Lawyers filed the class action suit late Monday in Austin, Texas, federal court and seeks unspecified damages for Tesla shareholders between April 19, 2023 and June 22, 2025, according to Reuters.

What Happened: In a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, it was disclosed that Musk bought 96,000,000 shares of Tesla, amounting to a total of $2,240,640,000. In ...

XPeng Inc. sees record 229% YoY growth in July sales but lags in margins. Click for my updated look at XPEV delivery figures ...

One country is clashing with the U.S., the other racing to appease Washington. Both approaches are being tested ahead of a ...

Tesla shares edge up after Elon Musk is awarded $29B in stock, despite legal battles, plunging profits, and rising investor ...

U.S. stocks rallied to recover most of their sharp loss from Friday's wipeout. The S&P 500 rose 1.5 percent Monday, following ...

Tesla gave Elon Musk a stock grant of $29 billion as a reward for years of “transformative and unprecedented" growth despite ...

The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a ...

The S&P 500 jumped 1.3% in afternoon trading to claw back more than two thirds of Friday's drop. The Dow Jones Industrial ...

The package would give Musk 96 million shares of Tesla, each of which trades at just over $300. Musk would have to pay $23.34 ...

A New Chapter in Musk’s Compensation Saga For years, Tesla (NASDAQ:TSLA) has grappled with structuring a compensation package ...