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Search resuls for: "Leo KoGuan"


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☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
  + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +12 min
Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X
Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York
☆ The battle over Elon Musk's pay package is a showdown between his army of supporters and institutional investors
  + stars: | 2024-06-02 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Read previewTesla is setting the stage for a battle between some vocal institutional investors and some of Elon Musk's biggest supporters. The executive pay plan, which was first approved in 2018, is centered on a series of goalposts around Tesla's financial growth. AdvertisementMeanwhile, Tesla has argued that the pay package is both fair and necessary to maintain Musk's focus on the car company. AdvertisementThe Tesla CEO has also promoted the proposal and criticized institutional investors who have spoken out against the pay plan. Ahead of the June 13 shareholder meeting, shareholders will be asked to vote on several other proposals in addition to Musk's pay package.
Persons: —, Elon Musk's, Musk, Tesla, Leo Koguan, Bloomberg —, Adam Jonas, Morgan Stanley's, Morgan Stanley, Anat Alon, Beck, Alon, I'd, they'd, Kimbal Musk, Murdoch Organizations: Service, Business, Securities and Exchange Commission, P Global Market Intelligence, Reuters, Bloomberg, Case Western Reserve University, Texas Locations: Elon, Delaware, Texas
☆ Top proxy advisor ISS recommends against Elon Musk's $56 billion Tesla pay package
  + stars: | 2024-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
Taylor Hill | Getty ImagesTop proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package and withhold their support from the re-election of News Corp . Tesla's shareholder meeting is on June 13. Tesla's board is seeking shareholder approval to reinstate Musk's pay after a Delaware court voided the package earlier this year. The proxy advisor recommended support for some shareholder proposals that Tesla management opposes, including one that would declassify Tesla's board. Pay package pushTesla has been courting shareholder support in both time-tested and novel ways.
Persons: Elon Musk, Elon Musk's, James Murdoch, Glass Lewis, Tesla, Innisfree, Robyn Denholm, Leo KoGuan, KoGuan, Go Nakamura Organizations: Academy Museum of Motion Pictures, Getty, Services, News Corp, CNBC, ISS, FGS Global Locations: Los Angeles , California, Taylor, Delaware, Texas, Austin, Austin , Texas, U.S
☆ Tesla investors call for 'distracted' Elon Musk to be reined in as they worry he's 'overcommitted'
  + stars: | 2023-04-21 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com   time to read: +5 min
Tesla investors called for Elon Musk to be reined in an open letter, citing the CEO's many commitments. A group of Tesla investors is calling for Elon Musk to be reined in, saying the CEO has been distracted by commitments to his other companies like Twitter. "The Board allowed the CEO to be overcommitted at a time when the company faces critical challenges," the letter stated. Tesla and Musk didn't immediately respond to requests for comment from Insider ahead of publication. Gerber's name is not listed on the open letter.
☆ Elon Musk is the 'enemy' inside Tesla, a top Wall Street analyst warns
  + stars: | 2023-01-28 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Houchois called Musk "the enemy" inside of Tesla, in an interview with Yahoo Finance. "We've published research many times in the past where we say the enemy is inside of Tesla," Houchois said in an interview with Yahoo Finance after the carmaker's earnings call. So he is the person who is going to decide, can I do SpaceX, Tesla, Twitter?" Some Tesla investors have also been critical of Musk as Tesla's stock has plunged over 20% since the Tesla CEO took Twitter private in late October. Last month, Tesla investor and former self-proclaimed "Elon fanboy" Leo Koguan said on Twitter that Musk has "abandoned" the company and Tesla needs a new CEO.
☆ Top Tesla investor has buyer's remorse and says Elon Musk is 'killing' the EV company with stock sales
  + stars: | 2023-01-09 | by ( Brian Evans | ) www.businessinsider.com   time to read: +3 min
"I am 100% in Tesla bc I believe in Elon Musk and Tesla. But in a series of weekend tweets, he also said he bought more Tesla stock last week. "I am 100% in Tesla bc I believe in Elon Musk and Tesla. Elon invested ≈$200mm but took out $40B, Larry invested $1B, I invested over $3B, I have no choice but to act and speak out. Tesla stock lost a staggering 65% in 2022.
☆ Tesla investor and former 'fanboy' questions whether Elon Musk is purposely tanking the carmaker's stock
  + stars: | 2023-01-06 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Tesla investor Leo KoGuan questioned whether Elon Musk is intentionally crushing Tesla stock. KoGuan, who is "one of Tesla's largest individual shareholders," per Bloomberg, had amassed about 22.6 million Tesla shares as of August 27, 2022. Musk, KoGuan, and Lagetko did not respond to a request for comment from Insider ahead of publication. On Friday morning, Tesla stock was trading around $105 per share, its lowest since August 12, 2020, amid slowing demand from China. The Tesla CEO's fortune, largely tied to his shares in Tesla, declined as the company's stock price tumbled.
