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☆ Elon Musk was nowhere to be seen at Starship's first successful launch to orbit
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +3 min

Elon Musk finally achieved Starship's first successful flight to orbit early Thursday morning. Musk was seen in the launch control room at both previous launches, making his latest absence unusual. AdvertisementElon Musk was nowhere to be seen as SpaceX's Starship mega-rocket finally flew into orbit, cruised above Earth, and plummeted back through the atmosphere on Thursday. Elon Musk sat in the control room watching the first orbital launch of Starship, which exploded about four minutes after liftoff. Starship will make life multiplanetary pic.twitter.com/Ul7ksiAHBZ — Elon Musk (@elonmusk) March 14, 2024By all accounts, this successful launch was a dream come true for Musk.

Persons: Elon Musk, wasn't, Musk, —, Kimbal Musk, Elon, multiplanetary, Ul7ksiAHBZ — Elon Organizations: SpaceX, Service, X, SpaceX's South Texas launchpad, Twitter Locations: SpaceX's South Texas, New Jersey

☆ Tesla stock drops as investors scrutinize board’s close personal ties to Elon Musk
▼ + stars: | 2024-02-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Ehrenpreis is also a close friend to Kimbal Musk, Elon’s brother, who is also a Tesla board member. In another instance, the judge emphasized the role of Tesla’s general counsel Todd Maron — who was previously Musk’s divorce lawyer — in advising Tesla’s board and compensation committee. Maron was “totally beholden to Musk,” McCormick wrote in her ruling last week, adding that Maron’s admiration for Musk “moved him to tears” during both his deposition and in trial testimony. Maron’s team prepared “an aggressive timeline for approving a compensation plan,” McCormick wrote in her more than 200-page ruling. The break-neck speed of the process “reflected a reckless approach to a fiduciary process.”Robyn Denholm, the Tesla board chair, doesn’t appear to have had any personal relationship with Musk outside of her service on the board, McCormick wrote.

Persons: New York CNN — Tesla, Elon Musk’s, Judge Kathaleen McCormick, Musk, Ira Ehrenpreis, Kimbal, Ehrenpreis, Antonio Gracias, McCormick, Tesla’s, Todd Maron —, —, Maron, “, ” McCormick, Musk “, Maron’s, Robyn Denholm, Denholm, can’t, ” Tesla, Tesla, Monday’s selloff, Piper Sandler, Gordon Johnson, ” Johnson, Elon, ” Organizations: New, New York CNN, Elon, The, Gracias, Nasdaq, GLJ, CNN Locations: New York, Delaware, Spain, Kimbal’s

☆ Kimbal Musk 'felt the voice of God' twice in his life: during a near-death experience and when taking ayahuasca
▼ + stars: | 2024-01-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Kimbal Musk takes a slightly different stance on God than his older brother. While Elon Musk has said he's "not religious" and has said he's questioned whether life is a simulation and "may have no meaning," Kimbal Musk said he believes in the "soul and spirit." "I had two different lives," Kimbal Musk said. Kimbal Musk is also the cofounder of two other food-related companies, a nonprofit called Big Green, and the urban-farming startup Square Roots. Musk said he had a similar spiritual experience later on in his life when he tried ayahuasca, a plant-based psychedelic known for its hallucinogenic properties.

Persons: Kimbal, Elon Musk's, biohacker Dave Asprey, Elon Musk, he's, Kimbal Musk, Musk, Tesla, Walter Isaacson Organizations: Service, Business, Facebook, Man, Wall Street

☆ It looks like Elon Musk had son X Æ A-12 in the Starship launch control room amid custody dispute with Grimes
▼ + stars: | 2023-11-18 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk wasn't the only celebrity in the control room at SpaceX's Starship flight on Saturday. A screengrab from SpaceX's livestream on X shows Starship lifting off for its second attempt at space. The kid sure looks a lot like Elon Musk's 3-year-old son, X Æ A-12. Kimbal Musk picks up a child as Elon Musk talks with people on SpaceX's livestream of the Starship launch on X. SpaceXX Æ A-12 is one of three children Elon Musk has with Grimes, whose legal name is Claire Boucher. Elon Musk with 3-year-old son X at Tesla plant Gigafactory Texas in Austin, Texas.

