Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "LORA"


25 mentions found


Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Musk shared the reveal date on Friday after Reuters reported that plans for Tesla's highly anticipated low-cost car model had been scrapped. In 2015, Elon Musk told shareholders that Tesla's cars would achieve "full autonomy" within three years. Tesla still has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles. On Friday, Apple shuttered its self-driving unit and laid off about 600 people on Friday who had been associated with the project.
Persons: Elon Musk, Porte, Tesla, Musk, FSD, Waymo, Uber, Cruise's, Leswing Organizations: Twitter, Viva Technology, Porte de, Reuters, Tesla, Companies, Wayve, Apple, Cruise Locations: Paris, France, Phoenix, San Francisco, Los Angeles, Austin , Texas, Arizona, China, Guangzhou, U.S
Former Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022. Caldwell's suit is similar to one filed by former Twitter executives, including ex-CEO Parag Agrawal, who claim they are owed $128 million in unpaid severance. "With no factual basis, Musk simply accused Mr. Caldwell of misconduct as a ploy to evade paying him millions of dollars in severance benefits that Musk/Twitter owed to Mr. Caldwell," his attorneys wrote. A few days before his resignation from Twitter, Caldwell shared a post on social media saying, "My wife and soulmate Tia Caldwell passed away suddenly the 15th of October. Read the full complaint — Nicholas Caldwell v. Elon Musk, X Corp. et al (Case 3:24-cv-02022) — below.
Persons: Nick Caldwell, Elon Musk, Caldwell, Parag Agrawal, Musk, Twitter, Brian Bjelde, Lindsay Chapman, Dhruv Batura, didn't, soulmate Tia Caldwell, Read, Nicholas Caldwell Organizations: Twitter, SpaceX, Tesla, CNBC, X Corp Locations: California
In South San Francisco, a small startup is working on a high-tech approach to wildfire prevention. Anukool Lakhina and Waleed "Lee" Haddad founded BurnBot in 2022 to develop robotics and remote-controlled vehicles that can munch up and burn away invasive plants or other dry vegetation that can fuel fires if left fallow. Like other agricultural and construction equipment, the RX rolls forward on tank-like tracks and wheels, which enable it to maneuver through rough fields. The chambers of the BurnBot RX also trap and torch away the smoke that comes from burning vegetation, so it doesn't pollute the air in surrounding communities. When the torching is done, the RX sprays water repeatedly to extinguish any remaining embers.
Persons: Lakhina, Waleed, Lee, Haddad, BurnBot, munch Organizations: Ventures Locations: California, South San Francisco, BurnBot
Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Tesla doesn't break out sales by model but reported that it produced 412,376 Model 3/Y cars and delivered 369,783. In the fourth quarter of 2023, Tesla reported 484,507 deliveries and production of 494,989 vehicles. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. The system is marketed as Full Self-Driving but doesn't make Tesla cars autonomous.
Persons: Tesla, Troy Teslike, Martin Viecha, Elon Musk Organizations: Tesla, FactSet, Independent, CNBC Locations: Fremont, Gigafactory, Berlin, China, Shanghai, U.S, North America
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.
Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware
While all new Tesla vehicles have a standard driver assistance system installed called Autopilot, the company's FSD option costs $199 per month for most customers in North America. Tesla's FSD system does not turn cars into autonomous vehicles. According to the Tesla owners' manuals, drivers must remain attentive to the road and ready to steer or brake at any time when using FSD or FSD Beta. Owners with FSD can also get access to the FSD Beta system, which allows them to test and help debug newer driver assistance features on public roads. Under pressure from the National Highway Traffic Safety Administration, Tesla has implemented voluntary recalls to improve the safety of its Autopilot, FSD and FSD Beta systems in recent years.
Persons: Elon, Elon Musk, Musk, FSD, Tesla, Troy Teslike Organizations: Bloomberg, CNBC, Beta, National, Traffic Safety, Tesla Locations: Gruenheide, Germany, North America
A federal judge in California dismissed a lawsuit filed by Elon Musk's X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the "case is about punishing the Defendants for their speech." X sued the research group in July, accusing it of implementing a "scare campaign" to drive away advertisers. The company also accused CCDH of improperly accessing data from the platform and selectively picking posts to "falsely claim" that X is "overwhelmed with harmful content." CCDH also found that Twitter failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. In one instance, X has sued an Israeli web data collection company called Bright Data over its allegedly unauthorized scraping of data from its social media platform.
