Electric vehicle maker Rivian has announced a compensation plan for CEO RJ Scaringe worth as much as $4.6 billion over the next decade. This follows the model established by Tesla CEO Elon Musk‘s record pay package and linking rewards to new profit targets and lower share price milestones than a previous deal. Rivian’s pay package…
Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk isn’t known for mincing words and his comments on New York City’s incoming mayor, Zohran Mamdani, were no exception. “Mamdani is a charismatic swindler,” Musk claimed in a recent appearance on the “Joe…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The richest person in the world now has a clear path to become the first $1 trillion man. Elon Musk will have to hit key milestones, perhaps even improbable ones, to unlock record-breaking…
Elon Musk’s latest obsession and the project he is super focused on is reportedly Ani, an artificial intelligence girlfriend created by his AI company xAI. According to the Wall Street Journal (WSJ), he oversaw the development and design of the racy chatbot. Elon Musk xAI’s chatbot Ani’s adult mode feature has raised concerns. (AFP) What…
Investors can buy the dip on some key tech stocks after this week’s market losses, according to Eddie Ghabour, Key Advisors Wealth Management managing partner. Stocks declined this week on worries that the AI-powered bull market could get hit by an economic slowdown and historically elevated valuations. Data released Friday showed that consumer sentiment has…
Topline Tesla shares declined more than 3% on Friday, cutting CEO Elon Musk’s fortune by $10 billion after the automaker voted to approve a compensation plan that could award the world’s richest person $1 trillion over the next decade—a move derided by some analysts and shareholders. An overwhelming majority of Tesla shareholders approved a payment…
Tesla (TSLA) shareholders approved CEO Elon Musk’s new pay package, one that could reach $1 trillion in overall compensation. Tesla said Musk’s package passed with over 75% approval. “I’d like to give a heartfelt thanks to everyone who supported the shareholder votes,” Musk said at the meeting. “I super appreciate it.” Musk added: “What we’re…
Tesla CEO Elon Musk could receive the largest corporate pay package in history worth as much as $878bn if he meets certain performance targets. Here is what this means, and how Musk could become history’s first trillionaire. What has been announced? Musk won a Tesla shareholder vote on Thursday, with more than 75 percent in…
What Happened: T-Mobile just flipped the switch on a new “Text-to-911” service that works using satellites. This is a huge deal. It’s designed to help you in an emergency when you’re in a remote area with zero cell service. They’ve teamed up with SpaceX’s Starlink to make this happen, and it already covers a massive…
Tesla shareholders on Thursday approved a new pay package for CEO Elon Musk that is potentially worth up to $1 trillion over a decade, despite some prominent investors criticizing the size of the compensation plan. The plan, one of the richest compensation packages in corporate history, would be delivered to Musk — the richest person in the…