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Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.
Tesla's annual meeting on Thursday in Austin, Texas, will feature a final vote on a contentious proposal asking shareholders to "ratify the 100% performance-based stock option award to Elon Musk" granted in 2018.
Elon Musk says he can grow Tesla into "a leader in AI & robotics," an ambition that he's said will require a lot of pricey processors from Nvidia to build up its infrastructure.
As part of Tesla's massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it's cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto.
Tesla is being sued by the nonprofit Environmental Democracy Project over "ongoing failure to comply with the Clean Air Act" at the electric vehicle company's assembly plant in Fremont, California.
A federal judge in California dismissed a lawsuit filed by Elon Musk's X against Israel's Bright Data, in a case that involved the scraping of public online data and its appropriate uses.
Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint from the National Labor Relations Board.
Tesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla, impacting an estimated 500 employees in its Supercharger team.