Musk's $56 billion Tesla pay package must be restored
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Tesla's stock has reached new heights, supported by a nearly existential change in investor sentiment. However, there is considerable risk.
Tesla was struggling hard as recently as March. But its stock has soared as the company's fortunes have turned around.
A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities.
Tesla Inc. is newly promoting features intended to make it easier for first responders to enter its cars after crashes, following months of scrutiny over the safety of its door designs.
"The DMV is committed to safety on California's roadways," DMV Director Steve Gordon said in a news release. "The DMV's decision today confirms that the department will hold every vehicle manufacturer to the highest safety standards to keep California's drivers, passengers and pedestrians protected."
Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.
Tesla stock staged a massive rebound, with shares climbing 120% from their low in April on a handful of positive catalysts.
Americans are going to drastic measures to ensure they can escape from their Teslas amid a spate of incidents in which people have gotten trapped, sometimes fatally. The electric car doors of Elon Musk’s flagship brand have become a source of intense national scrutiny,