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WASHINGTON, DC - MAY 21: Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Relations bet

Tesla investors vote on $878 billion payday for Musk

Tesla shareholders will decide today whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot.

Business • 06 Nov

Norway wealth fund to vote against Musk's Tesla pay deal

Norway's sovereign wealth fund, the world's largest, said today it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.

Business • 04 Nov

Tesla sales plunge again in some European markets

Tesla's sales plunged in October in Norway, Sweden and Denmark in the latest sign that the US electric vehicle maker's European struggles continue, but the company posted a small gain in France for the second consecutive month.

Business • 03 Nov

Tesla profit falls short despite record sales

Tesla has reported record third-quarter revenue that beat Wall Street estimates, driven by the highest quarterly sales of its electric vehicles as US buyers rushed to lock in a key tax credit ahead of its expiry last month.

Business • 23 Oct

Elon Musk wearing a baseball cap and sunglasses speaks at the Conservative Political Action Conference

Tesla package pays Musk billions even if he misses goals

When Tesla's board of directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of "Mars-shot milestones" to earn $878 billion in Tesla stock over 10 years.

Business • 10 Oct

Elon Musk halfway to becoming world's first trillionaire

Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine has reported.

Business • 02 Oct

Tesla's sales rise in several European markets

Tesla's sales rose in France and Denmark in September for the first month this year and continued to grow in Norway and Spain, local industry data showed today, with its revamped Model Y coming in as the best-selling model in Denmark.

Business • 01 Oct

Tesla jumps after Musk buys shares worth $1 billion

Tesla shares jumped about 7% in opening trade on Wall Street after a regulatory filing showed that CEO Elon Musk had purchased nearly $1 billion worth of the electric-vehicle maker's stock last week.

Business • 15 Sep

Tesla market share in US drops to lowest since 2017

Tesla's US market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk's company, according to data from research firm Cox Automotive shared exclusively with Reuters.

Business • 08 Sep

Tesla to award Musk $1 trillion, depending on performance

Tesla's board has proposed a $1 trillion compensation plan for chief executive Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse.

Business • 05 Sep

Revenues at Tesla Ireland slump by 18% in 2024

Sales at the Irish unit of Elon Musk's Tesla Motors last year slumped by 18% to €115.2m amidst a downturn in sales in electric vehicle car sales here in 2024.

Business • 03 Sep

The lawsuit said X violated antitrust law, accusing it of suppressing competition by abusing its social media dominance to eliminate a rival and charge more for its products.

Musk's X hit with antitrust lawsuit by software startup

Software developer Eliza Labs has sued Elon Musk's X Corp, accusing it of extracting valuable information from the company before suspending its account on the social media platform and launching copycat AI products.

Business • 28 Aug

Musk earlier this month had threatened to sue Cupertino, California-based Apple

Elon Musk's xAI sues Apple and OpenAI over AI competition

Billionaire entrepreneur Elon Musk's artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in US federal court in Texas today, accusing them of illegally conspiring to thwart competition for artificial intelligence.

Business • 25 Aug

Thousands object to Tesla bid to supply energy in the UK

More than 8,000 people have asked Ofgem to block Tesla from supplying British households with electricity over owner Elon Musk's "clear political agenda".

Business • 20 Aug

Tesla approves share award worth $29 billion to CEO Musk

Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.

Business • 05 Aug

Tesla likely faces 'a few rough quarters', Musk says

Tesla chief executive Elon Musk said that US government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.

Business • 24 Jul

A rickshaw passes the first Tesla sales room in Mumbai, India

Tesla opens first showroom in India

Tesla has today launched its Model Y at about $70,000 in India, the highest price among major markets, as the US automaker grappling with slowing sales bets on prospects in a country CEO Elon Musk has long criticised for its high import tariffs.

Business • 15 Jul

Musk suggests Tesla investor vote on xAI investment

Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.

Business • 14 Jul

The company, which held its last meeting in June 2024, has been grappling with a series of events such as Musk's public feud with President Donald Trump.

Tesla to hold annual shareholder meeting in November

Tesla will hold its annual shareholder meeting on November 6, it said today, a day after a group of investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.

Business • 10 Jul

Tesla to expand robotaxis to San Francisco area

Tesla will expand its robotaxi service to the San Francisco Bay Area "in a month or two", depending on regulatory approvals, CEO Elon Musk said today.

Business • 10 Jul

Tesla CEO Elon Musk's plans to launch a new US political party has raised investor doubts about his focus on the EV maker's future

Tesla slides as Musk's 'America Party' sparks worries

Tesla shares fell nearly 8% today after CEO Elon Musk's plans to launch a new US political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

Business • 07 Jul

Tesla's deliveries fall more sharply than estimates

Tesla posted another big drop in quarterly deliveries today, setting it up for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk's political stance and an aging vehicle lineup.

Business • 02 Jul

US President Donald Trump shakes hands with Elon Musk after Trump gifted him with a "key to the White House" during a news conference in the Oval Office of the White House in Washington, DC, on May 30, 2025. Musk, who stormed into US politics as President

US President threatens Musk with deportation

US President Donald Trump and tech billionaire Elon Musk have reignited their bitter feud, with Mr Trump threatening to deport Mr Musk and strip federal funds from his businesses for criticising the president's flagship spending bill.

US • 02 Jul

WASHINGTON, DC - FEBRUARY 11: Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Trump is to sign an executive order impleme

Trump suggests slashing Tesla subsidies

US President Donald Trump today suggested the government efficiency department should review the subsidies to Tesla CEO Elon Musk's companies to save money, reigniting a war of words between the world's most powerful person and its richest.

Business • 01 Jul

The EU is seeking more information from Elon Musk's X about changes to its corporate structure

EU probing corporate structure of X after xAI deal

The European Union said it was seeking more information from Elon Musk's X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal.

Business • 20 Jun