Newsfeeds Archive - Spark Newswire

2 minute read

Tesla Sues Former Supplier Over Trade Secret Theft, Seeks $1B Compensation: Report

June 17, 1:09 PM

In a significant legal move, Tesla Inc. is reportedly suing Matthews International, claiming the company misappropriated Tesla's proprietary dry electrode battery technology to the detriment of Tesla's competitive edge and innovation.

FDIS

2 minute read

Tesla’s Largest Outside Investor Vanguard’s Vote Switch Helped Pass Elon Musk’s $56B Pay Package

By Shivani Kumaresan

June 14, 10:50 AM

Vanguard, Tesla Inc.'s largest external investor, played a crucial role in approving CEO Elon Musk's $56 billion pay package at the recent shareholder meeting, reversing their initial stance due to Tesla's impressive performance and shareholder returns since 2018.

FDIS

2 minute read

Nike’s Bid To Trademark ‘Footware’ Thwarted By EU Court

By Shivani Kumaresan

June 13, 9:24 AM

Nike loses EU trademark case for 'footware' to Puma SE, ordered to pay legal fees. Can still appeal to higher court. Stock down 12% in past year.

FDIS

2 minute read

Amazon’s $3.6B Pledge To Create 14K Affordable Homes in Key Metro Areas

By Anusuya Lahiri

June 12, 8:17 AM

Amazon commits $1.4 billion to Housing Equity Fund, creating 14,000 affordable units in Seattle, Nashville, and Washington metro areas. Also invests in Taiwan for cloud services.

AAPL

2 minute read

Tesla’s Elon Musk Accused Of Insider Trading In New Lawsuit

By Shivani Kumaresan

June 12, 7:56 AM

Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), is accused in a new lawsuit of using insider information to profit from selling Tesla shares. The Employees' Retirement System of Rhode Island claims these sales were timed before negative news that would lower Tesla's stock value.

FDIS

2 minute read

Nordic Brokerages Enable Voting At Tesla’s AGM For The First Time

By Shivani Kumaresan

June 11, 1:59 PM

Nordic brokerages like Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, in response to high demand and Elon Musk's proactive stance on shareholder involvement. This year's AGM is particularly significant as it could determine the future of Musk's leadership amidst debates over his compensation and shareholder rights.

FDIS

2 minute read

Nike’s Multiyear Cost-Cutting Strategy Leads To Layoffs In Europe: Report

By Shivani Kumaresan

June 5, 8:45 AM

Nike has reportedly initiated workforce reductions at its European headquarters in Hilversum, Netherlands, as part of a global cost-saving strategy to trim $2 billion. The company is cutting approximately 2% of its global workforce.

FDIS

2 minute read

Tesla Argues New Pay Plan For Musk Would Cost More: Report

By Shivani Kumaresan

June 3, 10:48 AM

Tesla Inc. (NASDAQ: TSLA) defends Elon Musk's $56 billion pay package, stating that a new compensation plan would be costlier.

FDIS

2 minute read

Has Tesla Re-prioritized Its EV Goal? A Change In Current Report Says So

By Shivani Kumaresan

May 23, 1:57 PM

Tesla Inc. (NASDAQ: TSLA) has shifted focus from selling 20 million vehicles annually to emphasizing autonomy. The 2023 impact report highlights Tesla's goal to displace fossil fuels without the numerical target. In 2023, Tesla sold 1.8 million vehicles, with a slower growth rate expected this year. CEO Elon Musk aims to unveil a fully driverless car by August 8, 2024, marking a pivotal shift in Tesla's strategy.

FDIS