Tesla proposes package for Musk that could top $1 trillion
Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies. The plan, which runs for 10 years and must be approved by shareholders, provides Musk with up to 12 percent of current total shares, according […]
Tesla shares jump as profits rise on lower expenses
Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices. The company, led by Elon Musk, reported third-quarter profits of $2.2 billion, up 17 percent from the year-ago period on an eight-percent increase in revenues […]
Elon Musk to unveil ‘Cybercab’ at Tesla robotaxi event
Tesla boss Elon Musk is to unveil a prototype of the firm’s long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California on Thursday. Self-driving cars have long fascinated Mr Musk and he has made a series of bold predictions about them – including that they will save lives or earn their owners […]
Tesla cuts US prices for the fifth time since January
Tesla cut prices in the United States between 2% and almost 6%, according to its website reflected this Thursday. This is because the company extended a discount campaign for its electric vehicles that analysts warn could hurt its profitability. Tesla’s fifth such cut in the market since the start of the year comes as the […]
