Tesla Inc. paid its chairman and founder, Elon Musk, $ 3 million in compensation for D&O insurance to defend, settle disputes, or make court decisions. This was reported by Insurance Business.
This insurance covers the expenses of the members of the board of directors, which are not included in the general expenses of the top management of the company.
In June 2020, Musk and Tesla signed an agreement under which the company undertook to provide compensation for damages for D&O for 90 days under Musk’s insurance for $ 100 million.
At the same time, in the previous version of the contract, Tesla undertook to pay Mask $ 1 million to cover D&O. This amount was confirmed to the publication by insiders in insurance companies.
Tesla Mask’s $ 3 million payment was based on the cost of a market premium of 90 days and reduced by half.
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]
Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]
Founder of Tesla Inc. and SpaceX Elon Musk took second place in the list of the richest people in the world, ahead of Microsoft founder Bill Gates. This was reported by the Bloomberg Billionaires Index. Over the past 12 months, Mask’s fortune has grown by about $ 100 billion, according to Bloomberg estimates. According to […]
Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]
Tesla Inc. of Elon Musk will export Model 3 electric cars made in China to Europe. This was reported by the Interfax-Ukraine news agency with reference to the company’s statement. The first batch of 7,000 cars will be shipped from the port of Shanghai on October 27. They are expected to reach the Belgian port […]
Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]
The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars. Intime Retail owns 29 shops and […]Next
Over the past three years, the number of vacancies in the world has tripled with a four-day working week. Their number increased to 62 per 10,000. It is noted that the effectiveness of the reduced working week is also confirmed by the results of research conducted by the British think tank Autonomy. “The four-day week […]Next
LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would be a good opportunity to correct it. 1. The NBU will start a new system for carrying out the currency transactions Within the last press conferences representatives of the […]Next
As part of a new distribution by the International Monetary Fund (IMF) of special drawing rights (SDR), Ukraine on Monday, August 23, received its share of SDR 1.9 billion, or $ 2.7 billion, said First Deputy Governor Kateryna Rozhkova Facebook page. “Today 1.9 billion SDRs came to Ukraine’s account at the IMF! A wonderful gift […]Next
As informs investment media of Ukraine InVenture, the European Commission, which is an organ of the executive branch of the European Union and is responsible for the preparation of draft laws, should provide Ukraine € 100 million if the Verkhovna Rada will take on the Energy Efficiency Fund bill. Conditions for EU investment funds in […]Next
UK will provide humanitarian assistance to Ukraine in the amount of 6.5 million dollars to support the regions in the east of the country affected by the armed conflict and the pandemic, said in the statement issued by the Foreign Ministry of the United Kingdom. This was reported by TASS. As specified, the allocation of […]Next
March, 14 Kyiv District Administrative Court declared illegal inactivity of the regulator in relation to the “Ukrgazprombank”, which was declared insolvent in 2015, and now goes into liquidation. The lawsuit was filed by one of the contributors of the Ukrgazprombank – “Trading House Sanko” LLC , writes the FinClub. In August 2014 the company has […]Next
During the last working week, the National Bank of Ukraine bought $ 20 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. The press service of the NBU announced this on Friday, October 1. Thus, the National Bank continued to buy currency […]Next
The average salary of one member of the Board of Ukrzaliznytsia in 2020 reached UAH 20.8 million per year, and one member of the Supervisory Board – UAH 4 million, which is twice less than in 2019. This follows from the company’s financial report for 2020. “The leading management is the Board of JSC Ukrzaliznytsia […]Next
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]Next
Another bank is under the threat of extinction in the new 2017. At this time we are talking about the Ukrainian financial institution Narodnyi Kapital. According to the text of the NBU decision , the bank will be liquidated due to the structure’s discrepancy to state requirement relatively its clarity. According to official information, in […]Next
For the three quarters of 2021, the budget was overfulfilled in terms of revenues by 5.3%, or UAH 46.65 billion, from the plan and exceeds last year’s level by 20.8%. This was reported on the website of the State Treasury. In particular, in September the budget was overfulfilled by 6.4%, or UAH 6.2 billion, and […]Next
LDaily has prepared for the readers the short overview of latest news in the sphere of business and finance for last week. If you missed something, you would have a good opportunity to correct it. 1.Trump won: the companies begin to take out assets abroad By the last calculations, Donald Trump has won in […]Next
World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10. Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ […]Next
ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]Next
The State Property Fund sold the Khorostkiv distillery at auction for UAH 55 million. This was reported on the auction page. This is the tenth enterprise in the industry to be privatized. Its initial cost was 31.4 million UAH. It is noted that four buyers participated in the auction for the sale of the Khorostkiv […]Next