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Tesla has announced that longtime Chipotle executive Jack Hartung will join the EV giant's board. Hartung served as CFO of the fast-food chain for 22 years before becoming president last year.
Daniel Loeb's Third Point sold off its stakes in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. during the first quarter and cut its position in Amazon.com Inc. However, the hedge fund took a new stake in AI chipmaker Nvidia Corp.
The chair of Tesla sold more than $230 million of company stock since Elon Musk's endorsement of Donald Trump triggered boycotts and protests against his cars.
Tesla last November ended an unusual policy that prohibited U.S. leasing customers from buying their cars at lease-end.
The better mood this week isn't only reflected in the stock price. It is also expressed in put and call stock options activity.
Tesla Inc (NASDAQ:TSLA) is set to resume shipping components from China to the United States for the production of its upcoming Cybercab and Semi truck models, according to a Reuters report citing a person with direct knowledge of the matter. The move, expected to begin at the end of May, follows a recent trade truce between the US and China that rolled back most tariffs and retaliatory measures.
TSLA's robotaxi service is set for launch next month with driverless rides, but NHTSA wants answers first. It is scrutinizing FSD's performance in tough conditions.
Tesla Inc (NASDAQ:TSLA)'s board has formed a special committee to evaluate CEO Elon Musk's compensation, which could lead to a new stock options package, The Financial Times (FT) reported, citing people familiar with the matter. The committee comprises board chair Robyn Denholm and independent director Kathleen Wilson-Thompson, and was established to assess alternative ways to compensate Musk in the event his voided 2018 pay deal is not reinstated through appeal.
Shares of Tesla Inc NASDAQ: TSLA closed just under $320 on Monday, extending a powerful rebound that began after its Q1 earnings release last month. That report, while technically a miss on headline numbers, appears to have reset market expectations and removed a major overhang.
Tesla's board is negotiating a new pay deal for CEO Elon Musk, according to a published report, in what represents a challenge given that his personal involvement represents both positive and negative implications for the company.
Investors aren't focused on falling sales right now. They are focused on Elon Musk, new models, and self-driving cars.