Bedazzled shareholders approved Tesla CEO Elon Musk’s proposed $1 trillion pay package. But to collect he faces major challenges. Musk has to turn around Tesla’s faltering automotive business at a time when EV sales are sagging, while also proving his vision of robotaxis, robots and AI can add new sources of revenue for the Texas-based company. More from Headlight.News.
A series of new headlines reveal how Tesla CEO Elon Musk made extensive use of drugs while working as head of the Dept. Of Government Efficiency. But his use of ketamine and other controlled substances began long before Musk began working for Pres. Donald Trump. And it has contributed to what many observers have seen as erratic personal behavior and corporate mismanagement. Headlight.News has more.
Tesla shareholders breathed a sigh of relief on Wednesday morning, word leaking out of the White House suggesting CEO Elon Musk will soon give up his controversial role as the head of the Trump administration’s Dept. of Government Efficiency. Then, Tesla released its first-quarter sales numbers, global deliveries falling three times further than what Wall Street anticipated. Its stock rebound in reverse, a growing number of investors and analysts now wonder whether Tesla and its CEO can recover from the hit they’ve taken.