DIRS.INFO The most relevant business & tech news

☆ Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
▼ + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Tesla's board urged shareholders in a video to vote for CEO Elon Musk's $47 billion pay package. AdvertisementTesla's board made yet another push to get CEO Elon Musk his $47 billion pay package — this time on-camera. But Musk's billions in extra pay were thrown out after a Tesla shareholder filed a lawsuit arguing the payout was excessive. The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company." Related storiesShe noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.

Persons: Elon Musk's, —, Elon Musk, Robyn Denholm, it's, Denholm, Tesla, “, ”, AmfRYo28ah — Sawyer Merritt, Musk, Forbes Organizations: carmaker, Service, Securities and Exchange Commission, Business Locations: Delaware

☆ Tesla will ask shareholders to vote again on Elon Musk's mammoth $47 billion pay package months after it was voided in court
▼ + stars: | 2024-04-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Elon Musk's mega pay packet will be taken back to Tesla shareholders for another vote. The $47 billion package, first approved in 2018, was voided by a Delaware court in January. A statement filed with the SEC Wednesday says Musk hasn't been paid for his work at Tesla in six years. AdvertisementTesla will ask shareholders to vote again on Elon Musk's enormous pay package, which was previously overturned by a court. The carmaker announced its plans for another vote in a proxy statement filed with the Securities and Exchange Commission on Wednesday.

Persons: Elon, hasn't, —, Tesla Organizations: SEC Wednesday, Service, Elon, carmaker, Securities and Exchange Commission, Delaware Court, Business Locations: Delaware

☆ Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
▼ + stars: | 2024-04-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that the company sent out some severance packages that were too low to a number of laid-off workers this week. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware chancery court judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board's compensation committee wasn't independent, among other factors. Tesla shares have dropped about 37% this year as of Wednesday, closing at $155.45. WATCH: This is a 'fork in the road' period for Musk and Tesla

Persons: Elon Musk, Porte, Musk, Tesla, Kathaleen McCormick Organizations: Twitter, Viva Technology, Porte de, Reuters Locations: Paris, France, Delaware

☆ CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong
▼ + stars: | 2024-04-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Gary Marcus, the founder and CEO of Geometric Intelligence, a machine learning AI startup acquired by Uber in 2016, doesn't agree with Musk's AI predictions. AdvertisementDear @elonmusk,$1 million says your latest prediction – that AI will be smarter than any individual human by the end of 2025 – is wrong. "We should want the world to find better, more trustworthy ways to build AI," Marcus said. "I was actually quite supportive of Musk," Marcus said. Marcus told BI he believes AI could help humanity, but he's much less optimistic about AI being trustworthy in the near future.

Persons: —, Elon, Musk, Nicolai Tangen, he's, Gary Marcus, doesn't, Gary P.S, @GaryMarcus, Damion Hankejh, Hankejh, Marcus, Musk hasn't, it's, hasn't, Musk's, AGI, they're, He's, there's, OpenAi Organizations: Service, Norges Bank, Business, Geometric Intelligence, Uber, Investor

☆ Congressman presses Elon Musk to provide SpaceX satellite services for US defense forces in Taiwan, report says
▼ + stars: | 2024-02-25 | by ( John L. Dorman | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.

Persons: Elon Musk, Forbes, —, Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong

Grimes alleged Elon Musk spent less than half his time in 2023 in Texas, in recent legal filings. Musk still spends two to three days a week in California, Grimes alleged. AdvertisementElon Musk — who moved Tesla's headquarters from California to Texas in 2021— has been spending less than half his time in the Lone Star State, Grimes alleged in recent legal documents. Musk quietly sued Grimes in Texas court in September to establish a "parent-child" relationship with the kids. While Grimes has said the child was with Musk in Texas over her objection, the details around the arrangement, and how she responded, are unclear.

Persons: Grimes, Elon Musk, Musk, —, Elon, Claire Boucher, X, Christopher Melcher, Walzer Melcher, Tesla, Peter Walzer Organizations: Service, Lone Star State, Tau, Business, Musk, Street Journal, Montessori, Twitter, SpaceX Locations: Texas, California, Austin , Texas, Austin, Hawthorne , California, Brownsville , Texas, Bay Area . Texas, Starbase, SpaceX's, Boca Chica , Texas, Snailbrook, Boring, Bastrop , Texas, State, San Francisco, Palo Alto

☆ Elon Musk appears to have given up on trying to camouflage his private-jet travels with an FAA program used by Jeff Bezos and Taylor Swift
▼ + stars: | 2023-10-28 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +6 min

Last year, Elon Musk stopped using an FAA program allowing jet owners to fly incognito, JetSpy said. REUTERS/Aly SongThe FAA launched the PIA program in 2019 and has issued 390 alternate ID codes since the program began, an FAA spokesperson told Insider. Musk used his first alternate ID through the PIA program about a month later. The incognito registration number also doesn't prevent Sweeney from tracking the private jet via ADS-B Exchange, a public flight-tracking database. AdvertisementAdvertisement"The PIA program limits the ability to identify an aircraft in real-time using inexpensive, commercially available receivers," an FAA spokesperson told Insider.

