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☆ Elon Musk's Starlink satellites could burn up the ozone layer, scientists warn
▼ + stars: | 2024-06-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewInternet satellite networks like Elon Musk's Starlink could contribute toward the depletion of the ozone layer, a new study claims. There are currently more than 8,000 internet satellites in low-earth orbit, of which about 6,000 are Starlink ones, a press statement said. SpaceX has plans to launch another 42,000 Starlink satellites, according to Space.com. The first launch carrying experimental Starlink satellites was in 2019. AdvertisementA 1987 ban on CFCs helped slow the process, and by 2013, authorities were projecting that the ozone layer would repair itself within a few decades.

Persons: —, Elon Musk's, Mark Handley, University College London Elon Musk, CFCs, Starlink Organizations: Service, Elon, University of Southern California's Department, Astronautical Engineering, Business, SpaceX, Amazon, University College London Elon, European Space Agency, USC Locations: Ukraine, Antarctica, Brazil

☆ Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
▼ + stars: | 2024-06-18 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The sale was valued at 310.5 million Hong Kong dollars ($40 million). BYD shares had closed at a record high in June of that year. In 2008, Berkshire spent $230 million in buying BYD shares at an average of HK$8 ($1.02) apiece. Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday.

Persons: Hong Kong CNN — Warren, Berkshire Hathaway, Tesla, Buffett, Daniel Acker, Biden, Wang Chuanfu, Elon Musk’s Tesla, didn’t, Charlie Munger, Munger “, ” Organizations: Hong Kong CNN, Hong Kong, Berkshire, Bloomberg, Getty, European Union, European Commission, EU, EV, HK, CNN Locations: China, Hong Kong, BYD, European, Europe, Beijing, United States, Shenzhen, Berkshire

☆ We now know just how much money Elon Musk's X made after his takeover — and it's a lot less than before his purchase
▼ + stars: | 2024-06-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Elon Musk himself had said in 2023 that X's revenue was down. X revenues plunged 40% in the months after Elon Musk took over, Bloomberg reported. AdvertisementElon Musk was right: X did lose lots of revenue when he took over. X revenues plunged in the wake of Elon Musk's fraught acquisition of the social media giant, new documents obtained by Bloomberg reportedly show. According to regulatory filings seen by Bloomberg, X generated $1.48 billion in revenue in the first half of 2023 — down roughly 40% from the first six months of 2022 before Musk's takeover.

Persons: Elon Musk, —, Elon Organizations: Elon, Bloomberg, Service, Musk's, Business

☆ Chinese official slams EU probe into EV subsidies as 'selective'
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The Commission considers that the sample was selected in accordance with the WTO rules and the corresponding EU legislation in this regard," he said. "The Volkswagen Group confidently accepts the growing international competition, including from China, and sees this as an opportunity. The NDRC's Jin added that the EU anti-subsidy probe does not appear to be based off an industry or business complaint. "Consequently, the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a WTO-compatible manner," the EU statement said. The Biden administration in May announced it would raise tariffs on imports of Chinese electric cars from 25% to 100%.

Persons: Olof Gill, Gill, BEV, Oliver Zipse, Elon, Jin, EU's Gill, BEV producers, Biden Organizations: CNBC, WTO, Major, Volkswagen Group, EU, Volkswagen, U.K, BMW Group, BMW, SAIC, EV, EVs Locations: Union, China, Germany, Europe, Western Europe, Shanghai, EU, WTO

☆ Here's another reason for Elon Musk to support Trump
▼ + stars: | 2024-06-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

He also seems increasingly interested in Donald Trump, though he won't come out and say he's formally backing him. So here's another reason for him to move more firmly into the Trump camp: The US Securities and Exchange Commission, currently run by Biden appointee Gary Gensler, keeps dogging him. Caveats: The last time the SEC went after Musk, Trump was in the White House, and Trump appointee Jay Clayton was running the SEC. AdvertisementJust as important: The Journal piece includes lots of to-be-sures from legal experts about the difficulty of the SEC winning a case against Musk. But Musk would certainly prefer not having to go to court to find out.

Persons: —, Elon, Joe Biden, Donald Trump, he's, Trump, Biden, Gary Gensler, Tesla, Musk, Jay Clayton Organizations: Service, US Securities and Exchange Commission, Business, SEC, Twitter, SEC hasn't, Musk, Trump

☆ These are Elon Musk's top podcasts
▼ + stars: | 2024-06-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk shared some of his favorite podcasts and audiobooks on a recent livestream. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk recently shared some of his favorite podcasts, and —spoiler alert — they're mostly on the subject of history. "I like history podcasts in general," he said, according to one Tesla fan's recap of the 5-hour livestream. Any kind of narrative is just a story really, it's a story about reality or at least someone's perception of reality."

