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Tesla shareholder’s legal team adjusts demand to $1.44 billion in fees for Musk pay case

Teslarati

The legal team of Tesla shareholder Richard Tornetta, who filed a legal complaint against Elon Musk’s 2018 CEO Performance Award, has adjusted their plaintiff fee request to the Delaware Court. For their work in the case, Tornetta’s legal team argued that they should be granted 29.4 million TSLA shares.

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Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Abbott shared his thoughts in a post on his personal X account.

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Tesla shareholders to vote on $56B pay package for Elon Musk (again)

Teslarati

The filing came with a letter written by Chairperson Robyn Denholm, who wrote that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s 2018 pay package. “We do not think that what the Delaware Court said is how corporate law should or does work. . billion grant date fair value.

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Tesla shareholders are taking a stand against law firm’s $6B TSLA stock request

Teslarati

Is the law firm behind the legal complaint that ultimately rescinded Elon Musk’s 2018 pay package looking to get overpaid? The case was filed by a thrash metal drummer and car enthusiast, Richard Tornetta, who held nine TSLA shares when the legal complaint was filed. A growing number of Tesla shareholders say so.

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Tesla posts final call to investors about 2024 Annual Stockholder Meeting proposals

Teslarati

Tesla also highlighted its stance on Elon Musk’s 2018 CEO Performance Award and the company’s proposed redomestication from Delaware to Texas. However, back in late January 2024, a Delaware judge rescinded Musk’s 2018 CEO Performance Award. Tesla also noted that voting closes at 10:59 p.m. CT tonight.

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Tesla, Musk sued for allegedly using “Blade Runner 2049” imagery in “We, Robot”

Teslarati

Tesla, Elon Musk, and Warner Brothers Discovery have been named as defendants in a lawsuit filed by Delaware LLC and Hollywood filmmaker Alcon Entertainment. The lawsuit alleged that Tesla and Musk used a seemingly AI-generated image inspired by Blade Runner 2049 during “We, Robot” without Alcon Entertainment’s permission.

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

Teslarati

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 group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas.

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