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Mullen Group downgraded to Neutral from Outperformer at CIBC

Mullen Group downgraded to Neutral from Outperformer at CIBC

CIBC downgraded Mullen Group (MLLGF) to Neutral from Outperformer with a C$15 price target
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AUTOPILOT CRASH CASE: A jury in Miami ordered Tesla pay $329M to victims of a crash involving the company's autopilot driver assist technology, Bernard Condon and David Fischer of Associated Press report. The jury held Tesla significant responsible for the fatal accident because its technology failed, according to the AP. AWARD OF 96M SHARES: In a regulatory filing, Tesla stated, 'As previously disclosed in its quarterly report on Form 10-Q for the three months ended March 31, 2025, the board of directors of Tesla, Inc., a Texas corporation, established a special committee to consider certain compensation matters involving Elon Musk, the company's Chief Executive Officer. The Special Committee is comprised of disinterested directors Robyn Denholm and Kathleen Wilson-Thompson. On August 3, 2025, the company approved an award of 96 million shares of restricted stock to Mr. Musk under the Company's 2019 Equity Incentive Plan. 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