Persons: Elon Musk, JetSpy, Musk, —, hasn't, Jack Sweeney, Sweeney, he's, LADD, it's, Elon, Aly Song, Forbes, Jeff Bezos, Taylor Swift, Christian Renneissen, Collins Organizations: FAA, Service, Twitter, Federal Aviation Administration, PIA, University of Central Florida, Gulfstream, Elon Locations: California, Texas, SpaceX's, Brownsville, Hawthorne, Shanghai, Rome

☆ Tesla's long-promised $25,000 car could look as futuristic as the Cybertruck, Elon Musk's biographer says
▼ + stars: | 2023-09-08 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Tesla CEO Elon Musk hasn't always prioritized the $25,000 electric car he's promised. Musk has long been more interested in a robotaxi, Musk's biographer Walter Isaacson told Axios. Tesla executives have convinced Musk to do both. In a design review session earlier this year, mockups of both the robotaxi and the $25,000 EV had a futuristic design not unlike the long-awaited Cybertruck. Back-and-forth promisesBut Musk has a complicated history regarding his promises about building a $25,000 EV.

Persons: Elon Musk, Musk, Walter Isaacson, Axios, Musk's, Tesla, he'd, EVs, Kelley, Lucid Organizations: Service, EV, Volkswagen Locations: Wall, Silicon, Mexico

☆ Billionaire CEOs said working from home made them happier. Some now want to fire workers who don't show up to the office.
▼ + stars: | 2023-08-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +14 min

AdvertisementAdvertisementThe Meta CEO told staff they could expect him to spend half of the next year working remotely. True to his word, in his first week Musk banned remote work in a 2:30 a.m email to Twitter staff. Still: Unlike some of the other wealthy CEOs on this list, Eric Yuan has always been a little skeptical of permanent remote work. Roy RochlinSalesforce CEO Marc Benioff was initially outspoken in his support for remote working. Joining the growing list of CEOs that say remote work is not conducive to productivity, Salesforce revised its work-from-anywhere strategy.

Persons: Mark Zuckerberg, Goldman Sachs, Prithwiraj Choudhury, Zuckerberg, Meta, I've, Erin Scott, Skip, Insider's Kali Hays, Hugh Langley, Evan Spiegel, Miranda Kerr, Pierre Mouton, Stringer, Spiegel, I'm, ERIC PIERMONT, Kali Hays, Jack Dorsey, PRAKASH SINGH, lockdowns, Dorsey, Elon Musk, Musk, Zoe Schiffer, hasn't, Eric Yuan, Kena, Zoom, Kelly Steckelberg, Yuan, Marc Benioff, Roy Rochlin, Salesforce, Benioff, Justin Sullivan, Kara Swisher Organizations: Service, Meta, Harvard Business School, Wall Street, Staff, CNBC, Getty, Twitter, San, New, Elon, San Francisco, Bloomberg, Zoom, Workers, MarketWatch, Smith, Yahoo Finance, Insider Locations: Wall, Silicon, San Francisco, Singapore, Silicon Valley , California

☆ Tesla's Supercharger Cables Are Too Short for Some Other Electric Cars
▼ + stars: | 2023-08-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Tesla began to open some of its exclusive Supercharging stations to other electric vehicles earlier this year. But the cords are designed for Teslas, meaning that owners of some other cars need to use two spaces to plug in. There's just one kink that Elon Musk hasn't ironed out: The charging cables, which were designed for Teslas, aren't long enough to comfortably accommodate some other cars. That poses a problem when other electric cars, which may have their charging ports elsewhere, try to charge up. Tesla owners sometimes experience long lines at charging stations, particularly during popular travel times.

Persons: Tesla, There's, Elon, Marques Brownlee, Electrek, Dave Conner, Conner, Tom Moloughney Organizations: Morning, EV, YouTube, Ford, Hyundai Locations: New York

☆ Mark Zuckerberg says he's ready to fight Elon Musk 'today,' but the X CEO hasn't confirmed a fight date: 'Not holding my breath.'
▼ + stars: | 2023-08-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg and Elon Musk have been talking about a cage fight with each other since June. Mark Zuckerberg said he's prepared to fight Elon Musk and is just waiting for a response from his opponent. Not holding my breath," Zuckerberg wrote. Zuck v Musk fight will be live-streamed on 𝕏. — Elon Musk (@elonmusk) August 6, 2023"Shouldn't we use a more reliable platform that can actually raise money for charity?"

