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Musk's Tesla pay was structured without a salary to involve 12 stock option awards that would only be given once performance goals for each of them were met. Though Musk can appeal the decision, there are signs that this battle is about more than just the massive pay package that has propelled him to a $205 billion fortune. The carmaker is currently worth $600 billion, up from roughly $50 billion in 2018, when Musk received his pay plan. So it's reasonable to take Musk at face value when he says his Tesla pay, as McCormick put it, is a "means of bankrolling that mission." Closer to home, Musk's legal battle could trigger a rethink of where Corporate America goes to do business.
Persons: , Elon, Thomas Jefferson, Tesla, Richard Tornetta —, Musk, Judge Kathaleen McCormick, Musk's Tesla, Chandan Khanna, , Judge McCormick, McCormick, DealBook, that's Organizations: Service, The, The Diamond State, Business, SpaceX, Toyota, Delaware Inc, Corporate America Locations: Delaware, The Diamond, Tesla, Mars, America's, America, Nevada, Texas
Read previewSome Tesla owners aren't too happy about a recent software update that targets the carmaker's driver-assist feature. AdvertisementAnother Tesla owner, Christian Fielden, told the Journal the update made him feel like his car was "bullying" him. The publication said it found at least 30 Tesla owners had filed complaints about the update with US automotive safety regulators. Tesla fans have also started criticizing the update on social media, with some blaming the update on safety regulators, who have been critical of Tesla's Autopilot and Full Self-Driving features. Tesla has warned that its Autopilot feature and its Full Self-Driving add-on require a licensed operator and are not a substitute for a driver.
Persons: , Tesla, Larry Pecan, he's, Christian Fielden, Elon, @elonmusk, GtCZxtPrzu — Rodney Niya Organizations: Service, Business, Wall Street Journal, Safety
Elon Musk told Tesla investors the Optimus robot lab looks like something out HBO's "Westworld." Musk recently posted a video of its Optimus lab showing a robot folding a shirt. AdvertisementElon Musk said Tesla's humanoid robot lab looks like something out of the HBO drama "Westworld." The caption says the Optimus lab team is made up of "roboticists" including engineers, technicians, actuator designers and robot design modelers. While little detail is known about the Optimus lab, Tesla was hiring for more than 50 robotics roles last year and many of the jobs were based in Palo Alto, California, its careers page showed.
Persons: Elon Musk, there's, Musk, , he's, Tesla, Drew Baglino, 3F5o3jVLq1 — Elon, Optimus Organizations: Optimus, Service, YouTube, Investors, Business Locations: Palo Alto , California
Some images on X were labeled as "graphic content" due to a "scam bot," Elon Musk said. It's the latest technical problem to hit X since Musk took control of the social media site. The social media site said numerous posts were "incorrectly labeled" as "sensitive media" in the latest technical problem, which Elon Musk blamed on a "spam/scam bot." pic.twitter.com/hpvzMBPwxS — Josiah Kennealy (@JosiahKennealy) January 21, 2024Musk acknowledged the issues in an X post , writing that "an X spam/scam bot accidentally flagged many legitimate accounts today. We've fixed the underlying issue and are now working to remove labels from impacted posts," X said.
Persons: Elon Musk, Musk, , hpvzMBPwxS, Josiah Kennealy Organizations: Service
Read previewThe World Economic Forum in Davos is in full swing, but one of the great and good is not in Switzerland this week: Elon Musk. Grok roasts Klaus Schwab at WEF pic.twitter.com/zzpaNTWnKm — Elon Musk (@elonmusk) January 18, 2024However, Musk was full of praise for one Davos attendee : Argentine president Javier Milei. It received plenty of legitimate criticism , but also sparked conspiracy theories that believe it is a sinister plan by elites to use the Covid-19 pandemic to control the world. Comments under his X post "roasting" Schwab also featured several posts alluding to conspiracy theories surrounding the WEF. The World Economic Forum did not immediately respond to a request for comment from Business Insider.