☆ Elon Musk has become a 'detriment' to the value of his companies, say 79 CEOs in new Yale School of Management poll
  + stars: | 2022-12-21 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
79% of CEOs surveyed at a Yale summit believe Elon Musk has become a detriment to the value of his companies. A new poll of CEOs by Yale School of Management showed that 79% of the 100 executives that were surveyed believe Musk has become a "detriment" to the value of his companies. A screenshot from Yale School of Management's 2022 survey of 100 CEOs, asking whether Elon Musk has become "a detriment" to the value of his companies. Yale School of ManagementThe survey was conducted at the invitation-only Yale CEO Summit held last week. Though, shares of the EV company appeared to respond positively to the possibility of Musk stepping down as CEO of Twitter on Monday.
☆ Elon Musk is hunting for a new Twitter CEO to replace him, report says
  + stars: | 2022-12-20 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com   time to read: +3 min
Elon Musk is on the hunt for someone to replace him as CEO of Twitter, sources told CNBC's David Faber. Musk recently tweeted a poll on if he should step down as Twitter's CEO, saying he'd abide by its results. Though, shares of the EV company appeared to respond positively to the possibility of Musk stepping down as CEO of Twitter on Monday. The billionaire has offloaded nearly $40 billion worth of Tesla stock in the past 14 months. "Time to end this nightmare as CEO of Twitter," Wedbush tech analyst Dan Ives said in a note on Monday.
☆ Senator Warren, Tesla investor turn up heat over Musk's Twitter role
  + stars: | 2022-12-19 | by ( David Shepardson Hyunjoo Jin | David Shepardson | Hyunjoo Jin | ) www.reuters.com   time to read: +4 min
Investors have urged Musk to step down as Twitter CEO and punished Tesla stock, which is down nearly 60% this year and hit a fresh two-year low on Monday. On a Twitter poll from Musk on Sunday asking whether he should step down as Twitter CEO, 57.5% of 17.5 million people voted "yes." Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management and a big Tesla bull, said last week that he would run for Tesla board and had notified Tesla. Leo KoGuan, a major individual Tesla shareholder, wrote on Twitter earlier that Musk had "abandoned Tesla and Tesla has no working CEO." "The whole situation is just weird, and weird is being kind," said Matthew Tuttle, CEO of Tuttle Capital Management.
☆ U.S. Senator Warren questions Tesla board oversight of Musk purchase of Twitter
  + stars: | 2022-12-19 | by ( David Shepardson | ) www.reuters.com   time to read: +4 min
Warren said Musk had not explained how he is managing conflicts between his role as Twitter CEO and his position at Tesla. “As the owner of Twitter, Mr. Musk may decide to run the company to maximize badly-needed revenue, even if that includes great deals for Tesla’s competitors and potential injury to Tesla." She asked for "detailed information on how the Tesla Board is monitoring these conflicts of interest and Mr. Musk’s appropriation of Tesla assets to Twitter, what guidelines the Tesla Board has put in place to protect Tesla" by Jan. 3. Leo KoGuan, a major individual Tesla shareholder, wrote on Twitter earlier that Musk "abandoned Tesla and Tesla has no working CEO. Separately, Twitter users voted in a poll for Elon Musk to step down as Twitter CEO.
☆ Elizabeth Warren is concerned Elon Musk is treating Tesla like a 'plaything' amid his Twitter takeover
  + stars: | 2022-12-19 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Sen. Elizabeth Warren wrote to Tesla's board, raising questions over Elon Musk's Twitter purchase. The senator told the board it must ensure Elon Musk does not treat Tesla as a "private plaything." Some Tesla investors have expressed concern that Twitter has become a distraction for Musk. Warren cited reports that Musk has brought in dozen of Tesla employees to assist in his Twitter takeover, saying it could violate the billionaire's "legal duty of loyalty to Tesla." Musk later took aim at Warren, calling her "Senator Karen" and saying she reminded him of a "friend's angry mom."
☆ Elon Musk, in Twitter poll, asks if he should step down as Twitter CEO
  + stars: | 2022-12-19 | by ( Lora Kolodny Ashley Capoot | Lora Kolodny | Ashley Capoot | ) www.cnbc.com   time to read: +5 min
An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. On Sunday, Twitter's new owner and CEO Elon Musk posted an informal poll of users of the social media platform asking if he should step down as head of the company. In court in November, Musk said, "I expect to reduce my time at Twitter and find somebody else to run Twitter over time." "The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive," he wrote. Tesla's largest retail shareholder, Leo Koguan, wrote in a tweet on Dec. 14, that "Elon abandoned Tesla and Tesla has no working CEO."