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Musk, he's, hite Organizations: Twitter, FC Locations: lon, usk

☆ Elon Musk Hasn't Killed Twitter, He's Just Made It Irrelevant
▼ + stars: | 2023-07-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.

Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, —, Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York

☆ Elon Musk says you can be your true self on Twitter after Mark Zuckerberg calls for kindness on Threads
▼ + stars: | 2023-07-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk has told users that Twitter is a place where they can stay true to themselves. The platform has been facing increasing pressure from Meta's hot new app, Threads. In contrast, Zuckerberg has been emphasizing Threads as a "friendly" alternative to Twitter. Elon Musk wants you to know you can be your true self on Twitter as the early success of Threads heaps pressure on the CEO. Five days after the app launched, Threads passed the 100-million user mark, according to estimates from data-tracking platform Quiver Quantitative.

Persons: Elon Musk, Zuckerberg, Musk, Mark Zuckerberg, Instagram Organizations: Twitter

☆ The company behind the missing submersible thanked Elon Musk's company Starlink prior to the disastrous expedition. He hasn't said a word about the mission on Twitter.
▼ + stars: | 2023-06-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

OceanGate Expeditions said that it uses Elon Musk's Starlink for its internet. It is unknown if Starlink played any role in the Titan's disappearance or loss of communications. the official OceanGate Expeditions Twitter wrote. The official Starlink Twitter account later liked the tweet. It is also unclear if SpaceX, the company behind Starlink, and OceanGate, have any financial or business ties.

Persons: Elon Musk's, Starlink, hasn't, —, David Pogue, Pogue, Musk, OceanGate Organizations: OceanGate Expeditions, Service, Expeditions, Titan, Canadian, US Coast Guard, Expeditions Twitter, Twitter, SpaceX, American Bureau of Shipping, CBS, Starlink Locations: OceanGate, Starlink, Rwanda

☆ Elon Musk disclosed a missed opportunity, said he hates firing people, and revealed a desire to meet Warren Buffett in a 2008 profile that's resurfaced
▼ + stars: | 2023-06-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk bemoaned a missed opportunity and said he wanted to meet Warren Buffett in a 2008 profile. The Tesla, SpaceX, and Twitter CEO said he hated firing people and struggled to move to Los Angeles. The Tesla, SpaceX, and Twitter CEO could have invested in SunPower at a $15 million valuation but didn't do so, he said. However, its stock price has basically flatlined over the past 15 years, meaning Musk hasn't missed out on much since his interview. The electric-vehicle and space-transportation pioneer also disclosed the people he was most interested in meeting at the time: Warren Buffett and Charlie Munger.

Persons: Elon, Warren Buffett, Musk, —, Elon Musk, hasn't, Charlie Munger, Berkshire Hathaway, he'd, Buffett Organizations: SpaceX, Twitter, Service, Privacy, San Francisco Business Times, Berkshire, Tesla Locations: Los Angeles, SunPower, Texas

☆ Elon Musk is nicknamed 'Karen Musk' in a Reddit thread that slams him for calling remote working immoral
▼ + stars: | 2023-05-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk is being criticized for calling remote work immoral. Redditors nicknamed the billionaire "Karen Musk" and say his comments are out-of-touch. Musk previously asked both Tesla and Twitter employees to return to the office. Elon Musk is getting flack for his latest comments disparaging people for working from home with one Reddit thread dubbing him "Karen Musk," as an insult. The Reddit Thread, which links to a video accusing Musk of being out of touch with the average Joe, is titled "Karen Musk: Working from home is IMMORAL!"

☆ Elon Musk's quest for an irresistible price could spell trouble for Tesla and its stock
▼ + stars: | 2023-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +11 min

Its goal has been to coax consumers to make the leap to its brand with the lower prices. Finding an 'irresistible' price Tesla's price cuts are an effort to take advantage of that growing market. "We have written extensively on the drag EVs have on margins for legacy [original equipment manufacturers] and the impact of EV price deflation. She added that the price cuts are an effort for Tesla to retain market dominance and stave off competition from big competitors like Ford. Longer term, Tesla's price fluctuations could do more harm than good if they end up turning consumers off.