Persons: —, Elon, Elon Musk, Kimbal, Kimbal Musk, Grimes, Claire Boucher, Musk, X, Gyula Bartos Organizations: Service, SpaceX, President's Press, AP Locations: Texas, California, Austin , Texas

☆ We asked Elon Musk's dad what he thought about the new book out on his son. He had a lot to say.
▼ + stars: | 2023-09-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Errol Musk told Insider he isn't happy with what he's heard about the new biography on his son. AdvertisementAdvertisementErrol Musk isn't happy with Walter Isaacson's recent biography about his son, Elon Musk. Isaacson's biography on Elon Musk is filled with accounts of incidents where the Tesla CEO and other family members claim Errol Musk bullied and demeaned Elon. In the book, Isaacson wrote that Elon Musk and his brother Kimbal Musk have cut off communication with their father — an assertion Errol Musk denies. Isaacson, Elon Musk, and Kimbal Musk did not respond to a request for comment ahead of publication.

Persons: Errol Musk, he's, Elon Musk's, —, Errol Musk isn't, Walter Isaacson's, Elon Musk, demeaned Elon, Isaacson, Errol, Vader, Elon's Luke Skywalker, Elon, Errol Musk's, Cyrus McCrimmon, doesn't, he'd, Pip, Oliver Twist, Charles Dickens, Dr, Jekyll, Hyde, it's, Stone, Jana Bezuidenhout, I'm, Kimbal, –, we'd, Joel Saget, Chris Saucedo, " Isaacson, Kimbal Musk, Bill Gates, Elon wouldn't Organizations: Service, Elon, Denver, AFP, Microsoft Locations: South Africa, Florida

☆ Elon Musk worried his father was 'uncomfortably attentive' to his stepdaughter when she was 15, biographer says. His father later had 2 kids with her.
▼ + stars: | 2023-09-18 | by ( Grace Kay | Grace Dean | ) www.businessinsider.com time to read: +6 min

Elon Musk worried about the attention Errol Musk was giving his stepdaughter when she was 15, according to a new book. Errol Musk told Insider the claims were "balderdash" and said he was equally attentive to his kids. Over a decade later, Errol Musk fathered two children with the same stepdaughter, Jana Bezuidenhout. Elon Musk invited his father to live near himIsaacson wrote in the biography that Elon Musk convinced his father to move with his then-wife and stepchildren from South Africa to Los Angeles in 2002. AdvertisementAdvertisement"I tried threats, rewards, and arguments to change my father for the better," Elon Musk told Isaacson in the book.

Persons: Elon Musk, Errol Musk, Errol, Jana Bezuidenhout, Walter Isaacson, Elon, Jana, Isaacson, Elon Musk's, Grimes, Musk, Heide Bezuidenhout, Rose, Heide, Kimbal, Kimbal Musk, Stone, Elon Musk —, —, didn't Organizations: Service, Elon, Rover, Sunday Times, Facebook Locations: Wall, Silicon, South Africa, Los Angeles, Malibu

☆ 8 major takeaways from the explosive new book about Elon Musk that lifts the lid on the world's richest person
▼ + stars: | 2023-09-17 | by ( Grace Dean | Grace Kay | ) www.businessinsider.com time to read: +2 min

Gianliuigi Guercia/Getty ImagesOne character who appears frequently throughout the book is Elon Musk's father, Errol Musk. "It turned out to be a really bad idea," Elon Musk told Isaacson. "It was mental torture," Elon Musk told Isaacson. But the years that he spent with his father have somewhat shaped Elon Musk's personality, according to the book. Ex-wife Talulah Riley also told Isaacson that Errol Musk's treatment of his son "had a profound effect on how he operates."

Persons: Elon, Elon Musk's, Gianliuigi Guercia, Errol Musk, Elon Musk, Isaacson, Kimbal Musk, Maye Musk, Kimbal, Grimes, Justine Musk, Errol, he'd, Talulah Riley, Errol Musk's, he's Organizations: Elon Locations: Pretoria

☆ Errol Musk denies berating his son after an attack at school put Elon Musk in hospital
▼ + stars: | 2023-09-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

His father, Errol Musk, disputed this account in a statement to Insider. The story was recounted in Walter Isaacson's new biography of Elon Musk, who's now the world's richest person . The Musk brothers said Errol Musk lashed out at his son. "No, I did not berate Elon," Errol Musk told Insider in an email. AdvertisementAdvertisementIsaacson wrote that Errol Musk moved Elon Musk from a public school to a private academy, Pretoria Boys High School, after the attack.

