Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.
Investors appeared to shrug off more controversy about the EV maker's self-driving technology over the weekend.
The share price of Tesla (NASDAQ: TSLA) is entering what has historically been its most challenging period of the year.
Tesla (TSLA -1.69%) shares have declined 25% year to date as the electric carmaker has struggled with weak demand amid growing competition and consumer backlash against CEO Elon Musk's politics. The company is currently worth $976 billion, but several Wall Street experts anticipate substantial upside in the years ahead.
It's not a stretch to say that Tesla (TSLA -1.69%) has already changed lives, at least for early investors. Over the past decade, its stock has soared more than 1,700%, turning relatively modest investments into life-changing wealth.
TSYY offers a massive 140% annualized yield via synthetic option writing on leveraged Tesla ETFs, but this income is unsustainable and erodes capital. The fund's share price has declined over 63% since inception, with total returns still negative even after factoring in distributions. TSYY's high risk, capped upside, and lack of downside protection make it suitable only for aggressive income-seeking investors comfortable with capital loss.
A jury has ruled that Tesla is partly to blame for the death of a young woman who was hit by an electric car on Autopilot.
A fatal collision in 2019 occurred when a Tesla driver had Autopilot mode engaged.
The automaker was found partly liable over its driver-assistance software in a deadly 2019 collision.
The decision ends a four-year long case remarkable not just in its outcome but that it even made it to trial.
A jury in Florida determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash. The company must pay $329 million in damages to victims and survivor, including compensatory and punitive damages.
A jury found Tesla partially liable for a fatal 2019 crash involving driver-assistance technology in Key Largo, Florida, and slapped the company with $200 million in punitive damages, the Washington Post reported on Friday.