Persons: Elon Musk, — Organizations: Service, SpaceX

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

☆ Elon Musk seems pleased that Dubai police are now driving a Cybertruck
▼ + stars: | 2024-06-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Dubai is adding a Cybertruck to its fleet of luxury police vehicles. Elon Musk is thrilled, but the Tesla pickup is unlikely to be chasing down criminals anytime soon. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDubai has added a Cybertruck to its fleet of luxury police vehicles — much to Elon Musk's satisfaction. Its police force said on X it now had the Tesla as part of its "tourist police" patrol fleet, posting an image of a Cybertruck in green and white livery.

Persons: Elon Musk, Tesla, —, Elon Organizations: Service, Dubai Police General Command Locations: Dubai

☆ Forget Elon Musk’s record pay package from Tesla. More could be on the way.
▼ + stars: | 2024-06-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. “The chancellor found a number of defects in the process.”But Tesla shareholders also approved moving Tesla’s state of incorporation to Texas, partly in reaction to the Delaware decision. “What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time,” Tesla board chair Robyn Denholm wrote to Tesla shareholders ahead of the most recent vote. Ark Invest has a five-year target price for Tesla shares at $2,600 a share. Not everyone on that list got there through packages of stock options.

Persons: Elon Musk, Tesla, Chancellor Kathaleen McCormick, Musk, It’s, “ It’s, Samantha Crispin, Baker Botts, “, ” Musk, McCormick’s, Elon, ” Tesla, Robyn Denholm, ”, Tasha Keeney, ” Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Larry Page, Bill Gates —, Zuckerberg, McCormick Organizations: New, New York CNN, CNN, Tesla, ARK Invest, Elon, Invest, Microsoft, Apple, SpaceX, Amazon, Facebook Locations: New York, Delaware, Texas, “, Tesla

☆ Alex Jones’ Infowars survived a judge’s order, but the conspiracy outlet could still be shut down
▼ + stars: | 2024-06-17 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

Some of the Sandy Hook families had requested the judge move to liquidate Jones’ Free Speech Systems company. What happens to InfowarsFor now, nothing changes for Jones’ Infowars shows. Because of Jones’ bankruptcy, Free Speech Systems is now in the hands of a court-appointed trustee. “I do not now own Infowars,” Jones said during an “emergency” show on Saturday. But no matter what happens to the company, Jones still owes nearly $1.5 billion.

Persons: Alex Jones ’, Jones, Sandy, I’ve, Christopher Lopez, “, Lopez, Sandy Hook, ” Lopez, Jones ’, Sandy Hook –, It’s, ” Jones, ” Jay Westbrook, ” Westbrook, ” Marie Reilly, Anthony Fauci, Trump, Elon Musk, Tucker Carlson Organizations: CNN, Free Speech Systems, Systems, Speech Systems, University of Texas, Penn State University, National Institute of Allergy, Fox News Locations: Houston

☆ Elon Musk's Starlink success could lead to regulatory concerns, says Bradley Tusk
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Starlink success could lead to regulatory concerns, says Bradley TuskHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Elon Musk's, Bradley Tusk, Brian Sullivan, “ Organizations: Elon, CNBC

☆ CNBC Daily Open: Nasdaq record, $25 trillion Tesla?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq recordThe Nasdaq Composite hit its fifth consecutive record close, while the S&P 500 and Dow Jones Industrial Average saw slight declines. Consumer sentiment dropped in June, but hopes for cooling inflation boosted the S&P 500 and Nasdaq by 1.6% and 3.2% respectively for the week. Caterpillar and Boeing dragged down the Dow, while Carnival and Norwegian Cruise Line were the biggest laggards on the S&P 500. Tempus AI debutTempus AI, an AI-driven health-care diagnostics company, rose as much as 15% in its Nasdaq stock market debut.

Persons: Elon Musk, Recep Tayyip Erdogan, Fatih Aktas, Pavan Davuluri, Eric Lefkofsky, Adobe, Shantanu Narayen, Pope Francis Organizations: Turkish, United Nations, UN, Anadolu Agency, Getty, CNBC, Nasdaq, Dow Jones, Caterpillar, Boeing, Dow, Cruise Line, Microsoft, Windows, Google, China, Seven, JPMorgan Locations: New York, United States, Carnival, Russia

☆ CNBC Daily Open: Nasdaq record, Tesla future value?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Alain Jocard | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.

Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla

☆ WSJ's Tim Higgins: Investors are excited Elon Musk can bring some of his attention back to Tesla
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins: Investors are excited Elon Musk can bring some of his attention back to TeslaTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to approve CEO Elon Musk's pay package, whether this will be the return of the old Elon, what's next for Tesla, and more.

