musk
Tesla shareholders have again approved a multi-billion-dollar pay package for the US carmaker's chief executive Elon Musk, after the deal originally authorized in 2018 was overturned by a US court in January. The re-approval given at Tesla's annual general meeting on Thursday does not mean Musk will automatically receive the package as he may still face further legal challenges over the $56-billion deal. Shareholders also voted in favour of moving Tesla's legal headquarters from Delaware to Texas, the company said after the meeting. In 2018, a majority of 73% of shareholders voted in favour of...
DPA Breaking News
Billionaire businessman Elon Musk, head of Tesla, held talks with Chinese Prime Minister Li Qiang in Beijing on Sunday after arriving unexpectedly aboard a private flight. During the talks, Li described Tesla's presence in China as "a successful example of Chinese-American economic and trade cooperation." Musk praised the "hard work" of his Chinese team in Shanghai, which had made the Tesla plant there the best performing in the company. Musk added that he was looking to enhance cooperation with China. Media reports indicated that the surprise visit had to do with data transfer issues. Accordi...
DPA Breaking News
Billionaire Elon Musk unexpectedly landed in Beijing aboard a private flight on Sunday. Musk, who runs leading electric vehicle company Tesla among other ventures, will reportedly meet Ren Hongbin, president of the China Council for the Promotion of International Trade (CCPIT), for negotiations during the visit, according to Chinese state television. His visit also coincides with the Beijing Auto Show, China's largest automotive industry event, although it remains unclear whether Musk plans to visit the trade fair. China remains the second-largest market for Tesla vehicles, and is also a major...
DPA Breaking News
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