TM Oct 2024 270.000 call
- Reuters
Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker's stock remains richly valued even after several years of weakness in shares. Shareholders at Tesla's annual general meeting on Thursday re-approved Musk's 2018 record-setting compensation that backers said is necessary to keep the billionaire focused on the car company. While Musk could still face a long legal fight to convince a Delaware judge who invalidated the pay package in January, Tesla's stock rose nearly 3% on Thursday ahead of the meeting after Musk posted on his social media platform X that he had won shareholder approval.
- Zacks
Toyota Motor Corporation (TM) Advances But Underperforms Market: Key Facts
Toyota Motor Corporation (TM) closed at $205.65 in the latest trading session, marking a +0.17% move from the prior day.
- Zacks
Is Japan's Car Industry Facing a ''Dieselgate'' Moment?
Japanese automakers, including Toyota and Honda, face a major scandal for falsifying safety test data, reminiscent of Volkswagen's Dieselgate.