Persons: Elon Musk's, X, CCDH, Musk, Charles Breyer, Breyer, Roberta Kaplan, Donald Trump, E, Jean Carroll, Trump, Carroll, Xfinity Organizations: CCDH, Northern District of, Twitter, CNBC, X, Bright, Media Matters, America, Apple, Bravo, IBM, Oracle Locations: California, Northern District, Northern District of California, Silicon Valley, Texas
That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .
Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, , Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California
All that changed three years ago, when a global chip shortage and rising geopolitical tension turbocharged growth at TSMC. TSMC set up the Newcomer Training Center inside a sprawling science park in the city of Taichung in central Taiwan in 2021. “After many years, what we want to do is to gradually reduce assignees [and] increase the local hires.”The Newcomer Training Center opened in 2021. The soaring demand, particularly for chips that power AI, has created a shortage of talent for the semiconductor industry. Countries compete for this talent.”TSMC’s Ho said a shortage of talent is one of the main challenges the company faces.
Persons: Taiwan CNN —, , TSMC, Joe Biden, , Marcus Chen, ” Lora Ho, John Mees, Stewart Randall, ” TSMC’s Ho, Ho, Kristy Hsu, , it’s, ” Ho, “ It’s, — CNN’s Juliana Liu Organizations: Taiwan CNN, Moore’s, Apple, Nvidia, AMD, CNN, , Training, Taiwan Semiconductor Manufacturing, IC, Taiwan ASEAN Studies Center, Economic Research Locations: Taichung, Taiwan, TSMC, Arizona, fabs, United States, Japan, Germany, China, Washington, Kumamoto, Phoenix , Arizona, Dresden, Europe
The SpaceX logo is shown on a Falcon 9 rocket as it is prepared for launch to carry NASA's SpaceX Crew-8 astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, and Roscosmos cosmonaut Alexander Grebenkin to the International Space Station at the Kennedy Space Center, in Cape Canaveral, Florida, U.S., March 2, 2024. The National Labor Relations Board accused SpaceX in a new complaint of entering into unlawful severance agreements with terminated employees nationwide. The unfair labor practices complaint comes two months after SpaceX filed a federal lawsuit challenging the legality of the NLRB's oversight authority, and after the federal agency in a separate complaint accused the company of illegally firing eight workers who had criticized its CEO Elon Musk in an open letter. The new NLRB complaint claims that SpaceX included unlawful confidentiality and non-disparagement clauses in severance agreements and that it unlawfully limited the terminated workers' ability to participate in other claims against the company. It also alleges that the rocket maker and satellite internet company maintained an unlawful rule that required workers — as a condition of their employment — to sign an agreement for arbitration and dispute resolution, and to waive their right to receive money in class-action lawsuits against the company.
Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, SpaceX, Elon Musk Organizations: SpaceX, International, Kennedy Space Center, National Labor Relations Board, Company Locations: Cape Canaveral , Florida, U.S
Attorney Lawrence Organ, with the California Civil Rights Law Group, who represented Diaz told CNBC via e-mail: "The parties have reached an amicable resolution of their disputes. The same firm is representing current and former Tesla employees in a proposed class action lawsuit, Marcus Vaughn v. Tesla Inc., alleging that the racist discrimination and harassment of Black workers has continued at the automaker. Organ told CNBC by phone on Friday, "It took immense courage for Owen Diaz to stand up to a company the size of Tesla. Even though the litigation chapter of his life is over, there's still a lot of work to do for Tesla." Tesla has called the EECO's allegations "a false narrative that ignores Tesla's track record of equal employment opportunity."
