Tag: Shareholder

BusinessInnovationTechnology

Tesla Q3 Earnings Report Reveals 37% Profit Decline Amid Musk’s AI Robot Focus

Tesla reported a significant 37% decline in third-quarter profits despite record vehicle deliveries. CEO Elon Musk’s focus on the Optimus humanoid robot during the earnings call drew attention away from immediate business concerns raised by shareholders.

Profit Decline and Market Reaction

Tesla shares reportedly declined approximately 5% following the company’s third-quarter earnings release, which revealed a significant drop in profitability. According to the analysis, Tesla’s profits sank to $1.4 billion, representing a 37% decrease compared to the same period last year. This profit slide occurred despite the automaker achieving record vehicle deliveries exceeding 497,000 units during the quarter.

by Oliver Keaton
BusinessGovernance

Tesla Shareholders Face Critical Vote on Musk’s Record Compensation Package Amid ISS Opposition

Tesla’s board faces mounting pressure as Institutional Shareholder Services recommends rejecting Elon Musk’s unprecedented compensation plan. The proposed package, potentially the largest in corporate history, comes before shareholders for a crucial November 6 vote amid ongoing governance debates.

Major Proxy Adviser Opposes Musk Compensation

Institutional Shareholder Services has reportedly urged Tesla investors to reject CEO Elon Musk’s proposed $1 trillion compensation package, marking the second consecutive year the influential proxy adviser has opposed the executive’s pay plan. According to reports, ISS expressed concerns about the “astronomical” size of the grant and potential dilution for existing shareholders.

by Oliver Keaton