elon musk tesla

The lawyers who successfully voided Elon Musk‘s $56 billion Tesla pay package as excessive admitted their request for a $6 billion fee is “unprecedented,” but by some measures, it might be cheap.The fee request, like Musk’s pay package targeted in the case, defies easy comparisons. A judge in Delaware in the coming weeks will be asked to decide if it is reasonable and meets various legal requirements.The fee implies an hourly rate of $288,888 for the work that each of the 37 lawyers, associates, and paralegals spent on…

Image Source : REUTERS Neuralink Elon Musk, a billionaire who has been in the news for his bold statements on various topics on X (formerly known as Twitter), SpaceX and the owner of brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states. The development comes about…

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World's richest man and Tesla CEO Elon Musk has apologised to India's commerce minister Piyush Goyal for not being able to be with him during a visit to the…

Image Source : FILE Twitter's new logo 'X' Twitter has recently undergone a major rebranding as 'X', which resulted in the company taking over the @x handle on the platform. The original owner of the handle, Gene X Hwang, who runs a corporate photography and videography studio called Orange Photography, confirmed that Twitter had taken over the account without prior…

Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule.The company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck. “First Cybertruck built at Giga Texas!” Tesla tweeted, including a cowboy hat-wearing emoji. Owner Elon Musk retweeted the post. Musk unveiled the truck in late 2019, and Tesla had said production would start in late 2021, although the company has since cautioned that…

Tesla is in talks with the Indian government to set up a Gigafactory in India with the capacity for manufacturing 500,000 electric vehicles annually. For years, Tesla has been thinking about whether to set up a plant in India, but the plans seem to have moved forward with Elon Musk-led company in talks about making India the export base for the Indo-Pacific region, as per a report by the Times of India.Tesla's India plansAt present, Tesla's biggest plant remains in China with a reported annual manufacturing capacity of…

As Prime Minister Narendra Modi concluded his state visit to the US that was aimed at improving the partnership between India and the Western superpower in technology, three major corporations including Google, Amazon, and Microsoft have announced individual tech investments in India. The companies will make big capital investments and offer technology cooperation to develop the digital infrastructure of the country.Google CEO Sundar Pichai announced today, June 24, that the company will open its global fintech…

Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls. Investors said this included when…

Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters' review of its website, even as the electric carmaker has raised U.S. prices on most newly ordered cars this month. Facing economic headwinds and mounting competition, Tesla this year has aggressively cut vehicle prices in several regions and is resorting to the traditional automakers' tactic of offering incentives to clear inventory, analysts said. On Tuesday, CEO…