Persons: Tesla, Owen Diaz, Lawrence Organ, Diaz, Marcus Vaughn, Organ, there's, Elon Musk, haven't, Jim Crow Organizations: California Civil Rights, Group, CNBC, Tesla Inc, Tesla, Commission Locations: Fremont , California
The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Tesla and the employee, Kyle Kaszuba, must pay more than $42 million in damages to the victim, Christopher Dugan, a Marion County jury said in a Wednesday verdict. The jury found that Dugan was 30% liable for the crash, reducing the award from $60 million to $42 million. The crash occurred while Kaszuba was operating a 2014 Ford vehicle owned by Tesla either with the permission of Tesla or while working in his capacity as a Tesla employee, Dugan alleged in his initial complaint. The gas station near where the crash occurred is located just outside of a ramp to I-465, the ring road that encircles Indianapolis.
Persons: Tesla, Kyle Kaszuba, Christopher Dugan, Dugan, Kaszuba, Quinn Emanuel, Nick Rowley, — CNBC's Lora Kolodny Organizations: Tesla, Ford, Ford Super, Inc, View Locations: Zurich, An Indiana, Marion, Indianapolis
Former CNN anchor Don Lemon announced Wednesday that X owner Elon Musk has canceled a partnership in which Lemon would host a new show on the social network. Lemon said he was informed of the decision to cancel the deal just hours after he taped an interview with Musk for the premiere of The Don Lemon Show on March 18. Musk claimed in a post on X Wednesday that "instead of it being the real Don Lemon, it was really just Jeff Zucker talking through Don, so lacked authenticity. The interview with Musk will be posted on YouTube, podcast platforms and will still be published on X, Lemon said. It remains unclear what, if any, contract had been arranged and what the terms of any partnership were between X and The Don Lemon Show.
Persons: Don Lemon, Elon Musk, Lemon, Musk, Jeff Zucker, Don, Zucker, Donald Trump, X, Tulsi Gabbard, Jim Rome, Alex Spiro, CNBC's Lora Kolodny Organizations: CNN, SpaceX, Twitter, YouTube, U.S . Rep, CNBC
DETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes. The Detroit automaker said on Tuesday that Gerald Johnson, executive vice president of Global Manufacturing and Sustainability, will pass the baton to Jens Peter "JP" Clausen, a former executive with Tesla, Lego and, most recently, Google. Johnson's departure isn't unexpected after a 44-year tenure with the automaker, however GM also announced another more surprising departure on Tuesday: that of Mike Abbott, executive vice president of software and services. Baris Cetinok, current vice president of product in software and services, has been named Abbott's interim replacement while a search is conducted. The company's board members include former Tesla President of Global Sales and Service Jon McNeill.
Persons: Gerald Johnson, Jens Peter, JP, Clausen, Johnson, Mike Abbott, Abbott, Baris Cetinok, Elon Musk, JB Straubel, Tesla's, Tesla, Gingko Bioworks, Jon McNeill Organizations: Motors, Global Manufacturing, Labor, DETROIT –, Google, Detroit, Sustainability, GM, Apple, Tesla, Softbank, company's, Technology, Global Sales Locations: Warren , Michigan, DETROIT, Nevada, Reno, Zymergen
Former President Donald Trump and his allies on the Republican National Committee want to convince Tesla and SpaceX CEO Elon Musk to speak at the GOP convention in July, people familiar with the matter told CNBC. It is not clear if Trump or his allies have raised the idea with Musk. Musk previously voiced support for the Republican presidential candidacy of Florida Gov. "He said the other day, 'Oh, I've never voted for a Republican,' " Trump said at that rally. Thiel also said in that interview that Trump's presidential administration, which spanned January 2017 to January 2021, was "crazier" and "more dangerous than I thought."