☆ The career rise of Twitter's new CEO Linda Yaccarino, an advertising titan who once tried to convince Elon Musk to stop tweeting after 3 a.m.
▼ + stars: | 2023-05-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Yaccarino was also involved with the World Economic Forum — an event Musk has been critical of in the past. Andrew Kelly/Reuters / Zheng Huansong/Xinhua via Getty ImagesYaccarino's LinkedIn profile says she has been the executive chair on WEF's taskforce on the future of work since 2019. Earlier this year, Musk took at dig at the event in Davos and called it "boring af." At the time, he said he was invited to the event but chose to skip it. "WEF is increasingly becoming an unelected world government that the people never asked for and don't want," Musk tweeted in January.

☆ There's one big problem with Tesla's plan to open its exclusive Supercharger network: The cords aren't long enough for other EVs
▼ + stars: | 2023-03-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Tesla opened up some of its exclusive Supercharging stations to rival electric vehicles. But the cords are designed for Teslas, meaning that owners of some other cars need to use two spaces. Early this month, Tesla opened a handful of its roughly 1,700 US charging stations to non-Tesla vehicles. (Tesla designed its own charging connector, while the rest of the industry uses a different standard.) Tesla owners sometimes experience long lines at charging stations, particularly during popular travel times.

☆ Elon Musk mocked Sam Smith's much-discussed Grammys performance, tweeting, 'If that's satan, we have nothing to worry about'
▼ + stars: | 2023-02-08 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk mocked Sam Smith's performance at the Grammys, in which they dressed as Satan. Smith's appearance has been widely attacked by prominent conservatives like Marjorie Taylor Greene. In the performance, Smith dressed like a cartoonish version of Satan, donning a top hat adorned with devil horns and a red latex outfit, while surrounded by red-robed worshippers. Smith's performance has attracted much attention from conservative figures including Republican Rep. Marjorie Taylor Greene, Donald Trump Jr., and Fox News host Tucker Carlson. Taylor Greene then shared a conspiracy theory about an abortion clinic in New Mexico, adding: "American Christians need to get to work."

☆ What Elon Musk has said publicly — and in private texts — on his ideas for Twitter and X, an 'everything app'
▼ + stars: | 2023-02-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

Elon Musk has discussed his plans for X, an "everything app," on Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. Shortly after buying Twitter, Musk began charging Twitter users for the app's blue check mark.

☆ How Tesla's price cuts could spur an EV pricing war
▼ + stars: | 2023-01-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that's proving to be a double-edged sword for the electric carmaker and the greater automotive industry. CEO Elon Musk hasn't directly addressed the price cuts, which are counterintuitive to his claims that the company's cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles. Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem. For the industry at large, Tesla's price cuts put pressure on other automakers to offer more affordable EVs despite rising commodity costs, creates havoc for used vehicle retailers that will need to write down the vehicles and has Wall Street concerned about the first EV pricing war amid recessionary fears. "Tesla's price cuts make all other EVs and [internal combustion engine vehicles] look incrementally more expensive, is margin compressive and sends a chill across the used car market," Morgan Stanley analyst Adam Jonas wrote in a Friday investor note.

☆ Elon Musk is surrounded by yes-men, and it's a recipe for disaster: 'The emperor has no clothes, but everybody's too afraid to tell him'
▼ + stars: | 2022-12-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Experts told Insider Elon Musk's close business relationships is a "recipe for disaster." Experts told Insider it's not surprising that the second-richest man in the world would be taken aback by public criticism. Across his companies, Musk also appears to have built up a slew of allies. Similarly, at Twitter, Musk has also brought in some of his personal associates to assist in the transition. 'Speak truth to power'It can be very difficult to "speak truth to power," Nawaz told Insider, saying it's important for CEOs to create "psychologically safe" environments.

☆ Twitter has given new square business badges to some of its staff, news outlets, and a close friend of Elon Musk — but not Musk himself
▼ + stars: | 2022-12-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter introduced a new square badge to show where company verified accounts are employed. At least 10 Twitter staff have the new badge, but Elon Musk doesn't. Musk himself, however, has not got a square badge, despite owning the company and spearheading the verification changes. Musk retweeted the official announcement for the feature, but is yet to address the poll which saw Twitter users vote for him to step down as CEO. The news outlet Bloomberg also has access to the square badge, which is currently being used for different sections of the outlet's coverage, but not individual journalists.

☆ Elon Musk is tweeting about basically everything — apart from the poll where users said he should give up control of Twitter
▼ + stars: | 2022-12-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Elon Musk polled Twitter users on Sunday about whether he should give up control of the company. Musk, who has run the site since buying it in late October, said he'd abide by the results of the poll. "Should I step down as head of Twitter?," Musk had tweeted. Shortly after posting the poll, Musk tweeted: "As the saying goes, be careful what you wish, as you might get it." Some users and activist groups say there has been a rise in hate speech on the platform since Musk took over.

Search resuls for: "Musk hasn't"

25 mentions found