Norway’s $2 trillion sovereign wealth fund, the world’s largest, has announced that it will vote against Elon Musk’s record-breaking $1 trillion compensation package at Tesla’s upcoming shareholder meeting, challenging the company’s leadership and Musk’s influence. The fund, officially managed by Norges Bank Investment Management (NBIM) and a major Tesla shareholder, revealed on Tuesday that it […]
Just ahead of Tesla’s quarterly earnings release, a powerful coalition of labor unions and corporate accountability groups has launched a campaign challenging Elon Musk’s record-breaking $1 trillion compensation package. The initiative, called “Take Back Tesla,” is led by organizations including the American Federation of Teachers and Public Citizen. The campaign’s newly launched website urges Tesla […]
Tesla is ramping up its artificial intelligence ambitions with a powerful new chip — the AI5 — that will be produced at Samsung’s Texas facility and TSMC’s Arizona foundry, according to CEO Elon Musk. During the company’s Q3 earnings call, Musk revealed that Tesla aims for “excess production” of the AI5 chip, ensuring enough supply […]
1. Tesla Hits a Speed Bump All eyes were on Tesla yesterday as it kicked off the new earnings season among the “Magnificent Seven” tech giants. Despite a slight recovery in revenue after two declining quarters, earnings per share fell short of market expectations due to rising capital expenditures. During the company’s earnings call, Elon […]
President Donald Trump is set to host an exclusive gathering of two dozen top tech and business leaders on Thursday evening in the newly renovated White House Rose Garden. Among the high-profile invitees are Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft co-founder Bill Gates, and OpenAI’s Sam Altman, according to a White House […]
Tesla is pushing back against a $242.5 million jury verdict in a wrongful death and product liability case, asking a Florida court to either overturn the decision or grant a new trial. The case stems from a 2019 fatal accident in Key Largo, Florida, where George McGee crashed his Tesla Model S while using the […]
Elon Musk’s AI company, xAI, has filed a lawsuit against Apple and OpenAI, accusing the two tech giants of engaging in an anticompetitive partnership that unfairly harms emerging artificial intelligence players. The case, filed in the U.S. District Court for the Northern District of Texas, claims that Apple has been suppressing competitors like xAI’s chatbot […]
Today SpaceX stands as a $400 billion giant, central to U.S. space operations — but its journey to dominance was far from smooth. Founded in 2002 by Elon Musk with funds from the sale of PayPal, the company set out to disrupt an industry long controlled by legacy players. Its first rocket, Falcon 1, was […]
Elon Musk’s SpaceX-run satellite internet service, Starlink, experienced another brief outage on Monday, with thousands of users reporting disruptions on Downdetector. This marks the second service interruption in just two weeks. During the July 24 blackout, SpaceX’s Starlink engineering team attributed the issue to a breakdown in critical internal software that supports the core network. […]
Elon Musk has warned of taking immediate legal steps against Apple, accusing the tech giant of antitrust violations in how it ranks AI chatbot apps on its App Store. Musk claims Apple’s practices make it “impossible” for any AI company other than OpenAI to secure the top position. He criticized Apple for excluding his social […]