Persons: Trump, Steve Bannon, Donald Trump, Elon Musk, Tesla, Joe Biden, sitdown, Nikki Haley, Trump's, Peter Thiel, Ronna McDaniel, Michael Whatley, Musk, Lara Trump, Biden, Ron DeSantis, Robert F, Kennedy Jr, I've, Musk baselessly, Thiel, Trump . Thiel Organizations: SpaceX, Tesla, Washington , DC, Republican National Committee, GOP, CNBC, Republican, Trump, Super, PayPal, Republican National Convention, RNC, Representatives, Florida Gov, Trump White, Democrats, U.S, Capitol, Truth, Biden, Facebook, Trump . Locations: Washington ,, Milwaukee , Wisconsin, Palm Beach , Florida, Carolina, Florida, United States, Paris, Texas, Georgia
House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The congressmen also announced a probe of SpaceX by the Democratic House Committee into the company's safeguards and procedures for preventing illegal exports and use of its Starlink equipment and services. The Washington Post first reported on the probe and March 6 letter to SpaceX president and chief operating officer Gwynne Shotwell. In a statement on Thursday, the congressmen wrote, "Russia's use of Starlink satellite terminals would be in contravention of U.S. export controls that prohibit Russia from acquiring and utilizing U.S.-produced technology." The new probe by House Democrats follows news on Wednesday that a man in New Jersey was arrested on charges of allegedly trafficking 675 SpaceX Starlink terminals which were purchased with stolen credit card accounts or hacked Starlink billing accounts.
Persons: Robert Garcia, Jamie Raskin, Gwynne Shotwell, Elon Musk, Musk, Starlink, Walter Isaacson, , Volodymyr Zelenskyy, GUR, Mike Gallagher, Gallagher Organizations: SpaceX, Democratic, Committee, Washington Post, Netflix, Directorate of Intelligence, Russian, Democrats, House, Department of Defense, CNBC, House Democrats, Police Locations: Ukraine, Warsaw, Poland, Russia, Crimea, Russian, Kyiv's, Ukrainian, Donetsk, House China, Taiwan, Starlink, New Jersey
The Lawrence Township Police Department recovered 223 of 675 SpaceX Starlink Terminals allegedly purchased using stolen credit card numbers, the department said Tuesday. A New Jersey man was arrested on charges for allegedly trafficking 675 SpaceX Starlink terminals purchased with stolen credit card accounts or hacked Starlink billing accounts, police said Wednesday. The man, 35-year-old Kelvin Rodriguez-Moya, was stopped by police Dec. 4 while driving 223 Starlink terminals in a pickup truck and trailer after leaving a residence in Lawrence Township, New Jersey, a criminal complaint said. Lawrence Township police had been tipped off about a suspiciously large number of Starlink terminals being shipped to that home, the complaint said. The total value of the 675 fraudulently purchased Starlink terminals that police subsequently learned had been shipped to the Lawrence Township address is about $400,000, police said.
Persons: Kelvin Rodriguez, Moya, Detectives, Rodriguez Organizations: Police Department, SpaceX Starlink, SpaceX, FedEx Locations: Lawrence, New Jersey, Lawrence Township , New Jersey, Newark
By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.
Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, , Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI
Tesla CEO Elon Musk photographed in Austin, Texas, on April 7, 2022. Elon Musk's pick to be district attorney of Texas' Travis County lost on Tuesday, hours after the Tesla CEO sent a companywide email urging employees to follow his lead. Here's what Musk wrote to employees on Tuesday in an email that was obtained by CNBC. Musk supported Texas Republican May Flores in her congressional race in 2022. "I hope more people like Marty run for office," Musk wrote on X on Tuesday, recirculating a post from O'Donnell.
Persons: Elon Musk, Elon Musk's, Travis County, Jeremy Sylestine, José Garza, Garza, Musk, Sylestine, Donald Trump, Elon, Sylestine didn't, Tesla, Ye, Andrew Yang, Biden, Texas Republican May Flores, Marty O'Donnell, Marty, recirculating, O'Donnell Organizations: Democratic, SpaceX, Boring Company, CNBC, Attorney, Republican, Bloomberg, Kanye, Texas Republican, Congress, Elon Locations: Austin , Texas, Texas, California, Silicon Valley, Austin, Florida, Travis County, Nevada
Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.
Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, , X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI
Tesla CEO Elon Musk met with former President Donald Trump on Sunday in Palm Beach, Florida, along with unnamed wealthy Republican donors, the New York Times reported, citing three people briefed on the meeting. Private jets belonging to Trump and Musk were spotted landing within less than an hour of one another at a Palm Beach airport on March 2. Musk, who owns X and runs defense contractor SpaceX in addition to Tesla, didn't endorse Trump in his 2016 or 2020 campaigns. In 2022, Trump called Musk a "bull---- artist," claiming that the Tesla CEO said he voted for Trump in private conversations between them. In November 2022, after Musk bought Twitter with the assistance of funding from Saudi Arabia, President Biden was asked whether Musk was a potential threat to national security.
