Tesla CEO Elon Musk said in an internal companywide email that the electric carmaker would be laying off 10% of its global workforce to reduce costs, according to multiple news outlets. “There is nothing I hate more,
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,
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 CEO Elon Musk says the EV giant needs to do a "complete organizational overhaul to reach the next level" every "half decade or so." "That said, our executive tenure is unusually high at well over 10 years at Tesla,
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.
Tesla has ended discounts on inventory across its electric vehicle lineup -- even as sales for EVs have flagged -- as part of a larger and vague plan by CEO Elon Musk to "streamline the whole Tesla sales and delivery system.
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.