Persons: , Elon, Klaus Schwab, Grok roasts Klaus Schwab, zzpaNTWnKm — Elon, Musk, Javier Milei, D254kMpgDh — Elon, Milei, who's, Schwab, chatbot, hadn't, He's, Prince, Wales Organizations: Service, Economic, Business, World Economic Locations: Davos, Switzerland, WEF, Argentine, Argentina
Elon Musk posted a video of the Tesla robot Optimus appearing to fold a shirt. AdvertisementElon Musk admitted that a video showing Tesla's Optimus robot folding a shirt is "not yet" possible, leaving online observers to wonder how the video was created at all. In a short video posted Monday to X, formerly known as Twitter, the Tesla robot stands at a table, slowly folding a black shirt, seemingly without assistance. Musk simply said of the video, "Optimus folds a shirt." Musk has shared videos of Tesla's Optimus robot in the past performing tasks like yoga stretches, squats and picking up an egg.
Persons: Elon Musk, Musk, , 3F5o3jVLq1 — Elon, Marques Brownlee, Brownlee, Tesla, Gromit, Lex Friedman Organizations: Service, Twitter, Tesla, Wallace
Walmart has joined the growing list of companies suspending their ads on X. It comes after Elon Musk appeared to endorse an antisemitic post. Musk said that it was "a mistake" and "one of the most foolish things" he'd done on the platform. AdvertisementWalmart announced on Friday that it will stop advertising on Elon Musk's social media platform X, formerly known as Twitter. AdvertisementMusk has since said the post was a "mistake" and "one of the most foolish things" he'd done on the platform.
Persons: Elon Musk, Musk, , Joe Benarroch, — Elon, Lina Yaccarino, Ross Gerber, Tesla, he'd, I've Organizations: Walmart, Service, Elon, Bloomberg News, Disney, Apple, IBM, Warner Bros, CBS, The New York Times
Bill Ackman thinks advertisers, including Disney, are treating Elon Musk's X unfairly. Ackman defended Musk, saying the X owner did not have "antisemitic intent." Until a share of X can be distributed to each American, Ackman thinks should be grateful Musk owns X. AdvertisementOnce again, hedge fund manager Bill Ackman is defending Elon Musk and his leadership of X. AdvertisementIn his post, Ackman again defended Musk, saying the X owner did not have "antisemitic intent."
Persons: Bill Ackman, Elon Musk's, Ackman, Musk, , Elon Musk, that's, @andrewrsorkin, @tiktok_us @instagram, Rtrv4WgEoK, Bob Iger, Instagram Organizations: Disney, Service, Elon, Apple, IBM, Media, New York Times, Facebook, Defamation League, Center, Musk, Business
Elon Musk said on Wednesday that advertisers who are abandoning X can go "fuck" themselves. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Musk didn't directly answer, but said "If the company fails because of advertiser boycott, it will fail … and it will be gone." AdvertisementMusk didn't answer the other key question he was asked: "Is there any part of you that says, 'Maybe I should sell [X] or give it away?" What we don't know — and Musk wouldn't really answer — is how this final stage could play out.
Persons: Elon Musk, , Musk, Andrew Ross Sorkin, Linda Yaccarino, Yaccarino, @elonmusk, Tesla, there's, I'm Organizations: Twitter, Service
Charlie Munger once said that Elon Musk "likes taking on the impossible job and doing it." But the late Munger said he and Warren Buffett didn't want to emulate Musk's lifestyle. Munger, Warren Buffett's longtime business partner, died at 99 on Tuesday. We have a wholly different way of going about life," Munger said. "Appreciate the kind words from Warren and Charlie," Musk wrote in response to a video of Buffet's and Munger's comments back in May.
Persons: Charlie Munger, Elon, Munger, Warren Buffett, , Warren Buffett's, Warren, Buffett, Bill Maher, It's, s8NdiI5WcL — Sawyer Merritt, Charlie, Musk, Berkshire Hathaway, Duke Organizations: SpaceX, Service, Musk, Elon, Berkshire, CNBC, Business Insider Locations: Munger, Berkshire, Westchester
Elon Musk is cosplaying statesmanship. Elon Musk (L) meets with Israeli President Isaac Herzog (R) on November 27, 2023 in Jerusalem, Israel. Ironically, the Irish PM hates the Irish people — Elon Musk (@elonmusk) November 24, 2023As an approach to business development, none of this looks particularly sure-footed. — Elon Musk (@elonmusk) November 19, 2023Esther Solomon, editor-in-chief of Israeli newspaper Haaretz, labelled Musk a "blatant antisemite" and slammed Netanyahu for entertaining the tycoon. Blatant antisemite & publisher of antisemitism Elon Musk should be persona non grata in Israel.
