DEAL NEGOTIATIONS WITH ELON MUSK
Is Elon Musk an alien? See what SpaceX CEO has said about his extraterrestrial connection or encounter with UFO
SpaceX CEO Elon Musk has claimed that he is an alien and he has said so several times, but no one believes him. He also said that none of the SpaceX missions has ever seen an alien or encountered a UFO.
Elon Musk claims 'record high' X usage
Twitter CEO, Elon Musk said that X experienced a total of "417 billion user-seconds globally" in one day. In a post on X, Musk said, "X usage hit another all-time high yesterday with 417 billion user-seconds globally! In the US, user-seconds reached 93 billion, 23% higher than the previous record of 76 billion. In a single day."
ET Explainer: Behind EU vs Elon Musk fight over blue tick
The European Union accuses Elon Musk's platform X of breaching online content regulations, including misuse of the blue checkmark and lack of transparency in advertising. Both sides engage in a war of words as potential fines and compliance orders loom.
What goes on behind closed doors at America's billionaire summer camp?
This week in Idaho's Sun Valley, the annual Allen & Company summit has gathered top business, media, and political leaders for what's known as the "summer camp for billionaires." Attendees, including tech giants and entertainment moguls, engage in off-the-record talks and outdoor activities. The summit, famed for spawning major deals, hosts discussions on AI, corporate leadership changes, and political futures. Notable absentees like Warren Buffett and Elon Musk underscore shifting dynamics among industry leaders, amidst speculation about upcoming elections.
Musk's xAI, Oracle end talks on $10 billion server deal: report
The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.
What cooked Koo's goose, a case study
Marketing becomes more complicated, as does navigating jurisdictions of countries where English isn't significantly in use. Investors may see these expenses as disadvantageous to a local-language microblogging site when there are immensely dominant mainstream forces at play. Even with the anti-X support Koo enjoyed at home, its global ambitions may have been lofty.
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Tesla’s loss, not India: Ola's Bhavesh Aggarwal reacts to India-Elon Musk deal not moving forward
Ola CEO Bhavesh Aggrawal labeled Tesla's India exit a loss for Elon Musk amid India’s growing EV sector. Rajesh Kumar Singh noted Tesla's silence post-election. Musk canceled his April India visit to meet PM Modi, opting for China.
AI deals lift US venture capital funding to $55 billion in Q2, data shows
U.S. venture capital funding surged to $55.6 billion in Q2, driven by AI investments. Emerging VC fund managers faced pressure as large firms like Andreessen Horowitz led fundraising efforts.
Tesla deliveries set to fall for second straight quarter
The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
Why will NASA pay SpaceX $843 million to plunge ISS into Pacific Ocean? Will it not burn up while making re-entry to Earth?
National Aeronautics and Space Agency has asked Elon Musk-owned company SpaceX to develop the ‘US Deorbit Vehicle’ that will lead the US sections of the ISS to its death when its time is over. But why? It could leave it to burn up while making re-entry to the Earth.
Elon Musk won $56 billion payday because of vote, Tesla argues in court
Tesla claims that Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, according to a court filing made public on Thursday. This comes despite a judge rescinding it earlier this year.
Tesla tells judge that shareholder vote should reverse Elon Musk's pay ruling
Tesla urges Delaware judge to recognize shareholders' vote supporting Elon Musk's $56B pay package, reverse voiding ruling, and reject $6B legal fee request by lawyers in lawsuit against Richard Tornetta.
Diversion ahead? For Chinese EVs, the road may fork out to India
The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, with potential consequences for both Chinese and European automakers.
Elon Musk wins back his huge Tesla payday in shareholder vote
Tesla shareholders voted to reinstate CEO Elon Musk's $44.9 billion pay package, previously rejected by a Delaware judge. The package remains tied up in court as Tesla appeals the decision.
Shareholders have okayed move: Musk
Tesla shareholders voted in favor of a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas, as announced by the CEO on social media.
NCLT directs Byju’s to maintain status quo; ETtech Done Deals
NCLT has asked Byju's to maintain status quo in its shareholding, pausing its controversial rights issue, this and more in today’s ETtech Top 5.