Persons: Elon Musk, Musk, Walter Isaacson's, Errol Musk, who's, Isaacson, Kimbal Musk, Elon, Stone, Kimbal, Maye, Grimes, Justine Wilson Organizations: Service, Elon, Pretoria Boys High School, Kimbal, Harper's Locations: Wall, Silicon, Pretoria

☆ Elon Musk and his siblings hated one of their mom's boyfriends so much that they put tiny firecrackers in his cigarettes that exploded, book says
▼ + stars: | 2023-09-14 | by ( Beatrice Nolan | Grace Dean | ) www.businessinsider.com time to read: +2 min

The Musk siblings hated a man Maye Musk was dating so much they put firecrackers in his cigarettes. Maye Musk dated the man after she divorced Errol Musk, Walter Isaacson wrote. Isaacson's book, "Elon Musk," details the billionaire's childhood and the strained relationship between his parents. AdvertisementAdvertisementMaye Musk and Errol Musk were married for nine years and are also parents to Kimbal Musk and Tosca Musk. AdvertisementAdvertisementMaye Musk and Errol Musk didn't immediately reply to a request for comment for this story, which was made outside of normal working hours.

Persons: Walter Isaacson's, Elon Musk, Musk, Errol Musk, Walter Isaacson, Maye, Maye Musk, Isaacson, Elon Musk's, Kimbal Musk, Tosca Musk, Grimes, He's, Claire Boucher, he'd, Errol Musk didn't Organizations: Service Locations: Wall, Silicon

☆ Elon Musk has been a sleep-deprived, workaholic since starting his first business. Those habits set the stage for a bitter RTO battle among CEOs.
▼ + stars: | 2023-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Elon Musk has been a workaholic since at least 1995. Musk's obsession with work has set a precedent for CEOs who are aggressively enforcing RTO policies. AdvertisementAdvertisementJim Ambras, an early employee at Zip2, recalled that Elon Musk had no pillow or sleeping bag. This kind of approach to work has stayed with Elon Musk throughout his career. AdvertisementAdvertisementMany of Elon Musk's and other CEOs' employees excel in their roles but have little interest in pursuing a workaholic, "hardcore" lifestyle.

Persons: Elon Musk, Kimbal, Walter Isaacson, Zip2, Elon Musk's, Isaacson, Jim Ambras, Mohr, Goldman Sachs, David Solomon Organizations: Service, YMCA, Elon, Mohr Davidow Ventures, Twitter, Wall Street Locations: Wall, Silicon, Palo Alto, Zip2

☆ 8 CEO lessons Elon Musk tried to teach his bother Kimbal, based on a mobile game Musk was obsessed with
▼ + stars: | 2023-09-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Here are the eight CEO lessons that Elon handed down to his brother through the game, per Isaacson's conversations with Elon, Kimbal, Grimes, and Zilis. When you get used to losing, you will play each game with less emotion," Elon told Isaacson. If we let a few of them slide, we will never get to Mars," Elon told Isaacson. Elon told Isaacson, "I had to take Polytopia off my phone because it was taking up too many brain cycles. Elon Musk and Kimbal Musk did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Musk, Grimes, Kimbal, Elon Musk, —, Douglas Adams, Walter Isaacson's, Isaacson's, Grimes —, Elon, Shivon, Isaacson, Polytopia, Zilis, he's, you'll, Unplug Organizations: Service, Google Locations: Polytopia, Wall, Silicon, Tesla's, Kimbal

☆ Elon Musk whispered to his first wife, Justine, that he was 'the alpha in this relationship' during their first dance
▼ + stars: | 2023-09-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

During Elon Musk's first dance with Justine Musk, he told her he was the "alpha" in the relationship. Justine Musk was his first wife and the mother of five of Elon Musk's surviving children. "I am the alpha in this relationship," Elon Musk whispered to author Justine Musk, his first wife, as they danced following their ceremony on the Caribbean island of Saint Martin, Walter Isaacson wrote in "Elon Musk," his new biography of the tech mogul. Elon Musk met Justine Musk when he was a sophomore and she a freshman at Queen's University in Kingston, Ontario. AdvertisementAdvertisementShe told Isaacson that Elon Musk told her to dye her hair blonder and that she felt like she was being turned into a "trophy wife."

