article thumbnail

Tesla bull weighs in on Delaware Court decision against Musk’s TSLA comp plan

Teslarati

Tesla ( NASDAQ:TSLA ) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. Now, obviously, this is a jaw-dropper that came down in Delaware.

Delaware 111
article thumbnail

Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Abbott shared his thoughts in a post on his personal X account.

Texas 107
article thumbnail

Twitter CEO delays deposition with Elon Musk over personal reasons

Teslarati

Twitter CEO, Parag Agrawal, delayed the scheduled deposition with Elon Musk over personal reasons, The New York Post reported , noting that this sparked a bit of speculation of a settlement reached between the two sides. Follow us for interactive news & more. They are both now trying to reschedule.

Personal 143
article thumbnail

Twitter files suit against Elon Musk in Delaware court to enforce buyout deal

Teslarati

On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. Twitter claims Musk “refused to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.” — Bret Taylor (@btaylor) July 12, 2022. .

article thumbnail

US Transportation Secretary LaHood issues “Blueprint for Ending Distracted Driving”; $2.4M for California, Delaware pilot projects

Green Car Congress

million in federal support for California and Delaware that will expand DOT’s “Phone in One Hand, Ticket in the Other” pilot enforcement campaign to reduce distracted driving. Provides all stakeholders with actions they can take that go beyond personal responsibility to helping end distracted driving nationwide.

Delaware 244
article thumbnail

Elon Musk’s $56B Tesla pay package gets no support from Norway wealth fund

Teslarati

However, “we remain concerned about the total size of the award, the structure given performance triggers, dilution, and the lack of mitigation of a key person risk.” In April 2024, Tesla filed paperwork so shareholders could approve Elon Musk’s 2018 pay package again. billion and a $2.6 billion grant date fair value.

Norway 87
article thumbnail

Tesla shareholders are taking a stand against law firm’s $6B TSLA stock request

Teslarati

This is highlighted in a grassroots effort from Tesla stockholders who are currently using their voices to ask Delaware Judge Kathaleen McCormick to deny the request of law firm Bernstein Litowitz Berger & Grossmann, which is demanding a compensation of nearly $6 billion for their services in the case against Musk.

Delaware 118