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ReutersTesla, opponents of Musk's pay clash over resolving compensation lawsuit
WILMINGTON, Delaware (Reuters) -Tesla and opponents of Elon Musk's compensation clashed on Friday over ways to resolve the legal quagmire that has engulfed the CEO's $56 billion pay package and billions of dollars in potential legal fees generated by the case. Tesla said in a court filing that a Delaware judge should recognize a vote by Tesla shareholders in favor of the pay package and reverse her January ruling that voided the compensation. In response, shareholder attorneys said the vote to ratify Musk's pay has no legal effect and the only way for Tesla to challenge the January ruling is to appeal to the Delaware Supreme Court.
BenzingaHyundai Charges Ahead To Solidify Its EV Positioning Despite The Slowdown
Hyundai Motor Company (OTC: HYMTF) announced the launch of two new electric vehicles in Europe in an effort to boost its market share. The two new models, an affordable EV called the Inster EV,and a new IONIQ model, are key segment launches. While its rivals, including traditional automakers like General Motors (NYSE: GM) and Ford Motor (NYSE: F), but also the EV king, Tesla Inc (NASDAQ: TSLA) are scaling back their efforts, Hyundai is increasing its efforts to fight for leadership in the EV era
Barrons.comAlphabet Stands to Win From Tesla’s Robotaxi Day
BofA Securities analyst Justin Post points out that the EV maker isn’t the only company that can benefit from the trillion-dollar opportunity self-driving taxis offer.
