Elon Musk’s pay package at Tesla challenged in court
2 years, 1 month ago

Elon Musk’s pay package at Tesla challenged in court

The Hindu  

Testimony began on November 14 in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The first witness called to testify was Ira Ehrenpreis, a prominent venture capitalist and longtime friend of Mr. Musk who chaired Tesla’s compensation committee when the grant was formulated. Mr. Musk would receive the full benefit of the pay plan, $55.8 billion, only if Tesla hit a market capitalisation of $650 billion and unprecedented revenues and earnings within a decade. Mr. Ehrenpreis testified that much of Tesla’s success has been the result of Mr. Musk’s leadership, which he said combined bold vision with “a maniacal focus on execution. Mr. Ehrenpreis described the milestones in the plans as “extraordinarily ambitious and difficult.” According to minutes from a 2017 meeting of the compensation committee, the directors wanted to properly balance the motivation of “stretch” goals for Mr. Musk while avoiding “demotivating factors created by seemingly impractical, unrealistic or unachievable goals.” Mr. Ehrenpreis also testified that his friendship with Mr. Musk played no role in his vote to approve the plan.

Market Compensation Tesla Musk Billion Capitalisation Ehrenpreis Plan Mr  capitalisation  ehrenpreis  plan  mr  pay  musks  challenged  musk  milestones  package  tesla  billion  compensation  market  court  elon

History of this topic

Americans view both Musk and Trump roughly equally favorably, new poll discovers
5 days, 1 hour ago

Americans view both Musk and Trump roughly equally favorably, new poll discovers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The people want change," Musk told the audience of …

Why Elon Musk should get every cent of his $56bn Tesla pay package
6 days, 12 hours ago

Why Elon Musk should get every cent of his $56bn Tesla pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration
Trending News
1 week ago

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration

Salon  

Elon Musk’s net worth has topped $400 billion, making him the first person in the world to reach that threshold and far ahead of the other billionaires tapped for President-elect Donald Trump's incoming administration. Musk, CEO of Tesla and co-leader of Trump's new DOGE nongovernmental advisory group, has seen his fortune increase 77% since the Nov. 5 election to $447 …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
1 week ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Elon Musk’s net worth reaches historic peak. What is it?
1 week, 2 days ago

Elon Musk’s net worth reaches historic peak. What is it?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The world’s richest person became even richer Wednesday …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
1 week, 4 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
1 week, 4 days ago

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how

India Today  

Elon Musk, the world’s richest man, said that Microsoft co-founder Bill Gates could face bankruptcy under certain circumstances involving Tesla, the electric vehicle company Musk leads. Musk wrote on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” This comment has reignited their long-standing feud over Gates’ alleged short …

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
1 week, 4 days ago

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’

Live Mint  

Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt the Microsoft founder. Musk’s latest tweet boldly declared, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” According to NDTV, the feud between the two tech billionaires …

SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era
1 week, 4 days ago

SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era

Firstpost  

This surge in SpaceX’s valuation comes after a secondary share sale, which has contributed to the company’s growing financial strength. SpaceX has reached a valuation of $350 billion, with Musk’s personal wealth now standing at $400 billion As SpaceX continues to soar, so does Elon Musk's personal fortune. With SpaceX's recent success, Musk’s net worth has surpassed $400 billion, making …

Elon Musk’s net worth reaches historic peak. What is it?
Trending News
1 week, 4 days ago

Elon Musk’s net worth reaches historic peak. What is it?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The world’s richest person became even richer Wednesday …

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark
1 week, 4 days ago

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark

Hindustan Times  

Elon Musk has set a record as the first person to exceed a net worth of $400 billion, as per the Bloomberg Billionaires Index. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion A recent insider share sale at SpaceX, his aerospace company, is estimated to have …