Persons: Elon Musk's, Justine Musk, Elon Musk, Saint Martin, Walter Isaacson, Isaacson, Elon, Jeff Bezos, that's, Justine, Kimbal Musk, Navaid Farooq, Maye, Griffin, Xavier, Kai, Damian, Talulah Riley Organizations: Service, Queen's University, University of Pennsylvania, PayPal, Bel Air Locations: Wall, Silicon, Saint, Kingston , Ontario, Queen's, New York City, Palo Alto, Nevada, Bel

☆ When working together at Zip2, Elon Musk had to go to the ER for stitches and a tetanus shot after his brother, Kimbal, once tore off a hunk of flesh from his hand
▼ + stars: | 2023-09-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Kimbal Musk bit Elon Musk and "tore off a hunk of flesh" off his hand during a fight in the 1990s. Elon Musk had to go to the emergency room for stitches and a tetanus jab. Kimbal Musk bit his brother because he thought Elon Musk was about to punch him in the face, the book said. "When we had intense stress, we just didn't notice anyone else," Kimbal Musk told Isaacson. Kimbal Musk, just over a year younger than Elon Musk, also moved in with Errol around four years later.

Persons: Kimbal, Elon, Elon Musk, Walter Isaacson's, Elon Musk's, Walter Isaacson, Isaacson, Zip2, Kimbal Musk, Navaid Farooq, Tosca, Maye, Errol Musk, Errol, —, Peter Rive, he'd Organizations: Service, Kimbal Locations: Wall, Silicon, Zip2, Palo Alto, Durban, Pretoria, South Africa

☆ Musk's college friend quit working with him at Zip2 after only 6 weeks: 'I knew I could either be working with him or be his friend, but not both'
▼ + stars: | 2023-09-11 | by ( Polly Thompson | Grace Dean | ) www.businessinsider.com time to read: +4 min

Farooq came to work for Musk at his first company, Zip2, but quit just six weeks into the job. Farooq told biographer Walter Isaacson that he soon "found himself in fights with Musk." In 1995, Musk was in the midst of getting his first company, Zip2, off the ground with his brother, Kimbal. "We completely entered a zone for hours until we were exhausted," Farooq told Isaacson. But working under the notoriously intense Musk was too much for Farooq and he lasted just six weeks at Zip2 before quitting.

Persons: Navaid Farooq, Elon Musk's, Farooq, Musk, Walter Isaacson, Kimbal, Elon Musk Farooq, Walter Isaacson's, Isaacson, Elon Musk, Bauer, Griffin, FilmMagic, Lyndon, Peter Rive, Tesla, Peter Thiel, Thiel Organizations: Queen's University, Canada, Service, YMCA, Zip2, PayPal, SpaceX Locations: Wall, Silicon, Canada, Ontario

☆ Elon Musk's former lieutenant who once slept on the floor in Twitter's office attended this year's Burning Man — and says it was 'totally bonkers' trying to get out
▼ + stars: | 2023-09-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Esther Crawford said she had a "totally bonkers exit" from mud that stranded many at Burning Man. The ex-Twitter director said despite the rain the event was "exactly what I needed." Crawford went viral last year for sleeping at Twitter's headquarters amid Elon Musk's takeover. Organizers at Burning Man began letting attendees leave the site on Monday afternoon after it told festivalgoers to shelter in place and conserve resources following flooding in the desert. Crawford said on Instagram that she attends the event every year because its "full of extremes" that forge deep relationships.

Persons: Esther Crawford, Crawford, Elon Musk's, Mark Zuckerberg, Sergey Brin, Kimbal Organizations: Elon, Service, Twitter, Man, Black Rock City Locations: Wall, Silicon, Black Rock

☆ Sergey Brin and Elon Musk's brother, Kimbal, spotted at Burning Man as attendees struggled to deal with swampy, chaotic conditions
▼ + stars: | 2023-09-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man. Two of the biggest tech camps have been severely flooded, attendees told WSJ. Another tech founder said they abandoned their luggage and waded through ankle-deep mud. AdvertisementAdvertisementElon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man as attendees continue to battle chaotic conditions. Another tech founder said she had to ditch her luggage and wade through ankle-deep mud.

