Lucid board greenlights CEO Peter Rawlinson’s $6 million cash bonus

In an 8-K filing to the US Securities and Exchange Commission (SEC), Lucid Group Inc. noted that its board had approved a $6 million cash bonus to CEO Peter Rawlinson. The bonus incited some raised eyebrows among EV enthusiasts, including Tesla CEO Elon Musk, who criticized the Lucid CEO’s bonus.  Lucid explained the rationale behind […]

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Tesla listed as ‘most crowded’ short position among U.S. securities: Hazeltree

Tesla stock (NASDAQ: TSLA) was the most crowded large capitalization security in terms of being shorted, according to Hazeltree’s analysis of short-sided stocks for January. Tesla has long had a reputation for being a popular stock to short. Shorting a stock means that a seller borrows shares, usually from a broker-dealer, hoping to buy them […]

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Tesla price targets drop for varying reasons, but some feel like a reach

Tesla (NASDAQ: TSLA) price targets were dropped by several firms due to varying reasons, but some feel like a reach. It is no secret Tesla stock has been beaten and battered so far this year. As of February 6, shares are down over 25 percent, and the slide truly started to get intense after the […]

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Over 5.8k Tesla investors representing $4.1 billion are speaking out in support of Elon Musk

Thousands of retail Tesla (NASDAQ:TSLA) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The judge’s decision, which concluded a legal complaint started by a thrash metal drummer with nine Tesla shares, was met with polarizing reactions.  The […]

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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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General Motors reports strong quarter, but EV fans might be disappointed

General Motors (NYSE: GM) reported strong quarterly earnings for Q4 2023 today, but electric vehicle fans might be disappointed with the company’s outlook. GM beat Q4 estimates on revenue by reporting $42.98 billion, better than the $39.53 billion consensus estimate. Additionally, its EPS was $1.24, beating an estimate of $1.16. Shares spiked over 7 percent […]

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Tesla releases its spending plans for EVs and AI

Tesla detailed its capital expenditure plans for 2024 and beyond in a 10-K it released this morning. Tesla has routinely revealed an increase in planned capital expenditures over the past few years, and 2024 seems to be no different. In a 10-K, which was released by Tesla this morning, it expects to spend at least […]

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Tesla can rebound with these 10 turnaround ideas: Wedbush

Tesla (NASDAQ: TSLA) can rebound with 10 turnaround ideas, according to a new note from Wedbush analyst Dan Ives. Tesla reported Earnings for Q4 and Full Year 2023 on Wednesday, and after what was widely considered to be a weak conference call, the stock dropped over 12 percent on Thursday. Dan Ives, an analyst at […]

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ARK Invest loads up on over $5M in Tesla stock following Earnings slide

ARK Invest has loaded up on over $5 million in Tesla stock following a 12.13 percent slide in share price on Thursday after Wednesday’s Earnings Call. ARK bought 148,246 shares in its $ARKK ETF, its Innovation Fund. Meanwhile, it snapped up 29,624 in the Next Generation Internet ETF, known as $ARKW. Based on Tesla stock’s […]

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