Elon Musk’s Tesla pay package gets voided, Judge rules in favor of shareholder

By Joey Klender Posted on January 30, 2024 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 …

Tesla has changed ‘majority-minority’ wording in its latest 10-K filing

By Zachary Visconti Posted on January 29, 2024 Tesla has removed wording about having a “majority-minority” workforce in its latest 10-K filing, following recent statements from CEO Elon Musk opposing Diversity, Equity and Inclusion (DEI) initiatives—and a history of allegations of racial discrimination at the automaker’s factories. In Tesla’s 10-K filing released on Monday, the …

Tesla Giga Mexico site prepares for nearshoring activity spike

By Maria Merano Posted on January 28, 2024 The government of Nuevo León is preparing for the nearshoring activity spike that Tesla Giga Mexico is expected to attract.  Work started on the expansion of the Monterrey-Saltillio highway where Tesla Gigafactory Mexico will be situated. Excavation work, about one and a half kilometers along the front …