Persons: Elon Musk, He's, , Benjamin Netanyahu, Musk, Kfar, Isaac Herzog, Handout, Bibi, Shlomo Karhi, — Elon, Starlink, Drew Harris, Leo Varadkar, Esther Solomon, Netanyahu, Elon, zGc10w8Y9H, XMkitJclUt — Esther Solomon, @EstherSolomon Organizations: Service, Israeli, Kfar Aza, Gaza, Garda, PM, White, Haaretz Locations: Israel, Gaza, Jerusalem, Ukraine, Dublin, Ireland
A Vietnamese man built a fully functional replica of Tesla's Cybertruck out of wood. AdvertisementThe long-awaited Tesla Cybertruck is finally due to arrive in just a few days. The exterior of the wooden Tesla Cybertruck. It seems building a wooden Tesla replica does catch Musk's attention. After creating a wooden replica of the Audi Skysphere he was invited to meet with the company's head of design.
Persons: Truong Van Dao's, Elon Musk, , Van Dao, Mercedes AVTR, Dao, Tesla, ❤️ — Elon, Business Insider's, Musk Organizations: Service, YouTube, Tesla, Audi, Business Locations: Bac Ninh, Vietnam
Elon Musk hit back at the PM, saying he "hates the Irish people." AdvertisementElon Musk said that Ireland's Prime Minister Leo Varadkar "hates the Irish people" after he called for incitement to hatred legislation to be updated as violence erupted across Dublin city center this week. Brian Lawless - PA Images / GettyIn response to the riots, Varadkar called for laws on incitement to hatred to be modernized. Elon Musk has since weighed in on Varadkar's comments, saying in a post on X, formerly Twitter, that the prime minister "hates the Irish people." AdvertisementIronically, the Irish PM hates the Irish people — Elon Musk (@elonmusk) November 24, 2023"The current Irish government clearly cares more about praise from woke media than their own people," Musk added in another post.
Persons: Ireland's, Elon Musk, , Leo Varadkar, Drew Harris, Harris, Brian Lawless, Varadkar, it's, — Elon, tDqVn2OmR0 — Kevin Doyle, @KevDoyle_Indo, Caio Benicio Organizations: Twitter, Service, Ireland's, Advertisement, Irish Independent, Politico, PM, Black Americans, Defamation League, New York Times, BBC News NI Locations: Dublin, Ireland, Irish, Algeria, Brazil
Elon Musk says X is going to display article headlines for links posted on the platform again. The about-turn comes less than two months after X stopped displaying article headlines in October. AdvertisementElon Musk says X is going to start displaying article headlines for links posted on the platform again. The announcement comes just less than two months after X stopped displaying article headlines in October. — Elon Musk (@elonmusk) August 22, 2023When an X user teased Musk for reversing his own decision, Musk said that the article headlines would be displayed differently this time.
Persons: Elon Musk, X, Musk, , ince, witter B Organizations: Service, ust Locations: lon, usk
Several large companies have pulled ads on X after Elon Musk reposted an antisemitic remark. AdvertisementAndrew Tate has stepped in to pledge funds to Elon Musk's X after antisemitism row caused several major companies to pull ads from the platform. Since returning to X, Tate seems to be earning a significant amount under Elon Musk's content-creator plan, claiming he received $20,000 during one payout. Several right-wing figures stepped in to express support for Musk, including Seth Dillon, the CEO of satirical site Babylon Bee, and commentator Tim Pool. "I will advertise X on X," he wrote on X.