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

☆ Apple Is the First Giant Tech Company to Make Useful AI Products
▼ + stars: | 2024-06-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.

Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York

☆ Elon Musk has a lot to lose — or gain — based on who wins the presidential election
▼ + stars: | 2024-06-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.

Persons: —, Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ Why tariffs on Chinese EVs may not work
▼ + stars: | 2024-06-15 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. President Joe Biden last month introduced stiff tariffs on Chinese EVs, effectively doubling the list price, which can otherwise be as cheap as $11,500. The administration says Chinese firms have benefited from unfair government support, and Chinese EV imports threaten the Biden administration's big investments in EVs. But a few auto industry insiders are skeptical that tariffs will be able to hold off Chinese imports for long.

Persons: Dunne, Michael Dunne, Joe Biden, Sen, Sherrod Brown, Tesla, Elon Musk, Bill Russo, Donald Trump, Russo Organizations: Volvo, EV, Biden, Chrysler Locations: China, U.S, Sweden, EVs, Ohio, Shanghai, Beijing

☆ Elon Musk's pay package approval was a 'mistake' and Tesla needs to keep him in check, some institutional shareholders say
▼ + stars: | 2024-06-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewSome institutional Tesla shareholders told Business Insider that approving Elon Musk's record-shattering pay package was a mistake and that they have lingering concerns about Musk's ability to lead the company. Reuters reported that Vanguard, the largest institutional shareholder with a 7% stake in Tesla, voted to approve the pay package. Related storiesIt's unclear how many Tesla shares AkademikerPension owned as of June 14. Shareholders call for board oversightDuring Thursday's shareholder meeting, Musk challenged concerns from institutional shareholders, though he did not name specific investors. The California Public Employees' Retirement System, or CalPERs, which, according to the pension fund, owns about 9.2 million Tesla shares, has also been vocal about striking down Musk's pay package.

Persons: —, Elon Musk's, doesn't, Musk's, Tesla, Anders Schelde, James Murdoch, Kimbal, Musk, … they're, Brad Lander, Lander, CalPERS, Marcie Frost, isn't Organizations: Service, Business, Investors, Reuters, Vanguard, York, New, Retirement System, California Public Employees, Tesla Locations: Delaware, Danish, New York, York City, Tesla

☆ Tesla's shareholder vote is a positive for the stock, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's shareholder vote is a positive for the stock, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to approve CEO Elon Musk's $56 billion pay package, the impact on the stock, what's next for the company, and more.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Elon Musk's, what's

☆ Tesla shareholders restore CEO Elon Musk's pay: More legal battles to come?
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shareholders restore CEO Elon Musk's pay: More legal battles to come? Former SEC Chairman Jay Clayton joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to restore CEO Elon Musk's pay package, how the result could impact the judge's ruling in Delaware, what's next for Tesla, and more.

Persons: Elon Musk's, Jay Clayton, what's Organizations: SEC, Tesla Locations: Delaware

☆ It's all roses and rainbows today in Austin, one Tesla analyst says of Musk's mega payday vote
▼ + stars: | 2024-06-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Tesla's shareholders approved Elon Musk's $55 billion pay package and the company's move to Texas. Wedbush analyst Dan Ives called the result a "pop the champagne moment" for Tesla investors. AdvertisementAt least one analyst is extremely optimistic about how Tesla's shareholders voted. Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. The Tesla vote focused on two main issues: the company's move from Delaware to Texas, and approval of Musk's $55 billion pay package, which was largely seen as a referendum on his leadership.

Persons: Dan Ives, Ives, —, Elon Musk's Organizations: Elon Musk's, Service, Wedbush Securities, Tesla, EV, Business Locations: Texas, Delaware

☆ Here's what to expect following Elon Musk's $56 billion pay package approval
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what to expect following Elon Musk's $56 billion pay package approvalCarolyn Berger, former Delaware Supreme Court Justice, joins 'Squawk on the Street' to discuss what to expect regarding Elon Musk's pay package in the coming days and weeks.

Persons: Elon Musk's, Carolyn Berger Organizations: Elon, Delaware Supreme, Justice Locations: Delaware

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ Elon Musk now needs to prove Tesla is his real priority
▼ + stars: | 2024-06-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Tesla shareholders voted in favor of his huge pay package on Thursday. He'll now have to prove Tesla is his top priority if he wants them to keep backing him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe people have given Elon Musk what he wants. On Thursday, the billionaire jumped for joy at Tesla's annual meeting in Austin as the outcome of a high-stakes, long-anticipated vote went entirely in his favor — thanks to his people.

Persons: Elon Musk, He'll, Tesla, —, Elon, They'll Organizations: Service, Business Locations: Austin, Delaware, —, Texas

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