Tesla shareholders approved a compensation package Thursday for CEO Elon Musk that could be worth close to $1 trillion, a deal proposed by Tesla’s board as crucial to keeping the world’s richest man at the company, though the payment plan was challenged in recent weeks by some of the automaker’s largest shareholders.
Big funds, advisory firms and the Pope oppose the exorbitant plan. Approval means shareholders think the polarizing, distracted CEO can top past successes with an AI-powered strategy.
After a volatile April for U.S. stocks, a guide to which of the world’s top ten richest came out ahead–and whose fortunes fell.
Musk is now half-way to becoming the first ever trillionaire.
Elon Musk previously broke with President Donald Trump in calling for the Epstein files to be released earlier this year.
While the number of daily active users for Threads has steadily grown in the two years since it launched, X’s numbers have declined considerably.
Elon Musk hypes the AI-enabled system, and getting more people to buy it is key to his new pay package. But in a recent test, it ignored some street signs and squashed a mannequin child.
Erika Kirk, the slain activist’s widow who took over as CEO of Turning Point USA, will also address the crowd of mourners at State Farm Stadium.
Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.
Economists were “blown away” by Oracle’s projections for AI growth: “We’re all kind of in shock, in a very, very good way.”