NYC Comptroller Brad Lander told Fortune the announcement is a reminder “the rule of law applies to everyone—even the world’s richest man and his company.”
America Party is ‘exactly the opposite’ of what Elon Musk’s shareholders want and could force Tesla’s board to intervene, warns Dan Ives
July 7, 2025
Elon Musk’s feud with Trump and ‘America Party’ gambit hit Tesla shares and wiped up to $15 billion off his net worth
BY ASHLEY LUTZ AND FORTUNE INTELLIGENCE
July 9, 2025
The group’s letter argues that Tesla shareholders likely “did not believe they were voting on an equity plan that would cover…
The day before, Tesla said revenue fell 12% and profit dropped 16% in the April-June quarter.
“The easiest thing to say is, don’t antagonize your core customers,” Yale economist and study author Kenneth Gillingham said.
Musk also criticized the role of proxy advisory firms generally.
When the Wedbush tech analyst lobbied Tesla’s board to form a special board oversight committee, the CEO’s response was as…
“He frequently teeters on the edge of disaster," said Tesla owner and money manager Nancy Tengler, "and then pulls back just in…
