WASHINGTON (AP) — NASA has awarded SpaceX an $843 million contract to build the vehicle that will bring the International Space Station out of its longtime orbit of Earth when its operating lifespan ends in a few more years. SpaceX, a privately held company controlled by technology mogul Elon Musk, will build the vehicle that […]
By Joey Roulette WASHINGTON (Reuters) -NASA awarded SpaceX $843 million to build a vehicle capable of pushing the International Space Station into Earth’s atmosphere for its planned destruction around 2030, it said on Wednesday, a task originally meant for Russia’s thrusters. Under its new NASA contract, SpaceX will build what the space agency called the […]
(Reuters) – The chief executive of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month Yaccarino fired her right-hand man and head of business operations and communications, Joe Benarroch, […]
Investing.com – Dell Technologies Inc (NYSE:DELL), led by CEO Michael Dell, has announced a partnership with NVIDIA Corporation (NASDAQ:NVDA) to construct an AI Factory designed to boost the capabilities of Grok, an AI model developed by Elon Musk’s company, xAI. We’re building a Dell AI factory with @nvidia to power @grok for @xai @elonmusk — […]
Elon Musk.Apu Gomes via Getty Images Tesla investors voted on Thursday to approve Elon Musk’s multibillion-dollar pay package. However, some institutional shareholders told BI that Musk’s award was a mistake. One investor questioned if Musk is the right person to continue leading Tesla. Some institutional Tesla shareholders told Business Insider that approving Elon Musk‘s record-shattering […]
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk’s record compensation, telling a Delaware judge that it “significantly impacts” her ruling voiding the pay, according to a letter made public on Monday. Tesla wrote to Chancellor Kathaleen McCormick that the parties in the […]
After overtaking their U.S. competitors in sales for the first time, Chinese carmakers are one step closer to fulfilling Tesla CEO Elon Musk’s prophecy that one day they would “demolish” most other car companies. Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report […]
By Ross Kerber (Reuters) – Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday. In a note seen by Reuters, Vanguard said it had voted against Musk’s compensation package when it was […]
Tesla (TSLA) stock slipped slightly on Friday after shareholders reapproved Elon Musk’s record-breaking pay pact, removing a big overhang on the stock as investors blessed the controversial compensation plan. Tesla shares surged the day before as Musk all but said passage of the pay plan was a fait accompli. Nonetheless, with 72% of votes cast […]
By Ross Kerber (Reuters) – Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday. In a note seen by Reuters, Vanguard said it had voted against Musk’s compensation package when it was […]
Tesla shareholders have voted to restore chief executive Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced at Tesla’s annual stockholders’ meeting on Thursday, but the company said they voted for Mr Musk’s compensation plan, which initially was approved by […]
(Reuters) -Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth. The approval of the largest CEO package in U.S. corporate history underscores the sport Musk has from the company’s […]