Tesla shareholders will decide next week whether to reinstate CEO Elon Musk’s unprecedented 11-figure bonus, a decision Wall Street classifies as a pivotal moment for the carmaker as the centibillionaire’s head turns to his various other endeavors.
E-safety commissioner Julie Inman Grant has confirmed she will pursue the case to remove violent content from X in Federal Court. The social media platform led by Musk said it is pleased that ‘freedom of speech has prevailed.’
Musk sold more than $20 billion in Tesla stock around the same time he purchased Twitter for $44 billion in late 2022.
Move over Bernard Arnault. There’s a new wealthiest person on the planet.
Musk claimed his AI startup had a $18 billion valuation before the latest funding round.
The electric vehicle maker said earlier this year it would cut 10% of its workforce.
Billionaire Leo Koguan, who claims to hold more than 27 million Tesla shares, said Musk is a “tyrant CEO” who has abandoned the carmaker for his other companies.
The funding would provide Musk’s venture, which is behind the Grok AI chatbot, a welcome boost in its efforts to catch up to AI rivals like OpenAI, Google and Anthropic.
After jostling for the position of second-wealthiest person in the world more than a dozen times in March, Musk and Bezos are competing closely once again.
Elon Musk internally announced that about 500 people, or the entire team that works on superchargers for Tesla, were being let go this week, according to The Financial Times.