Tesla directors settle lawsuit above compensation for $735 million

Tesla directors settle lawsuit above compensation for 5 million


In this image illustration, the Tesla, Inc. logo is shown on a smartphone display. 

Rafael Henrique | Lightrocket | Getty Visuals

Tesla Inc‘s directors agreed to settle a shareholder lawsuit tough their compensation by returning to the corporation the value of 3.1 million stock options, worth $735 million, according to a Monday submitting in a Delaware court docket.

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock choices that were being granted to Tesla directors starting off in June 2017.

The settlement does not effects the $56-billion compensation package deal of Elon Musk, which is staying challenged by shareholders in a individual lawsuit that went to demo very last year. A ruling is envisioned soon in the Musk circumstance.



Supply

China urges halt to auto industry’s bruising price wars
World

China urges halt to auto industry’s bruising price wars

People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and […]

Read More
Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending
World

Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending

US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia’s Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Mohd Rasfan | Afp | Getty Images SINGAPORE — Pentagon chief […]

Read More
China’s manufacturing activity contracts amid trade tensions
World

China’s manufacturing activity contracts amid trade tensions

A worker works in a workshop of a textile products manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou City, Shandong Province, China, on May 10, 2025. Costfoto | Nurphoto | Getty Images China’s manufacturing activity contracted for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to […]

Read More