Tesla shares were down more than 4% in after-market trading after a US judge voided Elon Musk’s record $55bn pay package from the company. Delaware judge Kathaleen McCormick ruled that the remuneration was improperly approved by the electric-car maker’s board of directors and had short-changed the company’s shareholders. More from her remarks:
Investor buzz about Big Tech’s financial gains from generative artificial intelligence was damped Tuesday as Microsoft and Google warned of more large costs this year in the arms race to develop cutting-edge AI products. Despite strong quarterly results from the rival tech giants, shares in Microsoft fell 1% while Alphabet shares dropped almost 6%.
#Nostr | #growNostr | #Press | #PLEBchaiN