The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017.
By Eliza Haverstock | NerdWallet
The Supreme Court’s recent decision to block affirmative action — preventing colleges from using race as one of many factors when evaluating applicants for admission — may also block scholarships and grants intended for minority students, even though the ruling did not extend to financial aid.
Though some institutional scholarships that take race into account may soon disappear, minority students with financial need still have access to a variety of funding sources for their education — including grants, external scholarships, aid related to family income and federal loans.
A few states have already begun threatening scholarships meant for students of color in the wake of the Supreme Court’s affirmative action ruling. On June 29 — the day of the Supreme Court decision — Missouri’s Republican attorney general sent a letter to state universities directing them to end race-based scholarships. The Republican speaker of Wisconsin’s state assembly and the president of the University of Kentucky have also released statements indicating that race-based scholarships could fade.
The automaker said improving material costs and greater plant capacity contributed to the cuts, which come as inventories of many EVs are rising as production outstrips demand.
The third-generation Traverse crossover is designed to be more SUV-like, with a more rugged exterior, a new turbocharged four-cylinder engine and a Z71 version designed to conquer unpaved terrain.
Tesla is cutting staff even as it plans to double annual production capacity at its European plant near Berlin to 1 million cars.