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Tesla shareholders approve US$56 billion pay package for CEO Elon Musk

The mercurial billionaire may face fresh lawsuits on the package, which would be the largest in US corporate history.

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Tesla shareholders approve CEO Elon Musk's $56 billion pay package

Tesla shareholders approve CEO Elon Musk's $56 billion pay package
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Tesla drops delivery goal of 20 million vehicles a year by 2030

Tesla drops delivery goal of 20 million vehicles a year by 2030
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Tesla drops delivery goal of 20 mn vehicles a year from latest report, ET Auto

Musk said in April that Tesla plans to bring forward the launch of new models, including affordable cars, to as early as late this year. But Tesla said it plans to use current product lines for new affordable vehicles instead of new facilities, making a strategic change that would result in smaller cost reductions than expected and modest volume growth.

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