Persons: Elon Musk, influencers, Andrew Tate, Tate, , Elon Musk's, Musk, Jack Dorsey, Seth Dillon, Tim Pool, Tate —, Tristan Organizations: Service, Elon, Elon Musk's, Disney, Apple, IBM, Bloomberg, Sun Locations: Romania
Elon Musk poked fun at Sam Altman and OpenAI following his shock departure. Altman was fired by the board over Google Meet, despite Microsoft investing billions in OpenAI. — Elon Musk (@elonmusk) November 20, 2023Musk seems to have been reveling in the drama surrounding the firing of Altman. AdvertisementAltman was fired by OpenAI's board on Friday, after board members said he had not been "consistently candid" in his discussions with them. Elon Musk has expressed similar concerns in the past, and has called on the board to explain its reasoning for firing Altman .
Persons: Elon, Sam Altman, OpenAI, Altman, , Elon Musk, OpenAI —, Satya Nadella's, Greg Brockman, — Elon Organizations: Google, Microsoft, Service
(In response, Musk threatened a “thermonuclear” lawsuit, but as of this writing does not appear to have filed one.) Abhorrence of the Jewish state slips easily into abhorrence of Jews. On the right, though, there’s a mirror image of this slippage, with some defenders of the Jewish state willing to make excuses for antisemites so long as they champion Israel. Prime Minister Benjamin Netanyahu of Israel has regularly embraced nationalist leaders who deploy antisemitic tropes, Donald Trump chief among them. It’s hard to figure out who is behaving more cynically, Musk or the Jewish leaders who are koshering him.
Persons: Charles Weber, ‘ Hitler, ’ ” Weber, Elon Musk, , George Soros, Magneto —, Soros’s, Musk, Pepe, Kanye, Ye, Israel, I’ve, Los Angeles —, John Hagee, Adolf Hitler, Karl Marx, , Hagee, Benjamin Netanyahu, Donald Trump, Jonathan Greenblatt, Amichai Organizations: Twitter, West, Anti, Defamation League, Media, America, ADL Locations: America, Israel, Palestine, Gaza, France, Montreal, Los Angeles, Washington, , Pittsburgh
OpenAI fired its CEO Sam Altman on Friday. Elon Musk said that OpenAI should explain why it fired Altman, citing AI's potential dangers. Musk previously said he left the OpenAI board in 2018 over safety concerns. AdvertisementElon Musk said that the potential danger of AI is so great that OpenAI, the most powerful artificial intelligence company in the world right now, should disclose the reason it fired CEO Sam Altman. It's worth noting, though, that Musk's own AI company will likely only benefit from the current chaos at OpenAI.
Persons: OpenAI, Sam Altman, Elon Musk, Altman, , David Sacks, Elon, Musk, Ilya Sutskever — Organizations: Service, CNBC
Elon Musk has promised to file a "thermonuclear" lawsuit against media watchdog group Media Matters for America. The group said that ads from major companies were appearing alongside pro-Nazi content on X.Musk claimed the group had manipulated the research and said it was "pure evil." AdvertisementElon Musk said X would be filing a "thermonuclear" lawsuit against the nonprofit media watchdog group Media Matters for America after the organization reported that the platform was placing ads from major companies next to pro-Nazi content. "The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company," he wrote on X on Saturday. In a lengthy statement posted on X, Musk said the report "misrepresented the real user experience" on the platform, saying it was an attempt to "undermine freedom of speech" and "mislead advertisers."
Persons: Elon Musk, Musk, , 55vl7PspaQ — Elon, Adolf Hitler Organizations: Media, America, Service, X Corp, Nazi Party, Center, Defamation League
Multiple advertising agencies and large companies have since pulled their content from the site. AdvertisementElon Musk's response to an antisemitic comment on X is coming with a hefty price tag as multiple large companies pull their advertisements from X.Disney is the latest company to follow suit. The situation initially unfolded this week, when Musk responded to a post that said Jewish people were pushing "hatred against whites." Disney is only one company pulling its ads — other large companies backing out include IBM, Apple, and Lionsgate. It found that ads from multiple large companies were being placed side-by-side with white supremacist and antisemitic content.
