Tesla Recalls 125,227 Vehicles Due to Seatbelt Warning System Malfunction
On May 31, the National Highway Traffic Safety Administration (NHTSA) announced that Tesla will recall 125,227 vehicles in the United States due to a seatbelt warning system malfunction. The system fails to activate when the driver is not wearing a seatbelt, which could increase the risk of injury in a collision.
Tesla Opens First Store in Qatar
Following the start of sales in Qatar late last year, Tesla has officially opened its first store and showroom in the country. According to Tesla's website, the store is located in Doha Festival City Mall in the capital, Doha, and operates seven days a week. The company also plans to open two Supercharger stations in Doha later this year.
Tesla Shareholder Sues Musk Over Alleged $7.5 Billion Insider Trading
A Tesla shareholder recently filed a lawsuit accusing CEO Elon Musk of insider trading when he sold over $7.5 billion worth of the electric carmaker's stock at the end of 2022. The lawsuit claims Musk intentionally sold the shares before potentially disappointing production and delivery data was released.
ISS Opposes Musk's $56 Billion Compensation Package
Top proxy advisory firm ISS has recommended that Tesla shareholders vote against CEO Elon Musk's $56 billion compensation package, deeming it excessive. This follows opposition from another major proxy advisory firm, Glass Lewis & Co.