☆ Elon had to choose between Twitter and Tesla. He's choosing Tesla.
  + stars: | 2022-12-19 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +7 min
Elon Musk has been forced to make a tough choice: Tesla or Twitter. He's picking Tesla, which represents nearly half his $156 billion in estimated wealth, and the Twitter poll gave him a handy escape pod. That red ink wasn't as much of a problem when interest rates were low, and Tesla's shares were soaring. But as the Federal Reserve has aggressively hiked interest rates to curb inflation, using Tesla stock to pay off the debt on the Twitter buyout is a problem for Tesla. "Tesla is so much an Elon stock, it stands or falls because of him," Beauchamp said.
☆ Elon Musk could lose control of Tesla if the automaker's stock keeps tumbling, ex-Facebook security chief says
  + stars: | 2022-12-17 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Elon Musk could face activist investors as Tesla's stock falls, an ex-Facebook exec warns. Activist investors buy up big stakes in public companies and then agitate for change — sometimes in the board room. Stamos was previously Chief Security Officer at Facebook and he was also previously Chief Information Security Officer at Yahoo. Last week, some Tesla investors expressed concern that Twitter had become too much of a distraction for the carmaker's CEO. Tesla's stock was trading a little over $150 a share late Friday.
☆ Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
  + stars: | 2022-12-13 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +4 min
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party in Austin, Texas, on April 7, 2022. U.S. electric truck maker Rivian has fallen by 27% over that period. Shares in electric vehicle maker Tesla have fallen 28% since October 27, when CEO Elon Musk bought Twitter and appointed himself "Chief Twit," or CEO, of the social media business. Musk sold billions of dollars' worth of his Tesla holdings to finance the Twitter takeover. Since he took over the company, Musk has been regularly posting incendiary tweets, especially aimed at people who hold center-to-left political values, and whom Musk often paints as enemies with a "woke mind virus."
☆ Tesla shares rise on Citi upgrade, Elon Musk talk of a new factory in Asia
  + stars: | 2022-11-23 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +4 min
Tesla shares jumped almost 8% on Wednesday after hitting a 52-week low a day earlier. The rally followed an upgrade by analysts at Citi and an indication from Tesla CEO Elon Musk that South Korea is a top candidate for a new factory the company hopes to build in Asia. Some dips in Tesla shares followed massive stock sales by Musk as he liquidates in part to finance the Twitter deal. Earlier this month, Musk sold another $3.95 billion in Tesla shares, telling Twitter employees he was doing so to save the social media company. The firm still recommends buying Tesla shares and has a $330 price target.
☆ Elon Musk tweets that a potential stock buyback is 'up to the Tesla board'
  + stars: | 2022-11-14 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
Elon Musk dropped more clues about a potential Tesla buyback after hinting last month at the EV maker's first ever repurchase. Responding to a shareholder's tweet urging a buyback, Musk said, "This is up to the Tesla board." Last month he said Tesla was working on "the right process to do a buyback" anywhere from $5 billion to $10 billion. It followed the sale of billions of dollars in Tesla stock last year and earlier this year. Earlier that month, Musk teased a buyback while responding to another tweet from KoGuan, who said Tesla stock decline could only be reversed with a buyback or doubling in profit.
☆ Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
  + stars: | 2022-10-14 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
Elon Musk fueled speculation that Tesla could soon announce its first-ever stock buyback. Responding to a tweet from a top Tesla investor who said only a buyback or a doubling in profit could break the stock's slump, Musk said "Noted." Leo KoGuan, who says he is the third largest individual Tesla shareholder, has previously called for a buyback of $5 billion this year and $10 billion next year. At the time, he said Tesla should announce plans for a $5 billion buyback this year and a $10 billion buyback next year. Reports have also surfaced in recent days that Musk is at risk of losing his financing for the deal.
☆ An Elon Musk superfan made the Forbes 400 list after snapping up Tesla stock during the pandemic
  + stars: | 2022-09-28 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +2 min
An Elon Musk superfan joined the Forbes 400 list for the first time this year. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAn Elon Musk superfan just joined the Forbes 400 list after going all in on Tesla stock. What makes KoGuan's wealth so unusual is how he amassed it: by snapping up Tesla stock during the early days of the pandemic. In late 2020, KoGuan reportedly paid about $46 million for a Singapore penthouse owned by vacuum-cleaner tycoon James Dyson. At the start of 2020, Tesla's stock was trading at about $30 a share.
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