Jul 24 Weak profit reports from big tech companies send stocks tumbling on Wall Street By Stan Choe, Alex Veiga, Associated Press A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology. Continue reading
Jun 15 How Elon Musk’s $44.9B Tesla pay package compares to other top U.S. CEO plans By Tom Krisher, Associated Press Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison. Continue reading
Jun 13 Tesla shareholders restore CEO Elon Musk’s $44.9 billion pay package in annual meeting vote By Tom Krishner, David Hamilton, Associated Press The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court and Supreme Court for months as Tesla tries to overturn the rejection. Continue reading
Apr 29 Supreme Court rejects Elon Musk appeal over tweets that must be approved by Tesla By Associated Press 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 tweets that relate to Tesla, the electric vehicle company he leads. Continue reading
Apr 26 Federal agency investigates effectiveness of recall of Tesla’s Autopilot system By Tom Krisher, Associated Press The National Highway Traffic Safety Administration says in documents posted on its website Friday that Tesla has reported 20 more crashes involving Autopilot and since the recall. Continue reading
Apr 17 Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge By Tom Krisher, Michelle Chapman, Associated Press In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $56 billion. Continue reading
Apr 15 Tesla reportedly to lay off a tenth of its workforce after dismal first-quarter sales By Associated Press The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year. Shares of Tesla fell nearly 3% in Monday morning trading after the news broke. Continue reading
Feb 02 Tesla to recall more than 2 million vehicles to fix warning lights that are too small By Tom Krisher, Associated Press Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small. Continue reading
Jan 30 Elon Musk cannot keep Tesla compensation package worth more than $55 billion, judge rules By Associated Press A judge says Elon Musk must give up a compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion. Continue reading
Dec 21 More U.S. auto buyers are turning to hybrids as sales of electric vehicles slow By Tom Krisher, Associated Press America's automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years. But so far, while EV sales are growing, their pace is falling well short of the industry's ambitious timetable. Continue reading