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
1 week, 4 days ago

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale

Live Mint  

Elon Musk Net Worth: Elon Musk has made history by becoming the first individual to surpass a staggering net worth of $400 billion, according to the Bloomberg Billionaires Index. Elon Musk's net worth soared to an impressive $439.2 billion As Tesla shares hit a new high Wednesday, according to Bloomberg. Trump's Win and Musk's Stock Market Impact Elon Musk's $400 …

Elon Musk becomes first person to cross $400 billion in wealth
1 week, 5 days ago

Elon Musk becomes first person to cross $400 billion in wealth

India Today  

Elon Musk, the founder of SpaceX and CEO of Tesla, has become the first person in history to reach a net worth of $400 billion, according to the Bloomberg Billionaires Index. A recent insider share sale at SpaceX played a huge role in boosting Musk’s net worth, reported Bloomberg. Musk’s net worth surged to $447 billion, driven by both the …

Elon Musk becomes first person in history with $400 billion net worth
1 week, 5 days ago

Elon Musk becomes first person in history with $400 billion net worth

Hindustan Times  

SpaceX and Tesla CEO, Elon Musk, has become the first person in history to reach $400 billion in net worth, after a recent insider share sale as well as the recent US elections results, reported Bloomberg. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion According to …

Elon Musk becomes the first person on earth to reach a net worth of $400 billion
1 week, 6 days ago

Elon Musk becomes the first person on earth to reach a net worth of $400 billion

CNN  

New York CNN — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, …

Not just Elon Musk: Silicon Valley's tech bosses poured millions into US presidential campaign
2 weeks, 1 day ago

Not just Elon Musk: Silicon Valley's tech bosses poured millions into US presidential campaign

India Today  

NEW DELHI: Silicon Valley tech moguls made a significant impact on the recent 2024 US presidential election, with a Guardian analysis revealing that the tech industry contributed over $394.1 million to the race between Donald Trump and Kamala Harris. The majority of these donations came from billionaire Elon Musk, who gave an enormous $242.6 million to former President Donald Trump’s …

Why Elon Musk should get every cent of his $56 billion pay package
2 weeks, 2 days ago

Why Elon Musk should get every cent of his $56 billion pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’
2 weeks, 3 days ago

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Elon Musk, the world’s wealthiest person, has been tapped to …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
2 weeks, 5 days ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
2 weeks, 6 days ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
2 weeks, 6 days ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion
2 weeks, 6 days ago

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion

Firstpost  

With an estimated valuation of $255 billion, SpaceX is already the most valuable private startup in the world. The potential sale would boost SpaceX’s valuation over $350 billion, which would place SpaceX among giants in the aerospace and technology sectors The potential valuation of $350 billion would put SpaceX on par with some of the largest publicly traded companies globally. …

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?
2 weeks, 6 days ago

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?

Firstpost  

Tesla CEO Elon Musk’s $56 billion performance-based pay package has been blocked by a Delaware judge for the second time, despite shareholder approval. File Image/Reuters A Delaware judge in the United States has upheld her earlier ruling to block Tesla CEO Elon Musk’s record-breaking $56 billion pay package, despite multiple attempts by Musk’s legal team and Tesla shareholders to reinstate …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
2 weeks, 6 days ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
2 weeks, 6 days ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package
Trending News
2 weeks, 6 days ago

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package

Firstpost  

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the …

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package
2 weeks, 6 days ago

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Delaware judge has …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
2 weeks, 6 days ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

Elon Musk's $56 billion Tesla pay rejected by US court again
3 weeks ago

Elon Musk's $56 billion Tesla pay rejected by US court again

India Today  

Tesla CEO Elon Musk has faced yet another setback as a Delaware court rejected his $56 billion pay package for the second time, reported news agency Reuters. THE COURT’S DECISION Chancellor McCormick maintained that Tesla’s attempt to reinstate Musk’s pay package through a shareholder vote was not legally valid. The court also ruled that Musk improperly influenced Tesla’s 2018 board …

Musk’s $101bn Tesla pay package again rejected by US judge
3 weeks ago

Musk’s $101bn Tesla pay package again rejected by US judge

Al Jazeera  

Judge says Tesla’s ‘unprecedented theories’ do not support argument to reverse previous ruling scrapping pay deal. A judge in the United States has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package despite shareholders voting to restore the compensation deal. The decision by a Delaware judge on Monday reaffirmed an earlier ruling to void the pay …

US judge denies request to restore Elon Musk's $56 billion Tesla pay package
3 weeks ago

US judge denies request to restore Elon Musk's $56 billion Tesla pay package

India Today  

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the court ruling, Tesla shareholders met in June and …

Elon Musk loses $56 billion pay package in latest court ruling
3 weeks ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
3 weeks ago

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk

Associated Press  

— A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the original court ruling, Tesla shareholders met in …

Elon Musk was 3 weeks away from bankruptcy after coup at PayPal, then he turned things around
Trending News
3 weeks ago

Elon Musk was 3 weeks away from bankruptcy after coup at PayPal, then he turned things around

Hindustan Times  

Donald Trump's 2024 presidential election victory also translated into a new win for his billionaire supporter Elon Musk. As per The New York Post, Isaacson’s book details that Silicon Valley investor Peter Thiel, co-founder Max Levchin, board member Reid Hoffman, and COO and product leader David Dacks were behind the “coup.” PayPal board members masterminded Elon Musk's ouster The ouster …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 weeks, 1 day ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Elon Musk Is Now The Richest Person In History. Check Out His Net Worth
4 weeks, 1 day ago

Elon Musk Is Now The Richest Person In History. Check Out His Net Worth

ABP News  

Tesla CEO Elon Musk has officially become the wealthiest individual in history, according to Forbes. Tesla's Share In Musk's Wealth The Tesla stocks soared by 40 per cent following the US presidential election, reported Moneycontrol. This also included the latest rally of 3.8 per cent seen in the last trading session on Friday, which saw the firm’s shares climb to …

What to read to understand Elon Musk
4 weeks, 1 day ago

What to read to understand Elon Musk

Live Mint  

YOU WOULD have thought Elon Musk was busy enough building brain implants, electric cars, grid-scale batteries, robots, rockets, satellites and tunnelling machines. Simon & Schuster; 688 pages; $35 and £28 Walter Isaacson spent two years shadowing his subject; this authorised biography covers Mr Musk’s unhappy early years in South Africa, move to America and early success in the dotcom bubble, …

Elon Musk Becomes the Richest Person in History
Trending News
1 month ago

Elon Musk Becomes the Richest Person in History

Deccan Chronicle  

Elon Musk has officially surpassed all previous wealth records, becoming the richest person in history. His net worth has surged to an all-time high, fueled by the ongoing success of his ventures such as Tesla, SpaceX, and X. Musk's wealth trajectory has outpaced even tech moguls like Jeff Bezos, who held the title of the world's wealthiest individual for several …

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month ago

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion

Live Mint  

The richest man in the world, Elon Musk, has gotten richer by another $80 billion compared to second richest person and Oracle chairman Larry Ellison, according to a Forbes report. Overall, the tech mogul added $7 billion to his net worth to reach $334.3 billion at market close on November 22, 2024 — much of the boost coming from Tesla, …

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’
Top News
1 month ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Live Mint  

A heated exchange erupted between tech billionaires Elon Musk and Jeff Bezos after Musk accused Bezos of advising people to sell Tesla and SpaceX stock, claiming Donald Trump would lose the US presidential election. The Amazon founder swiftly denied the allegations in a rare post on X, calling them “100% not true.” Musk’s Accusations Musk, known for his outspoken social …

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win
1 month ago

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win

Firstpost  

Elon Musk current net worth is $334.2 billion, officially making him the world’s richest person. His wealth grew by about $70 billion since Donald Trump’s win in the 2024 US Presidential election, driven by a 40 per cent surge in Tesla shares Elon Musk has now officially become the wealthiest person in history with a net worth of $334.2 billion. …

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said
1 month ago

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said

Hindustan Times  

Elon Musk recently accused Jeff Bezos of asking people to sell Tesla and SpaceX stock while claiming that Donald Trump would certainly lose the election. Elon Musk vs Jeff Bezos Tesla CEO Elon Musk was one of Donald Trump’s most vocal and visible campaigners during the run-up to the US presidential election. Musk, however, has accused fellow billionaire Jeff Bezos …

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win
1 month ago

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win

Hindustan Times  

Elon Musk just can’t seem to stop breaking his own records. With a $70 billion boost to his net worth following Donald Trump’s win, Musk is now officially richer than anyone could have predicted—again. FILE - Tesla and SpaceX CEO Elon Musk, left, and President-elect Donald Trump attend a campaign event at the Butler Farm Show on Oct. 5, 2024, …

Elon Musk gets even richer after wealth hits all-time high post Trump win
1 month ago

Elon Musk gets even richer after wealth hits all-time high post Trump win

India Today  

Elon Musk, the CEO of Tesla and SpaceX, has reached a new milestone in wealth, becoming the richest he has ever been. Following a surge in the stock prices of his companies and the growing valuation of his ventures, Musk’s net worth has climbed to an all-time high of $334.3 billion, according to Forbes. TESLA STOCK BOOSTS MUSK'S WEALTH The …

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind
1 month ago

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind

LA Times  

Here’s what you need to know to start your day. That’s welcome news to Elon Musk, whose Tesla Motors is the state‘s and nation’s most popular purveyor of electric cars. “Taking away buyer credits would hurt them more than it would hurt Tesla, whose EV market share has begun to drop in the face of new competition.” The subsidy shakeup …

Musk has Trump’s ear, and that could help Tesla. Other EV makers? Maybe not so much
1 month, 1 week ago

Musk has Trump’s ear, and that could help Tesla. Other EV makers? Maybe not so much

LA Times  

President-elect Donald Trump’s full-throated support for oil and gas drilling might be expected to send a chill through the electric vehicle industry were it not for a wild card in his fledgling administration: Tesla Chief Executive Elon Musk. “If there’s a silver lining” to Trump’s victory, said Ramses Madou, chair of the Open Mobility Foundation, “it’s that Elon Musk can …

How Elon Musk got even richer after Donald Trump's election win
1 month, 1 week ago

How Elon Musk got even richer after Donald Trump's election win

ABC  

Elon Musk is the world's richest man and his new proximity to the White House is, for now, making him even wealthier and more powerful. "Mr Musk has made quite the bet by investing millions of dollars in the Trump campaign," said Matt Mittelsteadt, a research fellow at the Mercatus Centre at George Mason University. "He's really ingratiated himself with …

Trump names Elon Musk and Vivek Ramaswamy to head Department of Government Efficiency - 'Manhattan Project of our time'
1 month, 1 week ago

Trump names Elon Musk and Vivek Ramaswamy to head Department of Government Efficiency - 'Manhattan Project of our time'

Daily Mail  

President-elect Donald Trump has officially named Elon Musk to head the newly created 'Department of Government Efficiency.' Trump put out a press release Tuesday night saying that Musk will co-lead the 'Manhattan Project of our time' with former Republican presidential candidate Vivek Ramaswamy. Elon Musk has officially entered the Trump 2.0 administration, as he'll be leading the 'Department of Government …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 1 week ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk sticking close to Trump, influencing US transition: Reports
1 month, 1 week ago

Elon Musk sticking close to Trump, influencing US transition: Reports

Al Jazeera  

The Tesla CEO, Trump’s most influential campaign backer, has turned into a key power broker in presidential transition. Tech billionaire Elon Musk is diving even deeper into the world of politics after Donald Trump’s election win, cosying up to the president-elect and offering him input on key administration hires, according to US media reports. Kai Trump, Donald Trump’s granddaughter, posted …

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