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☆ America's highest-earning CEO was awarded a staggering $162 million last year — but there's a catch
▼ + stars: | 2024-05-21 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Broadcom boss Hock Tan is the highest-earning CEO in the US, per a Wall Street Journal analysis. But Tan has to fulfill certain criteria to get his full $162 million pay package. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica's highest-paid CEO isn't Apple's Tim Cook, Tesla's Elon Musk, or Meta Platforms' Mark Zuckerberg — it's Broadcom's Hock Tan, The Wall Street Journal found in an analysis published this week. Tan was awarded $162 million in compensation last year, but it comes with a catch: he'll only receive the full amount if his company's stock hits a certain level by 2025, the WSJ said.

Persons: Hock Tan, Tan, Nikesh Arora, Steve Schwarzman, —, isn't, Tim Cook, Tesla's Elon, Mark Zuckerberg, Broadcom's Hock Tan Organizations: Broadcom, Palo Alto Networks, Service, Journal, Business

☆ Tesla's Elon Musk problem: WSJ's Tim Higgins on the political divide over Tesla
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Elon Musk problem: WSJ's Tim Higgins on the political divide over TeslaTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss the political divide over Tesla, the politicization of EVs, Tesla's planned robotaxi rollout, and more.

Persons: Elon, Tim Higgins, Tesla Tim Higgins, Tesla's Organizations: Wall Street Journal, Tesla

☆ Tesla's Elon Musk postpones India trip, aims to visit this year
▼ + stars: | 2024-04-20 | by ( ) www.cnbc.com time to read: +2 min

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year. m"Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk posted on his X social media platform. The CEO and the prime minister are both at critical junctures. Musk posted that "Reuters is lying" after the report, without citing any inaccuracies. After Reuters reported Musk's India trip plans on April 10, he posted on X that he was "Looking forward to meeting with Prime Minister Narendra Modi in India!"

Persons: Elon Musk, Narendra Modi, Musk, Tesla, Rohan Patel, Modi Organizations: Reuters, EV Locations: India, New Delhi

☆ Ford's secret weapon in the fight against Tesla: hybrids
▼ + stars: | 2024-03-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Ford's hybrids are bringing new customers to the brand amid the EV sales slowdown. Ford's middle-of-the-road approach to hybrids and EVs is paying off for now. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElectric vehicle sales aren't going the way Ford expected when CEO Jim Farley took direct aim at Elon Musk's Tesla in 2022. This story is available exclusively to Business Insider subscribers.

Persons: —, Jim Farley, Elon Musk's Tesla, Elon Musk, Ford Organizations: Ford, Service, Elon, Business

☆ Ford is losing dealers' trust after a rocky year for the EV transition
▼ + stars: | 2023-11-07 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Nearly half of Ford dealers said they have "no trust" in their franchise in new survey. Ford dealers have had a tough year balancing EV demand. AdvertisementAdvertisementIt's been a tough year for Ford dealers, and it's becoming clear some are losing patience. Ford came in dead last in a recent survey on dealers' level of trust in their franchises, with 46% of Ford dealers surveyed by Kerrigan Advisors saying they had "no trust" in their franchise. This breakdown in trust and pessimism about the future shouldn't come as too much of a surprise after the year Ford dealers have had.

Persons: Ford, —, Kerrigan, Elon Musk, Cameron Johnson, Martin French Organizations: Ford, Service, Kerrigan Advisors, Survey, Magic City Auto Group, Nissan, Lincoln, Toyota, Lexus, Subaru Locations: Virginia

☆ Auto execs are coming clean: EVs aren't working
▼ + stars: | 2023-10-26 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Dealers have been warning of slowing EV demand for months. While GM's about-face was somewhat of a surprise to investors, the Detroit car company is not alone in this new view of the EV future. Just a few months after dealers have started coming forward to warn of slowing EV demand, manufacturers appear to be catching up to that reality. In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year, and abandoned a 2026 target to build 2 million EVs . In scrapping plans with GM to co-develop sub-$30,000 EVs, Honda CEO Toshihiro Mibe said the shifting EV environment was difficult to gauge.

