Tesla fights $230 million fee sought by attorneys who sued over board pay
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Tesla (TSLA) pushes US to adopt stricter fuel efficiency rules
October 17, 2023 12:01 PM EDTProminent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.
In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... More
Tesla (TSLA) recalls 55K Model x EVs
October 17, 2023 10:23 AM EDTThe National Highway Traffic Safety Administration (NHTSA) announced Tuesday that Tesla (NASDAQ: TSLA) will be recalling 54,676 Model X vehicles produced from 2021 to 2023 due to a potential issue with the vehicle controller, which may not properly detect low brake fluid and subsequently fail to... More
Is Tesla (TSLA) a Buy or a Sell ahead of 3Q results? This prominent analyst weighs in
October 13, 2023 4:04 PM EDT(Updated - October 16, 2023 5:29 AM EDT)
As Tesla (NASDAQ: TSLA) prepares to release its 3Q earnings report on Wednesday, investors are mulling over whether they should buy, sell, or hold their shares of the automotive stock.
Tesla shares lost 3.6% last week and are down a further 1% in early Monday trade.
Analysts at Morningstar value the electric automaker at $215.00, below the companys current share price of approximately $250.00 on Friday.
Morningstar utilizes a weighted average cost of capital of slightly below 9% to establish their Fair Value estimate. Additionally, their equity valuation... More
Is Tesla (TSLA) a car or tech company?
October 13, 2023 3:31 PM EDTTesla (NASDAQ: TSLA) holds the position of the 7th largest stock based on market capitalization in the United States, and is arguably one of the most hotly debated stocks.
Both the company and its CEO, Elon Musk, attract a significant amount of media attention, making them prominent topics of discussion and debate. However, at the core of the debate is the question of whether Telsa is a car company or a technology company.
Thanks to Tesla's continuous technical innovations, the electric vehicle manufacturer has managed to maintain a cost advantage, resulting in... More
Tesla (TSLA) disputes $230M attorney fee stemming from board pay lawsuit
October 13, 2023 2:26 PM EDTTesla (NASDAQ: TSLA) urged a Delaware judge Friday to deny a $230 million legal fee claim made by a group of shareholder lawyers who secured a settlement in a dispute over director compensation.
The electric vehicle manufacturer, has referred to this fee request as an "unwarranted windfall", emphasizing that it equates to an hourly rate of $10,690, one of the highest ever seen in Delaware's Court of Chancery, which is a critical location for shareholder litigation.
The company is seeking... More
