Tesla Financial News

OpenAI CEO Sam Altman is locked in a legal dispute with rival Elon Musk

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

Subscribe to enjoy similar stories. 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 ruling presents a dilemma for Tesla’s board of directors, who had warned that Musk’s pay package as CEO is vital to keep the serial entrepreneur’s attention on the carmaker at a time when electric-vehicle sales are under pressure.

Elon Musk will obviously be at the top of the list, owing to his multiple ventures, including X, SpaceX, Tesla, xAI and more. Now, he has received permission to open doors of his own kind of a pre-kindergarten Montessori school in Texas, whose initial permit has now been processed.

Tesla CEO Elon Musk wrote on X after a judge ruled on Monday that Musk is not entitled to receive a $56 billion compensation package. The ruling came despite shareholders of the electric vehicle company voting in June to reinstate Musk's pay package which was thrown out by the same judge in January. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. How was Musk's compensation structured?

She denied a request by Musk and Tesla’s directors to vacate her earlier ruling.

Elon Musk recently shared details about his conversation with Barron Trump during Thanksgiving celebrations at Mar-a-Lago. The event, hosted by U.S. President-elect Donald Trump at his Florida residence, featured a grand Thanksgiving dinner attended by family members and prominent guests, including Tesla and SpaceX CEO Elon Musk and his mother, Maye Musk. Videos from the gathering went viral, showing the Musks seated at the same table as Mr. Trump, his wife Melania, and their youngest son, Barron. The clips sparked widespread curiosity about the topics discussed among the VIP guests. In response to a lighthearted post on X (formerly Twitter), where a user jokingly imagined a conversation between Mr. Trump and Barron, Musk revealed he had been discussing «consciousness and video games» with the president-elect's son. Maye Musk joined the thread, praising Barron as «very smart» and noting that he and Elon had spoken throughout the evening.

Tesla CEO Elon Musk celebrated Thanksgiving with US President- elect Donald Trump and his family at Mar-a-Lago in Florida while highlighting their close relationship since Donald Trump's US Presidential election victory. According to Business Insider, the event included notable guests like Sylvester Stallone and Elon Musk's mother, Maye. Business Insider reported that videos from the dinner show Elon Musk and Donald Trump dancing to the classic song ‘YMCA’ with Donald Trump playfully engaging Elon Musk and encouraging his son Barron Trump to join in the fun. Elon Musk also later shared on social media that he discussed Sylvester Stallone's film Demolition Man with the actor during the festivities.

Mercedes-Benz is betting on China's Momenta to help it win back market share in the world's biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup's software, three sources with knowledge of the matter said. The plans, which have not been previously reported, will make autonomous-driving developer Momenta the first Chinese supplier picked by Mercedes to be a primary provider of a key technology and selling point for its products, as intense competition and technological innovation in China force Western automakers to rethink their supply-chain strategies. The German premium automaker has since 2017 had an investment in Momenta but the two companies have yet to publicly announce jointly developed products.

Subscribe to enjoy similar stories. The White House is racing to lock down President Biden’s dearest policy goals, distributing billions of dollars to safeguard favored projects before President-elect Donald Trump takes office in January. With less than two months left in his term, Biden plans to pursue a laundry list of items including funding weapons for Ukraine, pressing for stability in Gaza and winning confirmation of roughly a dozen federal judges.

Subscribe to enjoy similar stories. Electric-vehicle startups were struggling before the election. Donald Trump’s victory could send them into a tailspin.

Subscribe to enjoy similar stories. Elon Musk’s influence over federal spending will flow through a White House budget office that helps develop regulations that affect his business empire. President-elect Donald Trump has asked Musk, chief executive officer of Tesla and SpaceX, and Vivek Ramaswamy, the biotech entrepreneur who ran for president, to open a Department of Government Efficiency that will suggest ways to cut spending.

Pony AI rose about 15% in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms. The company's depositary shares opened at $15 in their Nasdaq debut, compared with the IPO price of $13. The IPO comes after nearly two years of uncertainty following Didi Global's delisting amid regulatory backlash in China, with Beijing easing tensions by resolving a long-standing audit dispute with the US accounting watchdog in December 2022.

Three people were killed and one seriously injured when a Tesla Cybertruck crashed and caught fire in Northern California

Electric vehicles make people nervous

Subscribe to enjoy similar stories. Elon Musk spent the past year building his artificial intelligence startup xAI at breakneck speed. Now he has to turn it into a real business.

Elon Musk's mother, Maye Musk, recently shared insights into the unique dynamic between her son and President-elect Donald Trump. In an appearance on Fox Business' Varney & Co., she discussed the close bond they share, revealing some surprising details about their interactions and their shared vision for America’s future.

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

Spear Invest founder and Chief Investment Officer Ivana Delevska discusses the value of A.I. data centers and the future of driverless cars on 'Making Money.'