Persons: Elon Musk, Donald Trump, Trump, Joe Biden, It's, didn't, Elon, Musk, Biden, Tesla, Mayra Flores, he's, He's, Ron DeSantis, DeSantis, Nikki Haley, who's, Marty O'Donnell, Jeremy Sylestine Organizations: New York Times, Trump, White, SpaceX, Republican, White House, Twitter, Florida Gov, New, Biden, Congress Locations: Palm Beach , Florida, Palm, Paris, Texas, Saudi Arabia, New Hampshire, U.S, Nevada, Austin , Texas
Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance. The ex-Twitter executives' lawyers argue, "These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter's executives out of their severance benefits in order to save himself $200 million." The suit, Agrawal et al v. Musk et al, was filed in California's Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute. Representatives for X Corp. and Elon Musk did not immediately respond to CNBC's request for comment.
Persons: Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Elon Musk, Musk, Walter Isaacson, Isaacson, Agrawal Organizations: Twitter, Elon, X Corp, Twitter Inc Locations: Delaware
The lawyers had earlier convinced the Delaware chancery court to revoke Musk's $56 billion pay package from 2018, with the judge ruling that Tesla's board of directors failed to prove it was fair to shareholders. The lawyers represent former heavy metal drummer Richard Tornetta, who filed the suit on behalf of his fellow Tesla investors. The lawyers are asking for just over 11% of the Tesla shares that would have gone to Musk, or slightly more than 29.4 million shares. Taking their pay in Tesla shares demonstrates they are prepared to "eat our cooking," the lawyers wrote. Musk's pay package was the largest ever disclosed in corporate America, according to Delaware Chancery Court Judge Kathaleen McCormick's 200-page ruling.
Persons: Elon Musk, BARTOSZ SIEDLIK, Elon, paydays, Richard Tornetta, Greg Varallo, Bernstein Litowitz Berger, Grossmann ., Tesla, Kathaleen McCormick's, Musk Organizations: European Jewish Association, Getty Images, Enron, Musk's, Tesla, Grossmann, Musk Locations: Krakow, AFP, Delaware, New York, America, Texas
Alphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator's website on Friday. "Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the release said. In mid-February, Waymo initiated a voluntary recall filing notice with the National Highway Traffic Safety Administration, saying it would fix software issues. The latest notice applies to the commercial ride-sharing service Waymo One. WATCH: Crowd burns Waymo in San Francisco
Persons: Alphabet's, Waymo, Apple, Elon Musk's Tesla, Cruise robotaxis Organizations: California Public Utilities Commission, San, National, Traffic Safety Administration, California Department of Motor Vehicles, General Motors, Cruise, Palo Locations: Los Angeles, San Francisco Peninsula, Phoenix, California, Palo Alto, San Mateo County, San Francisco
“We believe the claims in this suit may stem from Elon’s regrets about not being involved with the company today,” wrote OpenAI Chief Strategy Officer Jason Kwon in an internal memo on Friday that was viewed by CNBC. The next year, Musk gave nearly $20 million to OpenAI, which the attorneys reiterated was more than other backers. "We did not think either approach was right for the mission," Kwon wrote. Regarding OpenAI's transformation from an "open source foundation" to a multibillion-dollar for-profit company, Musk said, "I don't know, is this legal?" — CNBC's Lora Kolodny and Hayden Field contributed to this reportWATCH: Elon Musk lawsuit against OpenAI and Altman began a year ago
Persons: Elon Musk, Tesla, , Jason Kwon, Sam Altman, OpenAI, Altman, Musk, Greg Brockman, Kwon, they've, Andrej Karpathy, Karpathy, didn't, — CNBC's Lora Kolodny, Hayden Field, Elon Organizations: CNBC, Elon, Microsoft, Tesla, The New York Times, OpenAI Locations: OpenAI
Total: 25