Tesla investors approve Elon Musk's $1 trillion pay package
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Musk and Tesla now face a new challenge. The company’s insurance division is the subject of a class-action lawsuit alleging systematic underpayment of auto insurance claims and violations of state consumer-protection laws. Filed Nov. 5 in Arizona federal court, the lawsuit claims Tesla shortchanged uninsured and underinsured drivers.
Satellite images obtained by Business Insider show how BYD has significantly expanded one of its largest production facilities in China.
This latest timeline stretches out an already lengthy series of delays. After the original reveal in 2017, the new Roadster was supposed to arrive in 2020. Preorders opened (and are still open) and customers paid deposits for the electric sports car. That deadline slipped repeatedly, to 2021, then 2022, and more or less every subsequent year.
Tesla is promising that its self-driving two-seater vehicle with no steering wheel or pedals will kick off production in Austin very soon. During the company's shareholder meeting on Thursday, CEO Elon Musk said the so-called Cybercab is starting production in April .
The long-awaited second-generation Tesla Roadster is slated for an April 1 2026 reveal. Production is expected to start 12–18 months later.
Angus Rittenburg is the CEO of Wynk, a THC beverage company. Before becoming a founder, he spent two years working full-time as a Tesla engineer.
The Investment Committee debate Tesla and Elon Musk's $1 Trillion Pay Package. They also hit some other Committee stocks on the move.