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Stocktwits on MSNDon't Sue Us Unless You Own 3%: Tesla Tightens Shareholder Lawsuit Rules After Musk Pay Deal DebacleTesla, Inc. (TSLA) has made a key tweak to its corporate bylaws, ostensibly to avoid a repeat of a previous debacle that ...
Changes to the Texas automaker’s bylaws would require investors to own at least 3% of the company’s shares to “institute or ...
Tesla has changed its corporate bylaws in order to limit shareholders' ability to sue for a breach of fiduciary duties, a ...
A new rule blocks nearly all retail shareholders from challenging Tesla's board in court--unless they hold $34 billion.
That is far higher than the nine shares owned by Richard Tornetta when he sued Tesla's CEO Elon Musk and several of its ...
In June 2024, Musk moved his company's legal headquarters to Texas from Delaware. The move came after a Tesla shareholder sued Musk in Delaware court over his $56 billion compensation package ...
Tesla’s decision to raise the barrier for shareholder lawsuits comes just months after a major legal loss in Delaware, where it had been incorporated until recently. In that case, brought by Tesla ...
"Musk could do a reversal on his political career and dedicate 100% of his time to Tesla, but the rot has set in," said Sue Benson, CEO and founder of The Behaviours Agency, a marketing firm.
A pair of bills out of the Lone Star State could make it easier for big businesses like Tesla to quash shareholder lawsuits ...
In fact, it continued until after Tesla shareholders sued Musk over the acquisition, and Musk defended himself by claiming that SolarCity had become an integral part of Tesla. Shortly after he won ...
AI, Elon Musk's AI company, reported that its Grok AI model generated outputs focusing on "white genocide" due to an ...
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