Tesla has been in the spotlight recently due to a variety of significant occurrences. A notable one is Tesla CEO Elon Musk's massive
$56 billion compensation package that has been heavily criticized, with advisory firm Glass Lewis recommending shareholders to reject it. In addition, the automaker has also faced a series of layoffs, with a hiring freeze being lifted only for one department. On a positive note, Tesla's stock gained despite
reports of cut backs in Model Y production in China and a large-scale layoff. The automaker also plans to begin production of an affordable new electric vehicle by the beginning of 2025. However, contrary to ascending expectations, Tesla's European sales dipped to a 15-month low in Q2. The company also continues to face pressure over
delays in the roll-out of its advanced driver-assistance tech in China. Interestingly, Altimeter Capital significantly increased its stake in Tesla by 276%. Finally, Tesla plans to construct a large-scale battery factory in Shanghai but is said to be facing shareholder opposition concerning board members and operations.
Tesla TSLA News Analytics from Wed, 30 Aug 2023 16:07:59 GMT to Sun, 26 May 2024 20:04:53 GMT -
Rating 2
- Innovation 5
- Information 6
- Rumor -5
