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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Lordstown is commencing a comprehensive marketing and sale process for the Endurance electric pickup and related assets. Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. Earlier post.)

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Tesla can rebound with these 10 turnaround ideas: Wedbush

Teslarati

One of the more notable things to recognize on the list is the price cut narrative, which investors continue to focus on. While they are great for consumers, they put pressure on Tesla’s profits, which is why it has continued to be so strong for years. I’d love to hear from you!

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Twitter urges shareholders to approve $44bn Musk buyout

Teslarati

Elon Musk’s legal team calls out Twitter over alleged pretrial delays. Company Chairman Bret Taylor said, “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. I’d love to hear from you!

Legal 96
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Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

Tesla’s Chief Accounting Officer Vaibhav Taneja has unloaded 4,459 shares of the electric automaker’s stock, taking home $2,947,330 due to the sale, SEC documents reveal. due to the sale of common stock. Meanwhile, Tesla’s VP of Legal Al Prescott joined LiDAR company Luminar in late April.

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Lordstown Motors should face rival’s trade-secret robbery trial in spite of chapter

Baua Electric

The ruling is a setback to Lordstown, which filed chapter terminating life to bring to behavior a snappy sale of its belongings. million in damages, plus charges, prices and spare consequences. Chapter Courtroom for the District of Delaware. Karma seeks $913.2 The chapter is Lordstown Motors Corp., 23-10831, U.S.

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Tesla hit with new lawsuit over Musk’s stock sale Twitter poll, Warren Tweets

Teslarati

Filed in the Delaware Chancery Court, the lawsuit accuses Musk of Tweeting in a manner that could affect the value of Tesla stock. Musk remains undeterred and continues to post on Twitter and social media on matters that are material to Tesla and its stockholders, and which ultimately have an impact on Tesla’s stock prices.”

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Tesla 2024 Annual Shareholder Meeting transcript: June 13, 2024

Teslarati

I want to give a special shout out to our small but mighty IR team and legal team, and everyone involved in running this year’s proxy campaign—both inside and outside of Tesla. The fact that current levels may be legal does not mean they are safe. We presented a similar proposal in 2021. In fact, U.S.

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