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…
For Tesla’s board and many investors, CEO Elon Musk and Tesla’s success are closely linked. Now that a vote on a record-setting pay package for Musk is settled, the bulls are crowing and the naysayers are alarmed. On Thursday, 75% of Tesla shareholders voted to approve Musk’s proposed $1 trillion CEO pay package, contingent on…
Tesla shareholders have just days left to vote on whether to approve a staggering pay package for chief executive Elon Musk that could award him nearly $1 trillion in shares. Musk could leave the company if shareholders reject the package, board chair Robyn Denholm warned in a letter to voters last week. The pay proposal…
Topline Threads, Meta’s text-based social media platform that launched in 2023 as a challenger to the Elon Musk-owned X, for the first time beat X in global daily active mobile users for the month of October, according to data shared with Forbes by market intelligence company Similarweb. Threads surpassed X in the number of daily…
Bill Gates’s suggestion for a pivot away from emissions reduction and toward lessening human misery makes a kind of sense; it’s easier to get an emotional boost from helping children with malaria than from reducing CO2 emissions by a fraction of a percent (“Bill Gates calls for climate fight to shift focus from curbing emissions…
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) could soon find itself at the center of Dubai’s next big transportation experiment. In what may become the Boring Company’s most ambitious project yet, the UAE’s Minister for Artificial Intelligence, Omar Al Olama, said the first phase of the Dubai Loop is expected to go live by…
With AI beginning to look as if it has reached a deployment plateau — if not a lessening of hype — high-tech promoters and investors are on the hunt for the next big thing. And they’re focusing on humanoid robots. You know the species because androids have been a mainstay of science fiction since before…
Billionaire entrepreneur Mark Cuban has praised Elon Musk for being “smart and ahead of the curve,” particularly in the realm of video-trained robotics and AI. However, Cuban remains sceptical about Musk’s vision of humanoid robots dominating the future. Speaking on the Prof G Markets podcast, Cuban highlighted that while robotics will be crucial for productivity,…
Elon Musk‘s business empire is experiencing a significant wave of senior departures across his five companies, as employees cite burnout, strategic disagreements, and concerns about the billionaire’s political activism, according to the Financial Times. Key executives have recently left Tesla and xAI, Musk’s artificial intelligence startup. Tesla has seen departures from its US sales team,…
Elon Musk recently shared a breathtaking visual of SpaceX’s Starship, proudly emphasising that “no AI was used to design it.” The post serves as a reminder of the spacecraft’s real-world progress, contrasting with its almost science-fiction-like appearance in photographs by space photographer John Kraus. Musk’s comments also align with his long-stated Mars colonisation vision, first…