Tesla faces mixed developments as a Florida court orders the company to pay $240 million in damages for a 2019 Autopilot crash, while analysts downplay the impact, maintaining bullish price targets. Despite the legal setback, Tesla secures two major partnerships: a $4.3 billion deal with LG Energy Solution for battery supplies and a $16.5 billion agreement with Samsung Electronics for AI chip production. Meanwhile, a prominent tech investor continues to buy Tesla shares, signaling confidence amid recent stock declines.
Musk’s New Compensation Package Sparks Debate
Tesla unveils a $29 billion stock package for its CEO, contingent on his continued leadership until 2027. Critics argue the move circumvents a Delaware court’s rejection of his previous $50 billion payout. The stock rose 2% pre-market, but challenges persist, including declining sales and regulatory hurdles for its Robotaxi ambitions. Analysts remain divided on whether the new package will stabilize Tesla’s market position.
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