Topic: shareholder lawsuit
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Tesla withdraws $29B Musk award after Delaware court reinstates larger package
Tesla canceled its $29 billion interim compensation package for Elon Musk on April 21, following the Delaware Supreme Court's reinstatement of his original $56 billion award from 2018, to avoid a "double dip" scenario. The reinstated $56 billion package, originally struck down in 2024 due to shar...
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Rivian Settles $250M Lawsuit to Focus on New R2 EV
Rivian has agreed to a $250 million settlement with investors over a lawsuit, denying any misleading statements but opting to settle to focus on launching its new affordable R2 electric vehicle next year. The lawsuit alleged that Rivian knew its production costs for the R1T and R1S models were mu...
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Tesla Shareholders to Vote on Musk's xAI Investment
Tesla shareholders are voting on a proposal to invest in Elon Musk's xAI, aiming to strengthen Tesla's position in AI, robotics, and energy. The board is neutral on the proposal, which could make Tesla the second Musk-led company to invest in xAI, following SpaceX's commitment. The vote coincides...
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