64 h. ago Elon Musk says Tesla’s robot could follow people around to stop crime

Humanoid machine could prevent ‘future crime’, tech billionaire says

Events

4 d. ago Musk is paid $1tn. Nvidia’s worth $5tn. Yet America’s poor are struggling to eat | Steven Greenhouse

We may be in a golden age for the super-rich – but it doesn’t feel that way for the 42 million Americans who use SnapIt seems like an understatement to call this the New Gilded Age. Perhaps we should instead call it the Obscenely Over-the-Top Gilded Age, considering that Tesla shareholders just approved a $1tn pay package for Elon Musk and the market value of chipmaker Nvidia has rocketed above $5tn.Not only that, the 10 richest billionaires in the US saw their collective wealth soar by $698bn over the past year, while Google’s former CEO, Eric Schmidt, reportedly paid $110m for a 123-room mansion in Los Angeles to host events. And then there’s our billionaire president, who – when his family isn’t raking in tens of millions of dollars through crypto – is obsessed with building a $300m, gilded-to-the-hilt ballroom, funded by fellow billionaires.Steven Greenhouse is a journalist and author, focusing on labor and the workplace, as well as economic and legal issues Continue reading...

Politics

6 d. ago A year on from Trump’s victory, resistance is everywhere | Rebecca Solnit

Americans have shown a tremendous amount and variety of opposition – more than some may realizeA young white woman in yoga clothes berating masked ICE agents in a parking lot this spring. A pope speaking up again and again for immigrants. Furious judges dressing down the Trump administration and ruling against it time after time after time, in response to the blizzard of lawsuits filed by human rights and environmental groups, states, cities and individuals. A senator speaking nonstop for 25 hours and another flying to El Salvador to find out what happened to his kidnapped constituent. The biggest day of protest in US history as an estimated 7 million people showed up for No Kings on 18 October in small towns and red counties as well as big blue cities.Weekly protests at Tesla salesrooms earlier this year that succeeded in damaging the brand, depressing global sales and prompting Tesla CEO Elon Musk to retreat from his Doge slash-and-burn project. Federal workers resisting sometimes...

Politics

8 d. ago ‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

Making Elon Musk the world’s first trillionaire appears to fit a US investment culture of backing high-flying innovatorsFor all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk.Investors in the electric vehicle maker voted on Thursday to put the world’s richest person on the path to become the world’s first trillionaire, despite the controversy that is now seemingly intrinsic to his public profile. Continue reading...

Economics

8 d. ago Voices: Elon Musk is worth every cent of his trillion dollars

Tesla shareholders have put the world's richest man on the superhighway to being our first trillionaire – and it could be a breakthrough moment for all of mankind, says Sean O'Grady

Politics

8 d. ago Elon Musk reacts to $1trillion pay deal approved by Tesla shareholders: 'Time to pull a LOT of rabbits out of the bag'

The deal would see the world’s richest man become significantly richer over the next decade

Economics

9 d. ago Tesla shareholders approve Elon Musk's $1 trillion pay package after founder threatens to leave

Elon Musk could become the world's first trillionaire after Tesla shareholders voted to give him a mammoth pay package.

Economics

9 d. ago Musk could become history's first trillionaire as Tesla shareholders approve giant pay package

The world’s richest man was just handed a chance to become history’s first trillionaire

Politics

9 d. ago Tesla awards Elon Musk $1 trillion payday after board warned he might walk away

Shareholders believe Musk is the man to drive electric vehicle manufacturer to $8.5 trillion in market value over next decade, shrugging off experts’ concerns about the business becoming too reliant upon him

Events

9 d. ago Elon Musk to become world's first trillionaire as Tesla shareholders vote to pay him $1trillion

Tesla shareholders have voted to give Elon Musk a huge pay package of nearly $1trillion worth of stock over the next decade, making him the world's first trillionaire

Politics

9 d. ago Tesla shareholders to vote on $1tn pay package for CEO Elon Musk

If approved, the CEO will need to increase Tesla’s value eightfold, to $8.5tn in market capitalization, by 2035Tesla shareholders met on Thursday to vote on a compensation plan for CEO Elon Musk worth close to $1tn. If approved, the package will demonstrate shareholders’ confidence the billionaire can lead his car company into an era dominated by artificial intelligence and robotics. If denied, Tesla may face the loss of a leader who once made the company name synonymous with electric vehicles.If Musk delivers on the lofty milestones in the pay package laid out at Tesla’s 6 November annual meeting, he could become the world’s first trillionaire. To do so, he will need to guide Tesla to $8.5tn in market capitalization, eight times what it’s worth today. He will also be required to deploy millions of autonomous vehicles and humanoid robots and sustain the company’s bottom line in the hundreds of billions over the next decade. Continue reading...

Economics

9 d. ago How Tesla shareholders could make Elon Musk the world’s first trillionaire

Shareholder votes on a pay package worth $1tn to be tallied 6 November – but it contains milestones beyond growing the company’s market capIf Elon Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire.That is if stockholders approve the company’s latest proposed compensation plan for the “Superstar CEO”, as a judge once called him, at this week’s annual shareholders meeting in Austin, Texas, set for Thursday afternoon. Continue reading...

Politics

1 week ago Musk the trillionaire? Debate over his Tesla pay package rages

Tesla shareholders will decide soon on whether Elon Musk could have a shot at becoming the world's first trillionaire

Politics

1 week ago Major Tesla investor to vote against Elon Musk’s $1 trillion pay package

Norway’s sovereign wealth fund calls Musk a ‘visionary,’ but says it has concerns about the figure

Economics

1 week ago Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund

Carmaker’s seventh biggest single investor will vote against package at annual shareholder meetingBusiness live – latest updatesNorway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon Musk.The fund, which is the biggest national wealth fund in the world, said that while it appreciated the “the significant value created under Mr Musk’s visionary role” it would vote against his performance award. Continue reading...

Economics

1 week ago Norway’s oil fund to vote against Elon Musk’s $1tn pay deal at Tesla

World’s largest sovereign wealth fund is a top-10 investor at US electric vehicle maker

Economics

2 w. ago Nation's largest fleet of police Cybertrucks to patrol Las Vegas

The nation’s largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November

Events

2 w. ago Tesla chair warns shareholders that Musk could walk if they don’t approve $1 trillion payday

Tesla’s board has received some criticism over its apparent close relationship with Musk, the company’s CEO

Events

3 w. ago How Elon Musk made $25billion in one day – cementing his spot as richest man alive

Tesla billionaire Elon Musk had a dream day back on October 25, 2021, when he added $25billion to his fortune in a single day thanks to the car manufacturer's stock skyrocketing

Economics

3 w. ago 'Corporate terrorists': Elon Musk hits out at opponents of his $1TRILLION pay package as profits slump

Elon Musk has branded opponents of his proposed $1trillion (£750billion) Tesla pay package 'corporate terrorists'.

Economics