Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn...
The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37% so far in 2024.
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Elon Musk criticizes the Brazilian Parliament's lack of action against Supreme Court Justice Alexandre de Moraes, whom he labels a "brutal dictator," amid his ongoing investigation for obstructing justice in a social media dispute. read more
Investors close to Elon Musk are in talks to help xAI raise $3 billion in a funding round that could value the startup at $18 billion, sources told the Wall Street Journal.
A standoff between Elon Musk and Brazil escalated on Sunday when a Supreme Court judge opened an inquiry into the billionaire after Musk said he would reactivate accounts on the social media platform X that the judge had ordered blocked. Musk, the owner of X and a self-declared free speech absolutist, has challenged a decision by Justice Alexandre de Moraes ordering the blocking of certain accounts. He has said X, formerly known as Twitter, would lift all the restrictions because they were...
Billionaire Elon Musk on April 9 claimed that the Brazilian employees of his social media site X (formerly known as Twitter), are being threatened with arrest. The tech mogul further added that all details he has on Brazilian Supreme Court judge Alexandre de Moraes will be shared after his employees are safe.“We need to get our employees in Brazil to a safe place or otherwise not in a position of responsibility, then we will do a full data dump. They have been told they will be arrested,” he...
Elon Musk's Xitter is trying to stall DOJ investigations again.
Tesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition.
The government has invited the founders of spacetech startups such as Agnikul Cosmos, Bellatrix Aerospace, Skyroot Aerospace, Dhruva Space, Pixxel, SatSure and Digantara to meet Tesla and SpaceX chief Elon Musk in New Delhi on Monday.A group of startup executives and Indian Space Research Organisation (ISRO) officials visited SpaceX’s facilities in Hawthorne, California, last month as a part of the US Department of State's International Visitor Leadership Programme.Startups like Pixxel and...
Elon Musk’s recent presentation on SpaceX’s ambitions for making life multiplanetary provided an expansive overview of the company’s current projects and its future aspirations. Musk’s vision, deeply rooted in the existential perspective that humankind must become a multiplanetary species to ensure the long-term survival of consciousness, continues to drive SpaceX’s innovative advancements in space technology. […]
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...