejected tech billionaire and Tesla CEO Elon Musk's challenge to the terms of an agreement he reached with the SEC that required a layer to review some of his social media posts.NBC News - Top stories
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Mining firm BHP offers $25.7bn settlement for Brazil dam disaster
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