Elon Musk says Tesla shareholders approved his $56 billion pay package
Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, Musk said on social media platform X on Wednesday, adding that passage was by wide margins. A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan.
Engineers sue SpaceX and Elon Musk, alleging wrongful termination and sexual harassment
Eight engineers have filed a lawsuit against SpaceX and Elon Musk, alleging wrongful termination and sexual harassment. The engineers claim they were fired for raising concerns about Musk's behavior and a sexist culture at SpaceX. SpaceX has denied wrongdoing, stating the engineers were fired for violating company policies. The lawsuit highlights ongoing challenges in addressing workplace harassment and discrimination.
What will happen to Tesla CEO Elon Musk's $56 bn pay package?
Tesla shareholders are set to vote on reinstating CEO Elon Musk's $56 billion pay package, which was invalidated by a Delaware judge for being unfair to shareholders. A "yes" vote won't automatically reinstate the package but could strengthen Tesla's legal case to overturn the ruling. If the package is rejected, Tesla may still appeal the decision and negotiate a similar pay plan with Musk. Regardless of the vote outcome, Tesla faces potential legal challenges and significant costs if a new package is required.
Tesla's Elon Musk shares viral 'Coconut Water' meme to mock Apple's ChatGPT integration
Tesla CEO Elon Musk criticized Apple's integration of OpenAI's ChatGPT via a meme on X, raising data privacy concerns. The meme suggested Apple's partnership might lead to data sharing issues. Musk reiterated his stance, threatening to ban Apple devices from his companies if the integration proceeds, and questioned Apple's ability to ensure data security.
Boeing Starliner capsule's first crewed test flight postponed at last minute
Boeing's Starliner space capsule's inaugural crewed test flight faced another delay due to a technical issue, halting the countdown for at least 24 hours. The mission, carrying two astronauts to the ISS, is crucial for Boeing to compete with SpaceX in NASA's spaceflight contracts. The delay, caused by a ground system computer triggering an automatic abort command, marks another setback in Starliner's history of delays and glitches. Boeing is striving to catch up with SpaceX, NASA's primary transport to the ISS, and hopes for a successful mission to secure future contracts.
Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.
Stock gaming apps under Sebi scanner; ETtech Done Deals
The capital markets regulator is cracking down on illicit gaming apps that offer virtual trading services and fantasy games. This and more in today’s ETtech Top 5.
Tesla shareholders advised to reject Musk's $56 bln pay
Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America.
Tesla shareholders advised to reject Musk's $56 billion pay
Glass Lewis, a proxy advisory firm, has advised Tesla shareholders to reject a $56 billion pay package for CEO Elon Musk, citing reasons like its "excessive size," potential dilution of shares, and Musk's involvement in time-consuming projects, including the purchase of Twitter. The package, proposed by Tesla's board, is based on the company's market value reaching $650 billion over 10 years. Glass Lewis also criticized Tesla's proposed move to Texas, calling it risky for shareholders. Tesla has defended the package, citing Musk's role in the company's growth.
Elon Musk, Indonesian health minister, launch Starlink for health sector
Musk, the billionaire head of SpaceX and Tesla, arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health centre in the provincial capital, Denpasar.
'NASA-type' NSA: Why India's next National Security Adviser should be a space scientist
If the Government of India decides to appoint a new National Security Adviser (NSA) in June, it should consider someone outside the traditional choices of diplomats or spymasters. The role of the NSA should be more like the American model, focusing on coordination between security-related government wings. India's previous NSAs have varied in their approaches, with some acting more like deputy prime ministers. A space scientist could bring a fresh perspective, especially considering India's advancements in space technology and the strategic importance of space in defense and telecommunications.
Elon Musk's diplomacy: Woo right-wing world leaders. Then benefit
Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.
Elon Musk may be compelled to testify again in SEC's Twitter takeover probe
Elon Musk faces possible testimony in SEC's Twitter takeover investigation. Lawyers resist SEC's efforts. Probe centers on Musk's Twitter stock purchase. Previous rulings favored SEC. Dispute ongoing since Musk's 2018 tweet.
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