Persons: Elon Musk's, Kimbal, Sergey Brin, Brock Pierce, Elon Musk, Mark Zuckerberg, Elizabeth Holmes, Google cofounders Brin, Larry Page, Eric Schmidt, Brin Organizations: Wall Street, Rock City, Meta, Google, Musk Locations: Rock

☆ Elon Musk says his daughter who ditched his last name 'doesn't want to spend time with me'
▼ + stars: | 2023-09-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk was "pained" by the fallout with his eldest daughter, his biographer wrote in a new book. Musk told Walter Isaacson that his daughter "doesn't want to spend time with me." Musk's daughter legally changed her name in 2022 and said she didn't want to be associated with him. AdvertisementAdvertisement"She went beyond socialism to being a full communist and thinking that anyone rich is evil," Isaacson said Musk told him. The biographer said Musk told him he'd "made many overtures," but "she doesn't want to spend time with me."

Persons: Elon Musk, Musk, Walter Isaacson, doesn't, Elon, Walter Isaacson . Isaacson, Vivian Jenna Wilson, Jenna, Isaacson, Elon's, Nevada, Justine Wilson, Ashlee Vance, didn't, Tesla, he'd, transphobic, Musk's, Grimes, Wired, Kimbal, Christiana Musk Organizations: Morning, New York Times, Financial, Reuters, Twitter, Pride, Wired Locations: Los Angeles

☆ Elon Musk's brother's 'smart farm' startup is shutting down most of its locations and gutting its workforce
▼ + stars: | 2023-07-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Square Roots told staff it was closing most of its locations and cutting jobs, two former staff said. Square Roots told local news it plans to reconfigure some locations and may eventually re-open them. Elon Musk's brother, Kimbal, cofounded Square Roots alongside CEO Tobias Peggs in 2016. "It was just a normal day," the former Grand Rapids employee said of the latest layoffs and farm closures announced Tuesday. "It was quite abrupt and has been very devastating to this wonderful team of people," the former Grand Rapids employee said.

Persons: Elon Musk's, Elon Musk, David Sack's, Tobias Peggs, Kimbal Musk, WDRB, couldn't, Kimbal, Bauer, Griffin, Slack, Peggs, Getty, DON EMMERT, that's, we've Organizations: Roots, Morning, Gordon Food Service, David Sack's Craft Ventures, Kenosha News, Grand, Axelle, Grand Rapids, Gordon Food Services, Employees Locations: Grand Rapids, Pitchbook, Springfield , Ohio, Shepherdsville , Kentucky, Kenosha , Wisconsin, Wisconsin, Brooklyn, Kenosha, New York, Michigan

☆ Tesla's board of directors will return $735 million on claims they were overpaid
▼ + stars: | 2023-07-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Tesla directors are returning $735 million to the company to settle a suit that claims they were overpaid. That includes $458.6 million in company shares and $276.6 million in cash, per court filings. That totals to around $735 million, consisting of $458.6 million in company shares and $276.6 million in cash. The $735 million settlement stems from a 2020 lawsuit, wherein Detroit's Police and Fire Retirement System accused Tesla's board members of overpaying themselves in the form of stock options from 2017 to 2020. Tesla directors denied those claims, arguing that the company saw rapid growth sent the stock soaring.

Persons: Elon Musk, Larry Ellison, Rupert Murdoch's, James Murdoch, Elon Musk's, Kimbal Musk –, Tesla's, Tesla Organizations: Elon, Service, Oracle, Delaware Chancery, Reuters, Detroit's Police Locations: Wall, Silicon, Delaware

☆ A Tesla board member once locked Elon Musk's phone in a safe to keep him off Twitter. The billionaire forced hotel security to open it, biographer says.
▼ + stars: | 2023-07-06 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +4 min

Antonio Gracias once locked Elon Musk's phone in a hotel safe, biographer Walter Isaacson said. The move by the Tesla board member was meant to stop Musk from tweeting late into the night. Musk got hotel security to unlock the safe around 3 a.m., Isaacson said. Tesla board member and close Musk confidant Antonio Gracias once took Musk's phone away to prevent him from tweeting late into the night, Isaacson said during a Twitter Spaces event on Wednesday. Musk later got hotel security to open the safe at around 3 a.m. so he could start tweeting again, Isaacson said.

