- Reuters
Judge assured that Tesla won't contest Musk pay ruling outside Delaware
The Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the electric vehicle maker that it would not use an upcoming shareholder vote to attack her ruling. The shareholder legal team who sued over Musk's $56 billion pay package had asked Chancellor Kathaleen McCormick for orders to prevent their case from being undone in a Texas court. The company's shareholders vote next month to "ratify" the pay package that McCormick voided and to reincorporate Tesla in Texas.
- Zacks
Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Tesla (TSLA) closed at $176.75, marking a -1.39% move from the previous day.
- Reuters
Musk offers factory tours to investors as he seeks support for his pay package
SAN FRANCISCO (Reuters) -Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote, whose result will be announced at the company's annual meeting on June 13, is seen as a referendum on Musk's leadership as investors worry that he is distracted by his other ventures and that his often controversial comments are weighing on the reputation and sales of Tesla. The company is making an unusual and public effort to rally support for Musk's pay.
