Tesla board chair Robyn Denholm thanked the electric-vehicle maker's shareholders on Monday for approving CEO Elon Musk's $878 billion pay package.
Tesla's best-selling Model Y's program manager, Emmanuel Lamacchia, announced his departure on Sunday after nearly eight years, marking another high-profile exit from Elon Musk's electric vehicle company.
Tesla Inc (NASDAQ:TSLA) shares added almost 4% after it was announced that the head of its divisive Cybertruck unit, Siddhant Awasthi, is departing the company after eight years. Awasthi began his career at Tesla as an intern in 2017 and eventually led the Cybertruck program from engineering through mass production.
Siddhant Awasthi, head of the Cybertruck program, announced his departure from Elon Musk's automaker late Sunday.
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Tesla shares up 2.1% pre-market trading Monday after Cybertruck chief Siddhant Awasthi announced his departure, coming just days after shareholders approved Elon Musk's record $1 trillion compensation package.
The CEOs of Tesla and Rivian last week received big pay packages last week – which only pay off if the companies' stock market values soar.
Siddhant Awasthi, Tesla's head of the Cybertruck program, recently announced on LinkedIn he was leaving the company after eight years.
Tesla's Cybertruck lead is departing the company. Siddhant Awasthi thanked Elon Musk in a farewell post, referencing the billionaire's $1 trillion pay package.
Tesla shareholders back Elon Musk's record $1 trillion pay plan, betting on his bold AI, robotics and autonomous vision despite EV headwinds.
Tesla's head of the Cybertruck program, Siddhant Awasthi, said late on Sunday that he is leaving the U.S. electric vehicle maker after more than eight years with the company.
Tesla shareholders approved Musk's $1 trillion pay package contingent on performance. Some large shareholders, including the world's largest wealth fund, had voted against the plan.