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Earnings and Financials

Money, Drugs, Elon Musk and the Tesla Board of Directors

Money, Drugs, Elon Musk and the Tesla Board of Directors

Elon Musk created a fair share of controversy several years ago when he appeared to smoke a joint during an appearance with podcaster Joe Rogan. A new report is kicking up even more dust, the Wall Street Journal alleging money and drugs have improperly tied the Tesla CEO to the same board of directors that previously approved a $55 billion pay package for Musk.

Mitsubishi Turns to Allies to Flesh Out its Meager Lineup

Mitsubishi Turns to Allies to Flesh Out its Meager Lineup

Despite a modest increase in sales last year, Mitsubishi Motors earnings took a tumble during the most recent quarter. Bargain-basement pricing and rising incentives took much of the blame. But it hasn’t helped that the automaker has a miniscule product lineup that leaves little for dealers to sell. Company officials now hope to tap allies Nissan and Renault to help add new products to help put Mitsubishi back on the radar, especially in the critical U.S. market.

Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package

Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package

Calling the deal “unfathomable,” a Delaware court has blocked the $565 billion pay plan awarded Tesla CEO Elon Musk in 2018. The move could spell trouble for Musk’s current demand for 25% control of the EV maker while also raising concerns about his floundering social media site, X, which relied on loans backed by Tesla stock. More from Headlight.News.