Tesla said NUH UH! Please dismiss
Judge says YES UH! we're going to trial.
https://www.theregister.com/2024/06/12/ ... _continue/
I mean, they could claim that Musk is just 'marketing puff' and that he should be ignored, but that might go against the claim elsewhere that they absolutely need Elon, to the extent that the Tesla board - many of whom are Musks little pals - are encouraging shareholders to approve a $50bn bonus for him....The company and its CEO have a long history of making specific boasts about what the vehicles can do with regard to autonomous driving. In May, a separate lawsuit was given the green light to proceed after disgruntled owners complained that promises a Tesla car would be able to drive itself from Los Angeles to New York failed to materialize.
The lawsuit stated the claims become ever more specific, alleging the company's boss, Elon Musk, said in 2017 that it would be possible for Tesla owners to sleep while their cars drove.
While sleeping at the wheel is possible – if not recommended – in most moving vehicles, Tesla makes it clear on its website that a fully attentive driver, prepared to take over at any moment, is required for Autopilot and the Full Self-Driving capabilities of its vehicles.
However, old habits die hard, and the company also noted: "These features are designed to become more capable over time."
https://www.theregister.com/2024/06/07/ ... sk_payout/
Not sure you can have it both waysThis was all torn up anyway by the Delaware Court of Chancery, which voided the compensation in January after a shareholder alleged the award was excessive. The court decided it was illegally approved due to Musk's close ties with the board and substantial influence over the electric car company.
Since then, Denholm has been cracking the whip among shareholders to re-ratify the compensation and incorporate in Texas to avoid another awkward ruling. Now with days to go until polls close, her letter, submitted to the US Securities and Exchange Commission, appears to be a last gasp to make sure everyone's following the party line – that Musk gets his billions lest he ditch Tesla.
The thrust is that retaining Musk's extraordinary talent takes extraordinary compensation, and focuses on the lengths Tesla is willing to go in order to maintain his "attention" and "motivation" when his business interests are so vast and disparate. Also, a deal's a deal, right?
