The Tesla Inc. shareholder who successfully challenged co-founder Elon Musk’s $56 billion pay package is asking the Delaware court for an order barring Musk from trying to move the dispute to Texas.
Tesla’s stock soared by more than 11% Wednesday after CEO Elon Musk said the company would accelerate the rollout of more affordable electric vehicles in hopes of boosting sagging profits. Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report,
But even resolving every safety concern may not stop Tesla’s entire EV business from becoming a hazard. Yesterday afternoon, the world’s most valuable car company released its earnings report for the first quarter of 2024,