Persons: Mercedes, —, Mary Barra, Bolt, GM doesn't, Tesla's Elon Musk, Harald Wilhelm, Mercedes isn't, Ford, Toshihiro Mibe, Mibe Organizations: EV, Dealers, Service, GM, Barra, Benz, Honda, Bloomberg Locations: Detroit

☆ Legendary investor Jeremy Grantham calls Elon Musk a 'wonderful propagandist' and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.
▼ + stars: | 2023-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Legendary investor Jeremy Grantham warned that home prices are doomed to fall amid high mortgage rates. What the stock market loves"It loves low inflation. The crucial ingredient to a stock market bubble"The surge that took place in late 2020 finally had the characteristics that have been missing for 10 years. [NFTs], meme-stocks, QuantumScape is the biggest scale of any bubble in [stock market] history." That's the biggest bubble I think in history, including the South Sea bubble."

Persons: Jeremy Grantham, Tesla's Elon Musk, Elon Musk's salesmanship, Grantham, Josh Brown, Michael Batnick, I've Organizations: Service, Elon, Ritholtz, Stock Locations: Wall, Silicon, Beijing, Shanghai, Sydney, Adelaide, Canada, London, Toronto, Boston, Japan, Manhattan, Downtown Manhattan, Tokyo

☆ EV startup Lucid is losing over $500,000 for every car it sells
▼ + stars: | 2023-08-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

And an ongoing EV price war started earlier this year by Tesla's Elon Musk, is forcing deeper losses as companies chase volume over profits in the EV sector. Ford recently adjusted its electric vehicle timeline to reflect this change in EV demand. After several years of rapid growth from eager early adopters to the electric vehicle segment, EV sellers are facing the first plateau. EV sales hit a high of nearly 6% in the US last year, bringing the segment closer to a predicted 7-10% tipping point. At this level of adoption, EV sales are expected to slow considerably.

Persons: Peter Rawlinson, Chris McNally, Evercore, Lucid, Tesla's Elon, Rivian, Ford Organizations: Morning, Tesla, Air EV, Ford, EV

☆ Tesla's Elon Musk optimistic on progress for self-driving, robots
▼ + stars: | 2023-07-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 19 (Reuters) - Tesla (TSLA.O) Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added. The value of Tesla vehicles would rise in perhaps "the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing. Musk has also said that Tesla robots, in pilot phase, could become a huge product. But Musk said Tesla will keep pushing to expand sales volume at the cost of profit margins, betting on the long-term value from FSD.

Persons: Elon Musk, he's, Musk, Tesla, Tesla's, Tasha Keeney, I've, Abhirup Roy, Peter Henderson, Sam Holmes Organizations: FRANCISCO, Twitter, Thomson Locations: San Francisco

☆ Marc Andreessen throws his support behind an Elon Musk-Mark Zuckerberg cage fight in a talk with Peter Thiel
▼ + stars: | 2023-07-14 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Marc Andreessen, speaking on a panel with Peter Thiel, backed a Zuckerberg-Musk cage fight. Andreessen and Thiel also said, unrelated, that attendees should homeschool their kids. Billionaire investor Marc Andreessen is apparently rooting for Tesla's Elon Musk and Meta's Mark Zuckerberg to square off in a cage match. He and PayPal cofounder Peter Thiel also urged the event's attendees to homeschool their children, Puck reported. Representatives for both Andreessen and Thiel did not immediately respond to Insider's request for comment.

Persons: Marc Andreessen, Peter Thiel, Zuckerberg, Andreessen, Thiel, Elon Musk, Mark Zuckerberg, Puck's Dylan Byers, Andreessen Horowitz, Puck Organizations: Morning, Allen & Company, Allen, Co, Zuckerberg, New York Times, Thiel Locations: Sun Valley , Idaho, Idaho, Silicon

☆ China foreign minister meets with Elon Musk in Beijing
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: 1 min

BEIJING, May 30 (Reuters) - China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China's foreign minister Qin Gang said during a meeting with Tesla's Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to a statement from the Chinese foreign ministry. Reporting by Beijing newsroom, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ CNBC Daily Open: Next stop, Congress
▼ + stars: | 2023-05-30 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. As expected, some right-wing Republicans have voiced their opposition to the deal to raise the U.S. debt ceiling. With Tesla's Elon Musk bound for China this week, maybe that could offer some fresh trading ideas, above the macro fray. Subscribe here to get this report sent directly to your inbox each morning before markets open.

PARIS, May 14 (Reuters) - France is poised to win record foreign investment pledges when President Emmanuel Macron receives global business leaders, including Tesla's Elon Musk, on Monday at the annual Choose France summit in Versailles. Executives attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018. Billionaire entrepreneur Elon Musk, the CEO of Tesla (TSLA.O), met Macron at his official residence the Elysee Palace. France previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany, his only European gigafactory so far. PALATIAL BACKDROPOver the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.

