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Elon Musk shared reports of Reliance-backed firms' donations to the BJP, stepping up his campaign against the corporate giant he had accused of blocking the entry of Starlink into India. Musk on Friday evening posted screenshots of news reports on Reliance-backed firms' donations to the BJP, hours after he sarcastically addressed industrialist Mukesh Ambani as "Prime Minister Ambani" and accused him of seeking to protect a "monopoly". Musk had also asked if Ambani would consider allowing the satellite internet service to compete in the country. Earlier, Communications Minister Jyotiraditya Scindia asserted that India does not permit monopolies in any sector, and that despite the buzz around one particular company, three players have received satcom licences and can start operations after individually meeting the security requirements and milestones.
Billionaire Elon Musk likely broke Wisconsin law when he handed out USD 1 million checks to voters in the 2025 state Supreme Court election, a bipartisan panel has found. The Wisconsin Elections Commission last week referred two complaints to the Brown County district attorney's office, which can choose to bring criminal charges over violating the state law against election bribery. Prosecutors have 40 days to report back to the commission. Musk, the founder of SpaceX and CEO of Tesla, was deeply involved in the effort to flip majority control of the highest court in battleground Wisconsin. The tech titan and groups he supported spent at least USD 20 million on the candidate backed by Republicans, Brad Schimel. However, he lost by 10 percentage points to Democratic-backed candidate Susan Crawford. A month after the lopsided loss, Musk announced that he would be spending far less on political campaigns. Spending on the election topped USD 100 million, making it the most expensive ..
Elon Musk, already the world's richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a USD55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to steer the automaker to new heights. Besides padding Musk's current fortune of USD 679 billion, the restoration of the 2018 pay package vindicates his long-held belief that the Delaware legal system had overstepped its bounds in January 2024 when Chancellor Kathaleen St Jude McCormick rescinded the compensation in a case brought by a disgruntled Tesla shareholder. Tesla didn't immediately respond to a request for comment late Friday. McCormick's ruling so incensed Musk that it spurred him to spurn Delaware and reincorporate Tesla in Texas. That decision also caused Tesla's board to scramble for ways to keep its CEO happy, including a successful effort to persuade the company's shareholders to reaffirm the pay package, which was valued at USD 44.9