Category Archives: Blog

Tesla’s Shareholders to Vote on 3-to-1 Stock Split In August, Elon Musk’s Ally Ellison to Leave Board

Tesla has proposed a three-to-one stock split to make shares more affordable following recent sell-offs. The EV maker will keep the proposal to shareholders in August, along with a vote to reduce board of directors’ terms to two years from three. Elon Musk’s ally and Oracle Corp co-founder Larry Ellison will leave the board when…

Tesla India Executive Reportedly Resigned Weeks After Company Puts EV Plans in the Country on Hold

Tesla India executive Manuj Khurana said to have served his resignation weeks after the company announced to keep the plan to sell EVs in the country on hold. Elon Musk has clarified that Tesla will not set up manufacturing in any location where it was not allowed first to sell and service cars. Meanwhile, PM…