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Stockreport

Judge Who Voided Musk's Pay Package Faces Tough Call on $7 Billion Legal Fee [BNN Bloomberg (Canada)]

Tesla, Inc. (TSLA)  More Company Research Source: BNN Bloomberg
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Attorneys from four firms who claimed Musk's 2018 compensation plan for running the electric-vehicle maker was excessive are asking to be awarded 29 million shares of Tesla stock — worth about $7.3 billion at Friday's closing share price. Delaware Chancery Court Judge Kathaleen St. J. McCormick is set to hear the request Monday but isn't expected to issue an immediate order. That's because McCormick must tackle an even bigger issue — whether to reinstate Musk's pay package now that Tesla shareholders have voted overwhelmingly to re-ratify it. The shareholder proxy vote at Tesla's annual meeting in June doesn't require McCormick to undo her ruling in January that Musk's pay plan was tainted by conflicts of interest among the board members who adopted it. But she has said she will consider the vote at a separate hearing. “We are in uncharted waters here,” said Larry Hamermesh, a retired University of Pennsylvania law professor who specializes in Delaware corporate disputes. “Ther [Read more]
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Stockreport

Judge Who Voided Musk's Pay Package Faces Tough Call on $7 Billion Legal Fee [BNN Bloomberg (Canada)]

Tesla, Inc.  (TSLA) 
More Company Research Source: BNN Bloomberg
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Attorneys from four firms who claimed Musk's 2018 compensation plan for running the electric-vehicle maker was excessive are asking to be awarded 29 million shares of Tesla stock — worth about $7.3 billion at Friday's closing share price. Delaware Chancery Court Judge Kathaleen St. J. McCormick is set to hear the request Monday but isn't expected to issue an immediate order. That's because McCormick must tackle an even bigger issue — whether to reinstate Musk's pay package now that Tesla shareholders have voted overwhelmingly to re-ratify it. The shareholder proxy vote at Tesla's annual meeting in June doesn't require McCormick to undo her ruling in January that Musk's pay plan was tainted by conflicts of interest among the board members who adopted it. But she has said she will consider the vote at a separate hearing. “We are in uncharted waters here,” said Larry Hamermesh, a retired University of Pennsylvania law professor who specializes in Delaware corporate disputes. “Ther [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS