United States  

“News neutrality by unbiased coverage”
One News Page
> >

Shareholders must vote on Musk's return as Tesla chairman

SeattlePI.com Thursday, 11 October 2018
Shareholders must vote on Musk's return as Tesla chairmanIf Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk and the company last month. Musk and Tesla agreed to pay $20 million each and make concessions to settle an SEC lawsuit alleging Musk duped investors with statements about a plan to take the company private. The settlement allows Musk to remain CEO but requires him to relinquish his role as chairman for at least three years. U.S. District Judge Alison Nathan ordered the brief, which is a common practice in the court.
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Business - Published < > Embed
News video: Tesla Closes At Lowest Price In Over A Year

▶ Tesla Closes At Lowest Price In Over A Year 00:37

Business Insider reports that Tesla shares have fallen to their lowest price in over a year and a half. Tesla shares have cratered 35% since approaching record highs. The fall follows CEO Elon Musk's now infamous "funding secured" tweet. Musk settled an SEC lawsuit at the end of September. Musk...

You Might Like


Recent related videos from verified sources

Is Tesla's China Factory Production Plan Shaky? [Video]Is Tesla's China Factory Production Plan Shaky? 00:47

Tesla is building a factory in China, aiming to have production up and rolling by 2019. But according to Business Insider, Elon Musk's electric car company hasn't been clear on what the overall..

Credit: Wochit - Published

Tesla Has Eyes On Expansion [Video]Tesla Has Eyes On Expansion 00:38

After turning its second-ever quarterly profit, it appears that Tesla has its eyes on expanding! 'Insider' shares that Reuters reported that the company had begun the construction process on its first..

Credit: Wochit Business - Published

Elon Musk Addresses Weed Smoking On Podcast [Video]Elon Musk Addresses Weed Smoking On Podcast 00:33

Elon Musk would like you to know he does not smoke pot. His comments to CBS' "60 Minutes" come amid an investigation by NASA and the Air Force about his smoking weed on Joe Rogan's podcast earlier this..

Credit: Wochit - Published

Tesla's Top Lawyer Has Left The Company [Video]Tesla's Top Lawyer Has Left The Company 00:32

Tesla said in a blog post published on Friday that its general counsel, Todd Maron, will leave the automaker in January. Maron joined Tesla in 2013. Before working at Tesla, Maron had represented Musk..

Credit: Wochit - Published

Tesla Named New General Counsel [Video]Tesla Named New General Counsel 00:37

AutoNews.com reports that Tesla Inc. General Counsel Todd Maron will be leaving his position. Tesla has announced that Dane Butswinkas will step into the position. Butswinkas will report directly to..

Credit: Wochit - Published

The Weird Way Tesla's Paying Off A Big Chunk Of Debt [Video]The Weird Way Tesla's Paying Off A Big Chunk Of Debt 00:36

Tesla is going to pay holders of its convertible notes with a mix of cash and equity. According to Business Insider, Tesla has $920 million worth of debt coming due in March. After several dismal..

Credit: Wochit - Published

Elon Musk Thinks He Is Moving To Mars And So Do His Shareholders [Video]Elon Musk Thinks He Is Moving To Mars And So Do His Shareholders 00:57

The SEC can't bother you if you're not on Earth. All joking aside this guy is brilliant.

Credit: Celebrity Wire - Published

Elon Musk: '70%' Chance I'll Move to Mars [Video]Elon Musk: '70%' Chance I'll Move to Mars 00:57

Elon Musk: '70%' Chance He'll Move to Mars Musk made the remark in an interview with Axios on HBO. The Tesla and Space X CEO said there have been a "recent number of breakthroughs" that have made Mars..

Credit: Wibbitz Top Stories - Published


Recent related news from verified sources

Tesla’s Model 3 to hit European roads in February

Tesla Inc’s (NASDAQ:TSLA) long-awaited mass-market Model 3 electric car is set to hit European roads in February next year. Customers who put a deposit down...
Proactive Investors - Business

Musk suggests Tesla’s new chairwoman won’t rein him in

NEW YORK (AP) — Tesla CEO Elon Musk dismissed the idea that the company’s new chairwoman can exert control over his behavior. Robyn Denholm, an Australian...
Seattle Times - Front Page


Tweets about this


Other recent news in Technology

CANADA MOOSE CREE FIRST NATION TO GET DRONE DELIVERIESTwitter CEO Jack Dorsey is facing backlash for encouraging people to visit MYANMAR, where social media may have helped fuel a mass genocide
ELON MUSK on missing Model 3 production deadlines: ‘I’ve never made a mass-produced car. How am I supposed to know with precision when it’s going to get done?’ (TSLA)‘The UMBRELLA ACADEMY’ Superhero Series Is Coming to Netflix Next Year
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest