Ex-aide says Elon Musk had ‘handshake deal’ for Tesla buyout
1 year, 10 months ago

Ex-aide says Elon Musk had ‘handshake deal’ for Tesla buyout

Associated Press  

SAN FRANCISCO — Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Teller attributed Musk’s brusque manner to Asperger’s syndrome, a form of autism that Musk acknowledged having during a May 2021 television appearance hosting “Saturday Night Live.” Teller’s testimony came on the ninth day of a trial triggered by a class-action lawsuit filed on behalf of Tesla shareholders alleging Musk misled them with tweets in August 2018. In the last of five meetings held with Saudi fund that began in January 2017, Teller said Musk became increasingly excited as he discussed taking Tesla private with Yasir al-Rumayyan, a governor for the Saudi fund, during a July 31, 2018 meeting. As he watched the two men happily conclude their meeting, Teller said, “It was my sense they made a handshake deal to proceed” with taking Tesla private.

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History of this topic

Why Elon Musk should get every cent of his $56bn Tesla pay package
1 week 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’s wealth jumps by $170bn since election day after he backed Trump with $277m
1 week, 1 day 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 …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
1 week, 5 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 says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
1 week, 5 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 …

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
1 week, 5 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 …

Why Elon Musk should get every cent of his $56 billion pay package
2 weeks, 3 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: …

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

Musk's $55.8 bn Tesla pay deal again rejected by US judge
3 weeks 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…’
3 weeks, 1 day 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 …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
3 weeks, 1 day 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 …

What is next for Musk after judge rules against him in Tesla pay case?
3 weeks, 1 day ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk loses $56 billion pay package in latest court ruling
3 weeks, 1 day 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 …

Elon Musk's $56 billion Tesla pay rejected by US court again
3 weeks, 1 day 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 …

US judge denies request to restore Elon Musk's $56 billion Tesla pay package
3 weeks, 1 day 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’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 weeks, 2 days 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's big bet on the US election has paid off, now it's time for 'hardcore reform' of US
Trending News
1 month, 2 weeks ago

Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US

Firstpost  

Elon Musk, after heavily backing Trump’s campaign, is set to lead a new government efficiency department in a Trump administration, promising drastic spending cuts and restructuring using his aggressive business style Representational Image.discussed setting up manufacturing facilities in Vietnam and sought advice on protecting intellectual property. Reuters Elon Musk, the world’s richest man, is positioned to have sweeping powers in …

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says
1 month, 3 weeks ago

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Elon …

SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch
3 months ago

SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch

Salon  

The Securities and Exchange Commission is seeking sanctions against Elon Musk after he no-showed a planned testimony concerning his purchase of Twitter earlier this month. The SpaceX head was ordered to testify as part of an ongoing SEC investigation into his 2022 purchase of Twitter for $44 billion, probing whether Musk intentionally failed to make proper legal disclosures when buying …

SEC plans to seek sanctions against Musk for skipping testimony
3 months ago

SEC plans to seek sanctions against Musk for skipping testimony

Politico  

Musk was slated to testify on the morning of Sept. 10 at the SEC’s Los Angeles office, the agency wrote in the filing, adding that three of its own attorneys had flown in the day before. However, just hours before the testimony’s scheduled start, one of Musk’s attorneys notified the SEC that he would not be able to attend because …

Elon Musk says he won't donate $45 million a month to re-elect Donald Trump after all
5 months ago

Elon Musk says he won't donate $45 million a month to re-elect Donald Trump after all

Raw Story  

Tech billionaire Elon Musk caused a stir when he reportedly committed last week to contribute $45 million a month to America PAC, a group backing former President Donald Trump's re-election effort. I am not donating $45 million a month to Trump,” Musk said in an interview over his X platform with Jordan Peterson, the far-right Canadian psychologist and media personality. …

Elon Musk may give $45 million a month to a pro-Trump super PAC
5 months, 1 week ago

Elon Musk may give $45 million a month to a pro-Trump super PAC

Salon  

Elon Musk — who is currently the world’s richest man with a net worth of $250 billion — has claimed that he will commit about $45 million a month to a new pro-Trump super PAC, the Wall Street Journal reported, a story that the Tesla CEO appeared to confirm later in a post on X. America PAC was formed in …

Elon Musk donates 'SIZABLE' amount to PAC supporting Donald Trump
5 months, 1 week ago

Elon Musk donates 'SIZABLE' amount to PAC supporting Donald Trump

Daily Mail  

Elon Musk, who has been ramping up criticism of Joe Biden, has donated to a political group working to elect rival presidential candidate Donald Trump. In March, Trump met with Musk and other wealthy donors and caused such a fuss that Musk made a claim on social media afterward. Elon Musk, who has been ramping up criticism of Joe Biden, …

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong
6 months, 1 week ago

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong

LA Times  

Elon Musk won two big shareholder votes at Tesla on Thursday, but that may not be good for Tesla shareholders. No one who has followed the career of that famously self-effacing and modest business leader Elon Musk could have expected him to boast openly about having secured approval from Tesla shareholders for two important initiatives: moving the company’s state of …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 1 week ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote
6 months, 1 week ago

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote

News 18  

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals on Musk’s pay weren’t immediately announced, but the company said shareholders voted for Musk’s compensation plan, which initially was …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 1 week ago

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Al Jazeera  

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. The shareholders’ vote does not necessarily mean Musk will receive the pay package but could bolster Tesla’s appeal against the Delaware ruling against the deal. Under the terms of his 2018 pay deal, Musk agreed to be paid stock worth about 1 percent of Tesla’s …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
6 months, 1 week ago

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

NPR  

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote toggle caption Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals …

Elon Musk vows Tesla investors will approve his record £44bn pay deal
6 months, 1 week ago

Elon Musk vows Tesla investors will approve his record £44bn pay deal

Daily Mail  

Elon Musk declared victory last night ahead of a vote by Tesla shareholders on his record £44billion pay package. Record pay: Tesla boss Elon Musk said investors were set to approve his £44bn package Influential proxy advisers, Institutional Shareholder Services and Glass Lewis, opposed the deal and Tesla’s eighth-largest shareholder, Norway’s sovereign wealth fund, came out against the package. Dan …

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
6 months, 1 week ago

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package

Associated Press  

DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. After the votes were announced, Musk began telling shareholders about new developments in the company’s “Full Self-Driving” …

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package
6 months, 1 week ago

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package

News 18  

Tech billionaire Elon Musk on Thursday said that Tesla shareholders are voting to approve his $56 billion pay package and to move the electric vehicle maker’s legal home to Texas. The resounding endorsement by shareholders of unprecedented remuneration terms in US corporate history may alleviate worries about Musk’s tenure at Tesla, while bolstering the company’s position in challenging a court …

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’
6 months, 1 week ago

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’

Live Mint  

Bill Ackman American billionaire hedge fund manager on Thursday, June 13, extended support to Tesla CEO Elon Musk, who has sought approval for a $56 billion pay package from shareholders. Taking away @elonmusk’s compensation after he created enormous value for shareholders is theft.” He added, “And stealing from a CEO who has created spectacular value for shareholders is not a …

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
6 months, 1 week ago

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive 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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
6 months, 3 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package

Associated Press  

DETROIT — A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. ISS said in its recommendations on Tesla’s proxy voting items that Musk’s stock-based package was outsized when it was approved by shareholders in 2018, and it failed to accomplish board …

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package
6 months, 3 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package

LA Times  

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. A second shareholder advisory firm has come out against reinstating a pay package for Tesla Chief Executive Elon Musk that was voided earlier this year by a Delaware judge. ISS said in …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
7 months, 3 weeks ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
7 months, 3 weeks ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
7 months, 3 weeks ago

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla

Associated Press  

WASHINGTON — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. The case stems from messages Musk posted on Twitter in 2018 in which he claimed he had secured …

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
8 months, 1 week ago

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Associated Press  

DETROIT — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. Delaware courts, he said, “want the corporations to disclose and let the shareholders decide.” Musk may not see much legal benefit from moving Tesla’s corporate …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

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 Electric vehicle powerhouse Tesla …

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
9 months, 3 weeks ago

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

Associated Press  

— The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees. “We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because …

The Sweet Saga: Elon Musk settles things with California bakery after Tesla ditches 4000 pies order
9 months, 3 weeks ago

The Sweet Saga: Elon Musk settles things with California bakery after Tesla ditches 4000 pies order

Hindustan Times  

Days after SpaceX CEO Elon Musk vowed to “make things right” with a San Jose bakery after Tesla cancelled an order worth thousands of dollars, The Giving Pie has confirmed that the bill issue with the Silicon Valley giant has been settled. Elon Musk Musk's firm Tesla had placed an order for 4,000 mini pies worth $16,000 from a Black-owned …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
10 months, 3 weeks ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout
10 months, 3 weeks ago

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk may lose his position as the world’s richest person after a …

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed
10 months, 3 weeks ago

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed

LA Times  

Elon Musk may be learning the hard way that his streak of always having things his own way is coming to an end. If McCormick’s blockbuster 201-page order in the lawsuit brought by a Tesla shareholder survives a likely appeal to the Delaware Supreme Court, Musk would have to give up the options on nearly 304 million shares that the …

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla
10 months, 3 weeks ago

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla

India TV News  

A Delaware judge tossed out Elon Musk's record-breaking USD 56 billion Tesla TSLA.O pay package on January 30, calling the compensation granted by the EV maker's board "an unfathomable sum" which was unfair to the shareholders. Kathaleen McCormick of Delaware's Court of Chancery wrote: "Swept up by the rhetoric of 'all upside,' or perhaps starry eyed by Musk’s superstar appeal, …

Elon Musk pay package from Tesla denied by Delaware judge
10 months, 3 weeks ago

Elon Musk pay package from Tesla denied by Delaware judge

Associated Press  

— Elon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” AP AUDIO: Elon Musk cannot keep Tesla pay package worth more than $55 …

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.
1 year ago

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.

Slate  

What does Elon Musk want with Twitter? Yes, Musk had said he didn’t “care about the economics at all” and that buying Twitter was a matter of his ideological commitment to free speech. Antagonizing his old advertisers points in the exact same direction that Musk’s boring endorsement of antisemitism pointed: He is no longer interested in salvaging Twitter as a …

Bill Gates reveals the moment Elon Musk confronted him and became 'super mean' over shorting $1.5 billion worth of Tesla stock: 'A little bit of a d**k-measuring contest'
1 year, 3 months ago

Bill Gates reveals the moment Elon Musk confronted him and became 'super mean' over shorting $1.5 billion worth of Tesla stock: 'A little bit of a d**k-measuring contest'

Daily Mail  

Elon Musk and Bill Gates - who have both held the title of world's richest - got into a 'd**k-measuring contest' after the Tesla CEO confronted the Microsoft founder over shorting the electric-car company's stock last year. Elon Musk and Bill Gates got into what Musk's ex- girlfriend Grimes referred to as a 'd**k-measuring contest' after the Tesla CEO confronted …

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