Page 6 - Elon Musk

3 things Elon Musk must do to earn $1 trillion pay package

Tesla's chief has a set of benchmarks to meet to earn his full payout, which includes growing the company's market value to expanding the robotaxi business

Musk secures historic $1 trn Tesla pay package with shareholder approval

The plan won over 75 per cent support at Tesla's annual meeting in Austin, Texas, as investors endorsed Musk's vision of turning Tesla into an AI and robotics powerhouse

Elon Musk the trillionaire? Debate over his Tesla pay package rages

Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more -- a lot more. Shareholders gathering on Thursday for Tesla's annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company's CEO and already the richest person in the world, enough stock to potentially make him history's first trillionaire. It's a vote that has sparked heated debate on both sides of the issue, even drawing the pope's comments on it as an example of income inequality. Several pension funds have come out against the package, arguing that the board of directors is too beholden to Musk, his behaviour too reckless lately and the riches offered too much. Supporters say Musk is a genius who is the only person capable of ushering in a Tesla-dominated future in which hundreds of thousands of self-driving Tesla cars -- many without steering wheels -- w

Musk's trillion-dollar temptation: Tesla faces a high-stakes shareholder vote

As Musk seeks unprecedented control over Tesla, a shareholder vote will decide whether vision trumps checks and balances

Norway fund to vote against Tesla's $1 trn compensation for Elon Musk

Investors in the electric-vehicle maker will decide on November 6 whether to approve the package, likely the largest-ever CEO compensation agreement

Tesla hires ex-Lamborghini chief Sharad Agarwal to lead India operations

Before joining Tesla, Sharad Agarwal led Lamborghini India for nearly a decade, helping the brand dominate the country's super-luxury market

Chinese firm begins trial production of flying cars, ahead of Tesla

A Chinese firm this week began trial production of flying cars stated to be the next generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly. Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world's first intelligent factory for mass-produced flying cars --- a milestone in the commercialisation of next-generation transport. Located in the Huangpu district of Guangzhou, the capital of south China's Guangdong Province, the 120,000-square-metre plant has already rolled out the first detachable electric aircraft of its modular flying car, the Land Aircraft Carrier, the state-run Xinhua news agency reported. The facility is designed to have an annual production capacity of 10,000 detachable aircraft modules, with an initial capacity of 5,000 units. It has the largest production capacity of any factory of its kind, and will be capable of assembling one aircraft ever

Trump backs Cuomo, warns of funding cuts if Mamdani wins NYC mayoral race

US President warns New York City could face an 'economic and social disaster' under 'Communist' Zohran Mamdani's leadership; backs Democrat Andrew Cuomo as the only viable alternative to avert crisis

Sam Altman cancels Tesla Roadster reservation after '7.5 years of wait'

Last year, Musk said the Roadster's design was nearing completion and promised it would be "something spectacular," indicating that production was planned for 2025

Musk's lawyer vows continued legal battle to unwind OpenAI restructuring

Altman has denounced Musk's lawsuit challenging the OpenAI restructuring as a weaponisation of the legal system to slow down a competitor

Starlink to conduct security, technical demo runs in Mumbai on Oct 30-31

Elon Musk-led Starlink is scheduled to conduct demo runs on October 30 and 31 in Mumbai to show compliance with security and technical conditions for satellite broadband services, sources said. The demo, to be done before law enforcement agencies, will be based on the provisional spectrum assigned to Starlink, sources told PTI. The move would mark a significant step ahead of its planned entry into the Indian satellite broadband market, as these demos are an essential requirement for Starlink to secure clearances before it can launch commercial services. Sources said Starlink will run a demo to show compliance with the security and technical conditions of GMPCS authorisation. This will be conducted in Mumbai on October 30 and 31, sources added.

Tesla looks at internal CEO candidate if Musk leaves over pay package vote

Robyn Denholm, chair of Tesla's board, said to ensure an 'orderly transition, the most likely would be internal'. However, Denholm has not ruled out the possibility of external candidates

Elon Musk unveils Grokipedia 0.1 to rival Wikipedia: What's different

Elon Musk's xAI has introduced Grokipedia 0.1 - an AI-generated digital encyclopedia aiming to compete with the human-edited Wikipedia, promising more transparency

Starlink leases office space in Mumbai as India satellite rollout nears

Starlink, Elon Musk's satellite internet venture, has leased office space in Mumbai's Chandivali, marking its first physical presence in India as it prepares to launch broadband services

How different is Elon Musk's AI-powered 'Grokipedia' from Wikipedia?

Grokipedia is an online encyclopedia created by artificial intelligence, promoted by Elon Musk as a 'less biased' alternative to Wikipedia

Starlink plans 9 earth stations across India ahead of satcom launch

The Elon Musk-owned company has been given temporary permission to use some radio spectrum to test its systems and meet security requirements

Elon Musk's Starlink begins security trials before India retail rollout

The SpaceX-owned network is also awaiting the Telecom Regulatory Authority of India's (Trai's) final pricing framework for satellite services

European space push: Airbus, Leonardo, Thales join forces in €6.5 bn deal

Airbus, Leonardo and Thales will merge space businesses, creating a €6.5 billion company with 25,000 employees and cost savings of mid-triple-digit millions

Tesla profit tumbles 31% despite record sales of EVs as costs rise

Elon Musk highlighted Tesla's Q3 AI and robot projects and his trillion-dollar pay plan, but gave few details on reviving EV sales after a 40 per cent profit drop

Musk criticises Nasa's Sean Duffy as Isaacman praises agency leader

The comments by Musk, the space industry's most prominent CEO, come a day after Duffy expressed frustration over the development by Musk's company of a lunar lander