Persons: Elon Musk, , Elon, Musk, Linda Yacaccarino, Dustin Moskovitz, Ross Gerber, I've, Gerber Organizations: Disney, New York Times, Service, The New York Times, IBM, Apple, Lionsgate, Warner Bros, CNN, Media, Facebook
"You have said the actual truth," Musk told a user who criticized "western Jewish populations." On Wednesday, Musk responded to an antisemitic post by a verified X user, @breakingbaht, with the words "You have said the actual truth." Why dont you say it to our faces… pic.twitter.com/WGkwTrXyTF — Charles Weber (@CWBOCA) November 15, 2023Another X user, @breakingbaht, replied to this post: "Okay. The ADL unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people and Israel. Commenting directly on the Musk exchange, ADL CEO Jonathan Greenblatt wrote on X that it was "indisputably dangerous" for influential people "to validate and promote antisemitic theories."
Persons: Elon Musk, Musk, Rich, he's, , Charles Weber, Hitler, WGkwTrXyTF — Charles Weber, I'm, Elon, — Elon, Ben Gidley, Gidley, It's, " Gidley, Jonathan Greenblatt, Dustin Moskovitz, Muskovitz, Ross Gerber, Kristin Hull, Hull Organizations: Service, NFL, Foundation, Combat, Defamation League, ADL, Birkbeck , University of London, Facebook, Bloomberg, IBM Locations: Israel, Gaza
The 300 satellites will orbit at a much lower altitude than their competitors. AdvertisementA Chinese company plans to launch the first of 300 very low orbit satellites next month in a rival constellation to Elon Musk's Starlink network. China Aerospace Science and Industry Corp plans to put 192 satellites in orbit by 2027, with 300 by 2030, the outlet reported. But for now China remains far behind Elon Musk's Starlink constellation. It will be able to carry the new generation of larger Starlink satellites.
Persons: Elon Musk, , Elon Musk's, Chance Saltzman, Elon, Musk, gIpnubscWa — Elon Organizations: Elon, Service, China Aerospace Science, Industry Corp, Bloomberg, SpaceX, Space Operations Locations: China
A video of Tesla's Cybertruck struggling to make it up a dirt hill went viral on Friday. On Wednesday, Ford CEO Jim Farley appeared to shade the rival carmaker with his own off-road demo. On Wednesday, Ford CEO Jim Farley appeared to shade the rival carmaker by posting a video of the F-150 Lightning, his company's flagship electric vehicle, making its way up a very similar dirt hill. 👍 pic.twitter.com/uCMUSxUIpj — Jim Farley (@jimfarley98) November 15, 2023He captioned the video, "F-150 Lightning does it all." The F-150 Lightning was released to consumers in 2022, and is the company's first fully electric pickup truck.
Persons: Tesla's Cybertruck, Jim Farley, , Elon Musk, Tesla, ord Organizations: Ford, Service, EO Locations: Hollister
A Swedish union is leading strikes against Tesla to secure a collective labor agreement. AdvertisementAdvertisementTesla is facing growing strike action in Sweden over its refusal to accept a collective labor agreement. Not all Tesla employees are participating in the strikes, however. Musk has consistently rejected calls for his staff to unionise, tweeting in 2018 that Tesla employees could lose their stock options if they did so. The factory has reportedly seen an unusually high number of work-related accidents and IG Metall says union signups among Tesla workers have surged.
Persons: Tesla, , Elon Musk's, Musk, Elon, Christiane Benner, Metall, Benner Organizations: Service, IF Metall, Tesla, The New York Times, Metall, UAW, Bloomberg, United Auto Workers Locations: Sweden, Swedish, tweeting, Europe, Berlin
Musk announced on X that his new AI model, Grok, would be available to a 'select group' on Saturday. Once the model is out of "early beta" it'll be available to all "X Premium+ subscribers," Musk said. Its main advantage over other chatbots is that it has "real-time access to X," Musk said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk noted that Grok's "massive advantage" over other AI models is that it has "real-time access" to X. Grok also "loves sarcasm" and has been designed to have a "little humor" in its responses, Musk noted in his post.
Persons: Musk, , Bard, Claude, Grōk — Elon, Elon Musk, Elon, Tesla, Grok, I'm, Grok cheekily, WqXxlwI6ef — Elon, Robert A, Heinlein, Istvan Csicsery Organizations: Service, Oxford English
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