Musk visits Tesla's sabotage-hit German factory
The Tesla CEO addressed thousands of employees on arrival at the site, accusing "eco-terrorists" of the sabotage as he defended his company's green credentials.
The Tesla CEO addressed thousands of employees on arrival at the site, accusing "eco-terrorists" of the sabotage as he defended his company's green credentials.
"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware.
In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI's creation, he secured an agreement with Altman and Greg Brockman, the president, to keep the AI company as a nonprofit that would develop technology for the benefit of the public.
Tesla shares rose 2.7% in premarket trading. They have slumped more than 25% so far this year.
Separately, Piper Sandler said it was expecting deliveries of 1.93 million vehicles this year, representing a growth rate of about 7%, well below the long-term annual target of 50% that Musk set about three years ago.
A Tesla employee, who threatened to kill US President Joe Biden and tech billionaire Elon Musk, was arrested in Texas, the media reported.
Elon Musk's illegal drug use, known by several current and former directors at Tesla Inc. and SpaceX, included consumption with board members. Concerns about the volume of drug use were not investigated or documented. A Delaware judge criticized the relationship between Musk and his directors, citing conflicts of interest in her ruling on his excessive pay package.
Judge Kathaleen McCormick added that the parties must now "confer" and then submit a joint letter "identifying all issues, including fees, that need to be addressed to bring this matter to a conclusion at the trial level." The electric vehicle maker's share price fell more than 3% in after-hours trading following the publication of the 200-page ruling.
Falling prices of battery materials are expected to let Tesla show a slight rise in profit margin from the previous quarter.
"You will appreciate that it is the prerogative of any particular company on where to invest and what to invest. So as far as Tesla is concerned, the government of Gujarat will be more than happy to facilitate them in case if they decide to come to the state," Managing Director of Gujarat Industrial Development Corporation Rahul Gupta said.
"The state government is very hopeful of Tesla coming to Gujarat. Even Elon Musk is looking at Gujarat as his first choice. Gujarat is in his mind ever since he began a survey in India to find a suitable location to set up the plant," said Patel, who is health minister and spokesperson of the state government.