Norway's sovereign-wealth fund is the first major institutional investor to disclose how it voted on the chief executive's pay package.
Norway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.
Tesla has been sued over a fiery Wisconsin crash that killed all five occupants of a Model S, who were allegedly trapped inside because of a design flaw that prevented them from opening the sedan's doors.
Tesla Inc (NASDAQ:TSLA) is expected to receive strong backing from shareholders for CEO Elon Musk's proposed $1 trillion compensation plan at the company's annual meeting this Thursday, according to Wedbush analysts. The firm reiterated its ‘Outperform' rating and $600 price target, implying upside from its current share price of about $470, forecasting that the vote will pass easily.
Tesla (TSLA) shareholders will be voting on Tesla CEO Elon Musk's $1 trillion pay package ahead of the company's annual shareholder meeting on Thursday, Nov. 6. Sevens Report Research founder Tom Essaye tells Yahoo Finance that shareholders should "write the check" and let Musk "do his thing."
China's EV race is heating up again, and not even Tesla's biggest rival is safe. BYD has seen sales and profits drop as it battles a new wave of competition.
Tesla (TSLA) stock is usually evaluated through the prism of electric vehicles (EVs), and rightfully so. After all, Elon Musk's company is the largest domestic EV manufacturer and one of the largest makers of those vehicles in the world.
Mr. Musk's supporters say he may quit if shareholders don't approve a trillion-dollar package. Some investors say it's excessive and would give him too much sway.
Will he get it, is he worth it, and is it good governance are three questions Tesla investors will wrestle with this week.
South Korea's Samsung SDI has reached an agreement with Tesla to supply more than 3 trillion won ($2.11 billion) worth of ESS (Energy Storage System) batteries to Tesla over three years, the Korea Economic Daily reported on Monday.
Tesla plans to ramp up EV and Cybercab production in 2026, along with capital spending. Elon Musk is doubling down on autonomous driving and preparing for future growth.
The market no longer considers Tesla an automaker. Robotaxis will drive Tesla's valuation moving forward.