Tesla Inc Shares

The lawsuit adds to growing scrutiny of Tesla's driver assistant systems Autopilot and Full Self-Driving

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Tesla last year skipped merit-based stock awards to employees

Many major shareholders and some smaller ones voted against the pay package, frustrated by the size of the award, slowing business at Tesla and Musk's growing list of distractions

The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high

Currently, Tesla's Model 3 and Model Y, with starting prices of around $40,000, are its only volume sellers

Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market

The judge called Tesla's process of approving the pay package "deeply flawed"

It remains unclear whether Musk will appeal Tuesday's ruling or Tesla's board will draw up a new pay package

The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault

Elon Musk's big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. Sales jumped and the company beat analyst expectations for net income in the April-June quarter, although the company's profit margins declined. Tesla shares followed suit in after-hours trading. The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of USD 2.7 billion in the quarter, a 20 per cent increase from a year ago. Earnings per share also rose 20 per cent to 78 cents when measured via generally accepted accounting principles. Total revenue rose 47 per cent to USD 24.93 billion. Analysts, however, tend to focus on Tesla's own measurement of profit, which excludes stock-based compensation expense. By that measure, Tesla's net income zoomed to USD 3.15 billion, or 91 cents a share, sharply exceeding average analyst estimates of 80 cents per share according to FactSet. Some ...

Investor Day disappoints as firm says it would cut EV production costs by 50%, and remains silent on the much-awaited affordable car

Funds backed by Wood's Ark Investment Management LLC bought 132,213 shares in Elon Musk's company on Monday, marking the firm's first purchase of Tesla since mid-June

Tesla Inc Chief Executive Elon Musk has denounced as "utterly untrue" claims in a news report that he sexually harassed a flight attendant on a private jet in 2016.

Most of the vapourisation is coming from investors abandoning Tesla. Their carp is that legal issues at Twitter might distract the maverick suitor

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. Along with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world's most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk's tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn't comment, and a message was left for Musk's ...

The shares were sold over the past few days, at prices ranging from $872.02 to $999.13

The 12.2% drop in shares equates to a $21-billion drop in the value of Musk's Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal

The proposal has been approved by its board and the shareholders will vote on it at the annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020.

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.