Persons: Antonio Gracias, Elon, Walter Isaacson, Tesla, Musk, Isaacson, Elon Musk's, aren't, Antonio, Elon couldn't, tweeting, " Isaacson, Twitter, —, Kimbal Musk, Gracias, Ron Baron, Baron, Tim Cook, Jeff Bezos Organizations: Morning, Twitter, Securities and Exchange Commission, Amazon Locations: British

☆ Fireworks Have a New Competitor: Drones
▼ + stars: | 2023-07-01 | by ( Lauren Hirsch | Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

Like many in the fireworks industry, Stephen Vitale is in the family business. In October, he struck a surprising alliance with Nova Sky Stories, the drone company that Kimbal Musk acquired from Intel. Increasingly, drones are lighting up skybound entertainment shows. Drone shows are in some ways the newer, hipper brand of fireworks. Fireworks providers like Vitale face a tough decision: Invest in the expensive equipment and regulatory clearance required to get into the drone business, or believe that demand for fireworks will remain steady even as a new type of competition skyrockets.

Persons: Stephen Vitale, Kimbal Musk, King Charles III, Vitale Organizations: Nova Sky, Kimbal, Intel, Allied Market Research, Invest Locations: New, Pa

☆ Elon Musk's sister says she has been overcharged because she shares a last name with the world's richest man
▼ + stars: | 2023-06-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Tosca Musk told the Daily Mail she was given an inflated price for a film location because of her last name. Elon Musk's sister says she's been overcharged because she shares a surname with the world's richest man. Tosca Musk told the Daily Mail the family weren't "born rich". From left to right: Tosca Musk, Kimbal Musk, their mother Maye Musk, and Elon Musk Courtesy of Maye MuskTosca Musk is a filmmaker and the CEO and founder of Passionflix, a streaming service and production company for romantic movies. Representatives for Tosca Musk did not immediately respond to Insider's request for comment, made outside normal working hours.

Persons: Elon Musk's, Tosca Musk, she's, Kimbal Musk, Tosca, Maye Musk, Elon Musk, Bernard Arnault, Jeff Bezos Organizations: Daily Mail, Elon, SpaceX, Tesla, Amazon, Bloomberg

☆ ISS recommends Tesla investors vote against re-election of board chair
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowSAN FRANCISCO, May 3 (Reuters) - Proxy advisory firm ISS on Wednesday recommended Tesla investors vote against the re-election of board chair Robyn Denholm, citing concerns about a lack of scrutiny of the pledging of some company stocks by CEO Elon Musk and his brother Kimbal Musk. Tesla shares are down about 60% from their record high reached in November 2021. The shares pledged by Elon Musk accounted for 58% of his Tesla ownership, ISS said. ISS recommended votes for Musk and co-founder JB Straubel as board members. Proxy advisory firm Glass Lewis last month recommended Tesla shareholders vote against Straubel, citing worries about his independence because he served as chief technology officer at Tesla until 2019.

☆ ISS recommends Tesla investors vote against re-election of Robyn Denholm
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: 1 min

Companies Tesla Inc FollowSAN FRANCISCO, May 3 (Reuters) - Proxy advisory firm ISS on Wednesday recommended Tesla investors vote against re-election of board chair Robyn Denholm, citing concerns about a lack of the board's oversight over the pledging of some company stocks by CEO Elon Musk and his brother Kimbal Musk. "Pledging does inherently pose risks to ordinary shareholders, and the likelihood of a forced sale of pledged shares increases at a time when the share price (and therefore the value of the collateral) is already declining," ISS said in a report. "The aggregate value of the pledged position, as well as the likelihood of further increases, raise significant concerns," it said. Musk did not immediately respond to Reuters' request for comment. Reporting by Hyunjoo Jin; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft, Kimbal Musk, NBA's Russell Westbrook invest in Brooklyn-based climate tech company BlocPower
▼ + stars: | 2023-03-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

The round, which includes more than $24 million in Series B funding, was led by VoLo Earth Ventures. Microsoft Climate Innovation Fund, Credit Suisse, New York State Ventures, Kimbal and Christina Musk, and NBA player Russell Westbrook also were part of this equity round. The company also raised $130 million of debt financing led by Goldman Sachs, bringing BlocPower's total capital raised to-date to more than $250 million. BlocPower, a two-time CNBC Disruptor 50 company, has focused on improving the energy consumption and efficiency issues that many of the old buildings in the U.S. face. Since its founding in 2014, BlocPower says it has completed energy projects in more than 5,000 households, commercial buildings and houses of worship.

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