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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

Texas 126
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Elon Musk’s The Boring Company to switch state of incorporation

Teslarati

The Boring Company (TBC) will switch its state of incorporation to Nevada by March 2023. The tunnel boring company is the second Elon Musk-led company to announce a switch in its state of incorporation this past week. Like most Elon Musk-led companies, including Tesla, the Boring Company was previously incorporated in Delaware.

Las Vegas 142
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GM’s Cruise robotaxi business has lost almost $5 billion since 2018

Teslarati

As indicated by GM in its quarterly earnings report, the company lost $500 million on Cruise during the second quarter. GM’s expenses on Cruise appear to be increasing, especially as the company starts charging for rides in areas such as San Francisco. Overall, Cruise has lost nearly $5 billion since 2018.

2018 145
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Rare-earth metals, Mercedes electric plans, oil-company angst, Tesla news, rumor: Today's Car News

Green Car Reports

Today, we've got a Tesla rumor and a Supercharger expansion, news from Mercedes on electric SUVs, oil company Shell slamming the idea of future bans on cars with engines, and a primer on rare-earth metals. There will be three types of cruise-control system on the 2018 Nissan Leaf electric car; we sort them.

Mercedes 101
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Judge approves $40m SEC payout plan from 2018 Tesla, Musk settlements

Teslarati

A United States Federal Judge authorized the SEC to begin distributing over $40 million to shareholders that the agency received from Tesla and Elon Musk as part of a 2018 settlement. Musk and Tesla, the electric automaker Musk has grown into the most valuable car company on Earth, both paid $20 million in fines due to the Tweets.

2018 98
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Tesla subpoenaed by SEC regarding Musk stock sale poll, 2018 settlement

Teslarati

Tesla said in a Monday morning filing with the SEC that it was subpoenaed by the agency regarding information related to the company’s governance processes and compliance surrounding a Tweet from CEO Elon Musk in November 2021. The Twitter Poll may have violated the 2018 settlement, and Tesla is complying with the SEC’s demands.

2018 98
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Tesla sued by JPMorgan over Musk’s 2018 ‘funding secured’ Tweet

Teslarati

Tesla is being sued by JP Morgan Chase in a massive $162 million lawsuit over stock warrants linked to CEO Elon Musk’s infamous “funding secured” Tweet from 2018 when Musk hinted toward taking the company private at $420. Elon Musk (@elonmusk) August 7, 2018.

2018 120