Tesla shareholders voted in favour of Elon Musk’s pay package at Thursday’s annual meeting, following weeks of campaigning by the company. However, he will not receive the compensation immediately. Tesla shareholders endorsed a $45 billion pay package for Musk following a hard-fought vote of confidence. The result comes as the 52-year-old billionaire tycoon battles for … Read more
By TOM KRISHER and DAVID HAMILTON | AP Business Writers DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. The favorable vote doesn’t … Read more
2024 Annual Stockholder Meeting Tesla chief Elon Musk has shared new footage of the company’s humanoid Optimus robot, along with an update on how development of the robot is progressing. The video (above), which was shown during Tesla’s annual stockholder meeting on Thursday, shows Optimus walking at a steady pace and performing a task autonomously … Read more
Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. The … Read more
A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The entire value of the S&P 500 currently stands at … Read more
Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. At Tesla’s annual meeting in Austin, Texas, the vote in support of the compensation plan, doesn’t override the … Read more
Tesla shareholders are giving Elon Musk the green light on his $56 billion pay package, according to a social media post by Musk himself. This comes after a Delaware judge struck down the original plan. The compensation package, with a potential value of up to $56 billion, awards Musk stock options linked to Tesla achieving … Read more
Eight former SpaceX employees filed a lawsuit against the company and CEO Elon Musk, raising concerns about a hostile work environment. The lawsuit alleges that Musk engaged in behaviour that objectified women and used lewd banter during their employment. The lawsuit further alleges that the employees were subjected to wrongful termination in 2022 as retaliation … Read more
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers — four women and four men — claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a “distraction and embarrassment” and urging … Read more
On Monday, Apple revealed a suite of highly anticipated AI features — including ChatGPT — that it will soon integrate into its devices. But not everyone was thrilled at the news. While some observers were excited at the prospect of, for example, drawing math equations on an iPad that could then be solved by AI, billionaire tech mogul Elon … Read more
