- Investor's Business Daily
Tesla Chair Signals Elon Musk Could Exit Without A 'Motivating' Pay Deal
Tesla Board Chair Robyn Denholm says it is imperative that Chief Executive Elon Musk's 2018 $56 billion compensation package is reapproved if the EV giant wants to continue "motivating him" to work for the company, according to a regulatory filing Thursday. TSLA shares angled lower Friday. In a letter sent to Tesla shareholders Wednesday, Denholm implored investors to give Musk his 2018 pay deal.
- Reuters
Tesla objects to $5.6 billion payout for lawyers who voided Musk's pay
The legal team that voided Elon Musk's record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for Richard Tornetta, the shareholder whose lawsuit led to a January ruling voiding Musk's $56 billion pay package, should be paid as little as $13.6 million for their work, which began with a 2018 complaint.
- Barrons.com
CATL Stock Plunges After Lawmakers Request Import Ban
Shares of Comtemporary Amperex Technology Co. Ltd. better known as CATL, fell in overseas trading Friday after U.S. lawmakers said it should be added to an import ban list. The catalyst was a 15-page letter sent to President Joe Biden that was signed by four Republican House representatives and Republican Sen. Marco Rubio (R., Fla.). The lawmakers asked for CATL to be added to the entity list under the Uyghur Forced Labor Prevention Act, which essentially bans products from entering the U.S. if the government believes they were made forced labor in parts of China.
