Category: Musks
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Donald Trump admits EV flip-flop was a quid-pro-quo to secure Elon Musk’s support
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Republican presidential candidate Donald Trump has admitted that he has softened his staunch opposition to electric cars in order to win the endorsement of billionaire Tesla CEO Elon Musk. The former president, known for his transactional politics, championed an economic agenda that relied heavily on cheap and abundant energy through…
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Plea To Restore Bitcoin Emoji On Musk’s X
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The cryptocurrency community has been abuzz with debate and demands following the recent removal of the Bitcoin hashtag symbol from Elon Musk’s social media platform X. The move, which occurred on the first day of the highly anticipated Bitcoin 2024 conference in Nashville, Tennessee, sparked outcry from industry figures and…
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Plea To Restore Bitcoin Emoji On Musk’s X
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The cryptocurrency community has been abuzz with debate and demands following the recent removal of the Bitcoin hashtag symbol from Elon Musk’s social media platform X. The move, which occurred on the first day of the highly anticipated Bitcoin 2024 conference in Nashville, Tennessee, sparked outcry from industry figures and…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…
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Yaccarino shakes up X amid Musk’s pressure on costs, FT says By Reuters
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(Reuters) – The CEO of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month, Yaccarino fired her right-hand man and head of business operations…
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Dell, Nvidia and SMC collaborate to power Musk’s Grok AI factory By Investing.com
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Investing.com – Dell Technologies Inc (NYSE:), led by CEO Michael Dell, announced a partnership with NVIDIA Corporation (NASDAQ:) to build an AI factory designed to enhance the capabilities of Grok, an AI model developed by Elon Musk. ,xAI. We’re building the Dell AI Factory using… @nvidia To power @understands extensively…
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Elon Musk’s Neuralink forced a pregnant employee to work with herpes-infected monkeys: lawsuit
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Elon Musk’s brain-implant startup Neuralink Corp. forced an employee to work with monkeys carrying the herpes B virus in conditions where the animals scratched her bare skin, according to a complaint filed Friday in California state court. Employee Lindsay Short said that once she moved to the company’s Fremont, California,…
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Exclusive-Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package By Reuters
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Written by Ross Kerber (Reuters) – Vanguard, Tesla Inc. (NASDAQ:)’s largest outside investor, said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, which contributed to the record-breaking rankings being passed on Thursday. In a memo seen by Reuters, Vanguard said it voted…
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Tesla bull case upped to $350 after Musk’s pay package approval
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Shareholders of Elon Musk and Tesla (NASDAQ:) are having a “pop the champagne” moment after their controversial 2018 compensation package and Texas incorporation received overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts said. Marking a pivotal moment for the company, company analysts expect the $20 to $25…
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Musk’s small-investor army cheers approval of $56 billion Tesla pay package By Reuters
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Written by Abhiroop Roy SAN FRANCISCO (Reuters) – Elon Musk’s army of small investor allies scored a victory on Thursday as the Tesla (NASDAQ:) CEO won a crucial shareholder vote on his $56 billion pay package despite opposition from major institutions. Wealthy investors, who own an unusually high stake in…
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Tesla turns to Musk’s small shareholder fans to back $56 billion payday By Reuters
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Written by Ross Kerber (Reuters) – With Tesla Inc’s (NASDAQ:) major shareholders appearing divided over whether to support Elon Musk’s $56 billion pay package, the company is also looking for support from individual investors who make up an unusually high percentage of the industry’s ownership base. Electric cars. Small investors…
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…
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Elon Musk’s Mega Tesla Paycheck – It’s Not About the Money
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Let’s dive into the details of Elon Musk’s $46 billion compensation package from Tesla, the controversy surrounding it, and why it’s more about stimulus than money. Elon Musk’s amazing payday Tesla’s astronomical $46 billion payday from Elon Musk has been the subject of much controversy. But according to Tesla CEO…
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Elon Musk’s Mega Tesla Paycheck – It’s Not About the Money
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Let’s dive into the details of Elon Musk’s $46 billion compensation package from Tesla, the controversy surrounding it, and why it’s more about stimulus than money. Elon Musk’s amazing payday Tesla’s astronomical $46 billion payday from Elon Musk has been the subject of much controversy. But according to Tesla CEO…
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The legal team that invalidated Tesla Inc’s record pay package is entitled to a small portion of the $5.6 billion legal fees it sought because their lawsuit provided almost no benefit, the electric car maker said in court papers on Friday. For…
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay By Reuters
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The Wilmington electric car maker (NASDAQ:) said the legal team that invalidated Tesla Inc’s (NASDAQ:) record pay package is entitled to a small portion of the $5.6 billion legal fees they sought because their lawsuit It provided almost no benefit to the…
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Top proxy adviser ISS recommends against Tesla CEO Musk’s ‘excessive’ $56 billion pay By Reuters
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Written by Ross Kerber (Reuters) – Top proxy advisory firm ISS recommended that Tesla (NASDAQ:) shareholders vote against ratifying CEO Elon Musk’s $56 billion pay package, calling the compensation excessive and rejecting the plan drawn up by the electric car maker’s board. In a report sent by a representative late…
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Cathie Wood’s Ark Investment Management Bets Big On Elon Musk’s AI Venture, XAI
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A picture of the economic era In a move that underscores the growing importance of artificial intelligence (AI) in the global technology landscape, Cathie Wood’s Ark Investment Management has made a major investment in Elon Musk’s artificial intelligence startup, xAI. This strategic acquisition, which represents approximately 2% of Ark’s holdings,…
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Elon Musk’s AI Start-Up xAI Raises $6bn in Funding
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Elon Musk’s artificial intelligence startup, xAI, has raised $6 billion from high-profile investors, including Andreessen Horowitz and Sequoia Capital. This latest round of funding boosts the company’s value to an estimated $24 billion, making it an important player in the AI landscape. The newly acquired funds will be instrumental in…