☆ Why CEOs are changing directions faster than ever
▼ + stars: | 2023-05-11 | by ( Rebecca Knight | Tim Paradis | ) www.businessinsider.com time to read: +8 min

CEOs are changing their corporate strategies more frequently for many reasons. Some CEOs didn't do the necessary medium- and long-term planning when they made their original decisions, and now they're being forced to backtrack. A new, lightning-fast pace of businessThe rapidly changing business environment makes one thing clear: For CEOs, the day-to-day marathon of running a company feels much more like a sprint. The average compensation in 2021 for CEOs of the top US companies was 399 times that of the average worker. Changing a strategy is one thing, but how a CEO communicates that change is another — particularly because these pivots are likely to happen more frequently.

☆ A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence.
▼ + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Kevin O'LearyKevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. Some of the biggest firms on Wall Street are warning their clients not to trust the stock market rally. This strategist said you can tell the stock market surge is out of steam because the dollar's no longer on the retreat. Make these undervalued investments now while the stock market rally unwinds after a red-hot jobs report.

[1/3] Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. Ives added that some Tesla investors feared Musk might have to sell more Tesla stock if he lost. Tesla investors have expressed concerns that running the social media company has taken up too much of his focus. During the three-week trial, Musk spent nearly nine hours on the witness stand, telling jurors he believed the tweets were truthful. He said his tweets in general did not always affect Tesla stock the way he expects.

☆ There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too
▼ + stars: | 2023-02-03 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

In this article EDF-FRNG.-GBTSLA Follow your favorite stocks CREATE FREE ACCOUNTBoth pink and blue have been used to differentiate between different methods of hydrogen production. Indeed, according to a Sept. 2022 tracking report from the International Energy Agency, low-emission hydrogen production in 2021 accounted for less than 1% of global hydrogen production. These include green hydrogen, which refers to hydrogen produced using renewables and electrolysis, with an electric current splitting water into oxygen and hydrogen. "But splitting water takes energy, so what pink hydrogen is about is splitting water using energy that has come from nuclear." This needed "supportive policies which encourage investment in early hydrogen production projects and encourage users to switch from fossil fuels to low carbon hydrogen."

☆ ChatGPT's soaring popularity has added $5 billion to the wealth of Nvidia's founder as Wall Street bets on AI boom for the chipmaker
▼ + stars: | 2023-01-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

OpenAI's popular language tool, ChatGPT, has spurred investors to bet on AI, which has led them to chip companies like Nvidia. Nvidia's cofounder, Jensen Huang, has seen his wealth grow by $5 billion so far this year, Bloomberg data shows. Microsoft this month reportedly invested $10 billion into ChatGPT's parent company, OpenAI, which has fueled interest in the artificial intelligence space overall. Nvidia's role as a dominant player in the chip-making space has made it an attractive bet as Wall Street looks to ride the AI trend. Speaking at an event in Stockholm last week, Huang warned of the potential challenges AI could bring to broader society.

☆ Top French university bans use of ChatGPT to prevent plagiarism
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

PARIS, Jan 27 (Reuters) - Sciences Po, one of France's top universities, has banned the use of ChatGPT, an artificial intelligence-based chatbot that can generate coherent prose, to prevent fraud and plagiarism. ChatGPT is a free programme that generates original text about virtually any subject in response to a prompt, including articles, essays, jokes and even poetry, raising concerns across industries about plagiarism. The university said on Friday the school had emailed all students and faculty announcing a ban on ChatGPT and all other AI-based tools at Sciences Po. Sciences Po, whose main campus is in Paris, added that punishment for using the software may go as far as exclusion from the institution, or even from French higher education as a whole. "The ChatGPT software is raising important questions for educators and researchers all around the world, with regards to fraud in general, and particularly plagiarism," it said .

☆ Tesla's Elon Musk sells another huge chunk of shares
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Elon Musk sells another huge chunk of sharesTesla shares continued to slide Thursday morning after Elon Musk disclosed he sold another 22 million shares in the company. CNBC's 'Squawk on the Street' team discuss.

☆ Everybody thinks Apple's Tim Cook's boring (but he's kicking everybody's ass)
▼ + stars: | 2022-11-03 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Apple's market cap is worth more than Amazon, Meta, and Alphabet combined. Other tech companies have faced more pushback for seemingly investing too much in headcounts and moonshot projects. Apple isn't immune to criticism, but CEO Tim Cook largely avoids controversy, which may insulate the company. Meta CEO Mark Zuckerberg has even publicly accused the company of undercutting other businesses to grow its own. But Apple's stock is down only 23%.

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