Yesterday’s paycheck is a poor guarantee of good work tomorrow. Electric-car maker Tesla is asking investors to re-ratify boss Elon Musk’s court-voided 2018 pay package at an upcoming shareholder meeting.
Tesla stock has dropped every day, falling more than 12%. Tesla’s large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop. Now investors are waiting to hear from CEO Elon Musk next Tuesday.
Tesla stock fell to a new 52-week low on Thursday, just days before Elon Musk’s electric vehicle company is set to report full earnings for the first quarter of 2024.
Tesla shares are down 40% so far this year, and Deutsche Bank analysts said they price in another 19% of downside as Tesla makes a major shift as a company.
Deutsche Bank analyst Emmanuel Rosner downgraded shares of electric-vehicle firm Tesla to Hold from Buy, and slashed his price target to $123 from $189.
Tesla stock fell again Wednesday as the company planned to ask shareholders to vote again on Musk’s 2018 pay package as part of its 2024 preliminary proxy statement. Musk’s massive 2018 options grant,
Tesla's business is heading in the wrong direction, and the stock slide may continue. Tesla ( TSLA -1.06%) announced layoffs earlier this week, and that followed weak deliveries for the first quarter of 2024.
Tesla stock continued to drop after shares closed below an important level of support earlier in the week. The recent action leaves investors wondering where shares are headed as the company’s first-quarter earnings report approaches.
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed
Tesla Is at a 52 week low, and it looks like a train wreck. The company's last holy grail is an autonomous vehicle that excites investors, but given the empty autonomy promises so far it's hard to take those promises too seriously.
Tesla chief Elon Musk admitted in an internal email sent Wednesday that some of the staffers affected by the electric automaker’s 10% headcount reduction earlier this week had received “incorrectly low” severance packages.