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A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • GHiLA@sh.itjust.works
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    19 hours ago

    Yes, because Electric-car and self-driving aren’t a combo deal.

    Every Tesla runs on the same battery they did before there were Teslas, hundreds of 18650s, and golf carts had regen braking.

    If it seems like a lot of our progress is just smoke and mirrors, it mostly is.

    • SirEDCaLot@lemmy.today
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      18 hours ago

      18650’s existed. But nobody was putting them in cars. All the prototype cars automakers were showing off used large format pouch cells. These had various issues with heat and longevity and safety and thermal expansion. Using 18650’s in a car was a Tesla invention.

      Teslas today no longer use 18650s, they use 2170s and 4680s, both cell formats brought into mainstream by Tesla.

      The bigger issue is nobody was building electric cars!! All the pieces of tech existed but nobody was bothering to put them together. A big part of Tesla’s mission (which they accomplished) was basically to embarrass mainstream automakers into building EVs. That’s worked.

      That’s what I credit Tesla/Elon with doing- actually building a damn EV and selling it.

      • RubberElectrons@lemmy.world
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        5 hours ago

        Martin Eberhard et al built Tesla. They hacked a Porsche apart and used laptop cells to make it scary fast, and inexpensive. Musk never founded the company, nor did he contribute to the engineering in a meaningful way.

        Melon isn’t an engineer, he’s a fuckin dead weight clown who is damn good at convincing people he matters.