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Hey Tesla fans, ever worry Musk’s side hustles are derailing EVs? The company’s $29B “good faith” grant aims to fix that, per fresh board docs. Tesla awarded CEO Elon Musk 96 million shares valued at approximately $29 billion on Monday, positioning the move as a “good faith” effort to retain him while his 2018 compensation…
On May 20, 2025, Elon Musk reaffirmed his dedication to leading Tesla as its chief executive for at least another five years, addressing the Qatar Economic Forum with a bold statement despite recent electric vehicle (EV) market struggles. Speaking at the event, Musk said, “Yes,” when asked about his commitment to Tesla in five years’…
On May 16th, Tesla sent a filing to the U.S Securities and Exchange Commissions updating Tesla corporate bylaws, stating that no shareholder...
Tesla’s decision to relocate its legal incorporation from Delaware to Texas has set off a ripple effect in the electric vehicle (EV) industry, with several major companies following suit. This trend, dubbed the “Dexit,” stems from a Delaware court ruling that canceled Elon Musk’s $56 billion Tesla pay package, prompting a reevaluation of the state’s…
Maryland is launching an ambitious expansion of its electric vehicle charging infrastructure, with plans to install 29 new fast-charging stations across state highways as part of a $30 million investment in zero-emission transportation. The Maryland Department of Transportation (MDOT) announced this week a request for proposals to establish charging locations every 50 miles along 23…
In a pivotal development for the electric vehicle industry, Tesla’s controversial 300-million share grant to CEO Elon Musk faces fresh scrutiny as it heads to the Delaware Supreme Court, reports the Financial Times. This latest chapter in the ongoing saga comes after a lower court’s February ruling that invalidated Musk’s mammoth $56 billion compensation package.…
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV pioneer saw its profits climb to $2.2 billion from July through September, compared to $1.9…
Fisker Inc., the bankrupt Southern California electric vehicle maker, has received a subpoena from the Securities and Exchange Commission (SEC), potentially signaling an investigation into the company’s practices. This development, reported by the Los Angeles Times, adds another layer of complexity to Fisker’s ongoing financial and legal challenges. The SEC Subpoena and Its Implications The…
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