Tesla articles

cybertruck

Tesla Cybertruck sales collapse, company accepts trade-ins with extreme depreciation

34 percent depreciation after one year and 6,000 miles
Recap: Although the Cybertruck began missing CEO Elon Musk's stated goals as soon as it launched in late 2023, the odd-looking electric pickup truck sold well out of the gate. However, the vehicle's commercial performance has tanked over the last few months. Musk's political activities have soured public opinion on the company and contributed to declining global sales.
judge elon musk tesla lawsuit delaware

Judge denies Elon Musk's billion-dollar Tesla pay package for a second time

The requested $6 billion in lawyers' fee was also denied
What just happened? What's worse than having a multi-billion compensation package denied to you by a judge? Having it denied a second time, despite being overwhelmingly re-approved by Tesla shareholders. That's the situation Elon Musk has found himself in after Delaware judge Kathaleen McCormick upheld her original ruling that called the payment excessive. She also denied a request from lawyers who brought the case to be paid $6 billion.
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