Facing criticism that it is overly beholden to Elon Musk, Tesla’s board of directors said on Wednesday that it would essentially give him everything he wanted, including the biggest pay package in corporate history. If setbacks in court and the car market have induced any soul searching among Tesla’s board, there was no sign of…
Tesla on Monday settled a lawsuit that blamed the automaker’s driver-assistance software for the death of a California man in 2018, averting a trial that would have focused attention on the company’s technology several months before it plans to unveil a self-driving taxi. The trial stemming from the death of Wei Lun Huang, an Apple…
OpenAI, in its first public comments about Elon Musk’s lawsuit against the influential artificial intelligence research lab, said that Mr. Musk tried to transform the lab from a nonprofit into a for-profit operation before he left the organization in early 2018. The comments, made in a blog post published on Tuesday evening, are part of…
Tesla was forced to halt production at its assembly plant outside Berlin early Tuesday after someone set fire to a nearby high-voltage pylon, causing a blaze that cut off electricity to the factory and surrounding region, the police said. The Brandenburg police said they responded to the fire at a high-voltage power mast in a…
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China…
A Delaware judge’s decision to void the pay package that helped make Elon Musk the world’s richest person leaves Tesla’s board of directors with some difficult decisions to make. Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery on Tuesday ordered Tesla to cancel stock options awarded to Mr. Musk, the electric car…
Tesla’s profit more than doubled during the last three months of 2023 compared with a year earlier after the electric carmaker booked a tax benefit. But profit from car sales slumped after Tesla cut prices to fend off increasingly intense competition, the company said on Wednesday. Profit in the fourth quarter was $7.9 billion, up…
Elon Musk, the chief executive of Tesla, stunned investors by demanding that the company’s board give him shares worth more than $80 billion if it wants him to continue developing products based on artificial intelligence. In the latest demonstration of his disregard for conventional ways of communicating with investors, Mr. Musk said late Monday on…
