Tesla's change in bylaws to limit shareholder lawsuits slammed by New York state officials

Tesla's change in bylaws to limit shareholder lawsuits slammed by New York state officials

New York state officials are pressing Tesla to repeal a company bylaw that limited investors' rights to sue the EV maker over breaches of fiduciary duty.

Seligman Maintains Big Tesla Short

Seligman Tech Spectrum Fund is maintaining a big short bet on Tesla.The technology hedge fund headed by Paul Wick told investors in the second-quarter letter that the electric-car maker continues to be its largest short position, representing 4 percent of capital.“While it’s one of the worst-performing large-cap stocks this year, we are frankly surprised that it’s held up as well as it has,” Wick said. It is down 22 percent for the year.

Tesla’s Bylaw Change To Limit Shareholder Lawsuits Sparks Outrage Among New York Officials

By Rachel Carter, Corporate Governance Analyst | Published: July 17, 2025 Tesla, the electric vehicle giant led by Elon Musk, is under fire from New York state officials for a controversial bylaw change that restricts shareholders’ ability to sue the company for breaches of fiduciary duty. The move, which requires investors to own a 3% ... Read more The post Tesla’s Bylaw Change to Limit Shareholder Lawsuits Sparks Outrage Among New York Officia…

Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials – DG Verifications & Stats

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNTElon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC In May, Tesla changed its corporate bylaws in a way that would require investors to own 3% of the stock, today worth about $30 billion, in order to file a derivative lawsuit against the company for breach of fiduciary duties. Authorities in New York State are now asking Tesla to delete the bylaw entirely. Ov…