Tesla bull weighs in on Delaware Court decision against Musk’s TSLA comp plan

Tesla (NASDAQ:TSLA) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. A legal complaint against Musk’s pay package was filed in 2018 by Richard Tornetta, a thrash […]

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Elon Musk’s Tesla pay package gets voided, Judge rules in favor of shareholder

Elon Musk’s Tesla pay package has been voided by a Delaware Judge after the case was ruled in favor of the plaintiff, a shareholder who challenged the validity of the amount of the payday. Judge Kathaleen McCormick ruled in the Delaware Court of Chancery that Musk’s pay package did not meet the standard of a […]

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Last year, the European Union (EU) officially approved a mandate to end the sale of new gas cars by 2035, in order to help reduce greenhouse gas emissions and slow […]

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SpaceX Falcon 9 sends Northrop Grumman Cygnus spacecraft to ISS

SpaceX successfully sent Northrop Grumman’s Cygnus spacecraft to the International Space Station (ISS) today in a launch that left Cape Canaveral Space Station at 12:07 p.m. EST. The Cygnus spacecraft was launched off of a SpaceX Falcon 9 rocket. In all, four tons of cargo were onboard, sending plenty of cargo to the ISS. Liftoff […]

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GM plans to bring plugin hybrids to North American market

During the General Motors (GM) 2023 earnings call held this week, CEO Mary Barra said the company will be bringing plugin hybrid electric vehicles (PHEVs) to North America—despite still being committed to going all-electric by 2035. GM held its earnings call and released 2023 financial results on Tuesday, with CEO Mary Barra noting that the […]

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