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Union tries to seize control of works council at Tesla’s German factory
Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions Business live – latest updates Europe’s largest trade union is trying to gain control of the works council at Elon Musk’s Tesla gigafactory near Berlin, in an industrial relations showdown marked by lawsuits and mutual accusations of slander.…
What happened after Tesla opened a diner in Los Angeles?
The novelty of eating at a diner owned by the richest person in the world seems to have worn off in just a few months Less than six months since it opened, Elon Musk’s Tesla Diner has the feel of a ghost town. Gone is the Optimus robot serving popcorn, gone are the carnivore-diet-inspired “Epic…
Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic
How the tech CEO and ‘Dogefather’ made a mess of the year – from an apparent Nazi salute during his White House tenure to Tesla sales slumps and Starship explosions The year of 2025 was dizzying for Elon Musk. The tech titan began the year holding court with Donald Trump in Washington DC. As the…
Elon Musk’s massive 2018 Tesla pay package restored by Delaware court
Decision from state supreme court on deal once worth $56bn and now worth some $139bn overturns ruling that prompted angry Musk backlash Elon Musk’s controversial $56bn pay package from Tesla was reinstated by the Delaware supreme court on Friday, two years after a lower court struck down the vast compensation deal as “unfathomable”. The reinstated…
Tesla shareholders approve $1tn pay package for Elon Musk
Chants of ‘Elon’ erupt after compensation plan approved despite opposition from several high-profile investors Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it. The pay package, which several…
How Tesla shareholders could make Elon Musk the world’s first trillionaire
Shareholder votes on a pay package worth $1tn to be tallied 6 November – but it contains milestones beyond growing the company’s market cap If Elon Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire. That…
Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund
Carmaker’s seventh biggest single investor will vote against package at annual shareholder meeting Business live – latest updates Norway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon Musk. The fund, which is the biggest national wealth fund in the world, said that while…
Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund
Carmaker’s seventh biggest single investor will vote against package at annual shareholder meeting Business live – latest updates Norway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon Musk. The fund, which is the biggest national wealth fund in the world, said that while…
Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?
The world will be pushed into a recession, but perhaps we can build something more promising from the pieces The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan…