Tesla's stock price plummeted for two consecutive trading days, and the company's CEO Elon Musk's net worth shrunk by about 10.8 billion US dollars in two days. According to the Bloomberg Billionaires Index, as of Thursday's close, Musk's net worth was $179 billion. He was still the ...
Musk's $44 Billion Buyout of Twitter Faces U.S. Antitrust Review -Report More Reuters FILE PHOTO: Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. ...
The judge in Delaware Chancery Court ruled that the plaintiff, a Tesla shareholder named Richard Tornetta, was "entitled to rescission," approving the annulment of Musk's 2018 humongous compensation agreement worth as much as US$5...
In a Nov. 22, 2015, email to CEO Sam Altman, Musk, an OpenAI co-founder, said the company needed to raise much more than US$100 million to “avoid sounding hopeless.” Musk suggested a US$1 billion funding commitment and promised that he would cover whatever did not get raised. OpenAI...
Twitter’s Board has agreed to a takeover bid from Musk, which prices each Twitter share at US$54.20. BEIJING, April 26 (TMTPOST) — Veteran entrepreneur and billionaire Elon Musk has struck a deal with the Board of Twitter to acquire the social media company for US$44 billion in cash....
Since leaving OpenAI, Musk has joined the chorus of critics warning that superintelligence could spell the end for humanity. He also launched his own AI firm, xAI, last year and said he wanted to raise US$1 billion from investors. Sour...
His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware Chancery Court Judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board’s compensation committee wasn’t independent, among other factors. ...
At the end of 2021, Musk had a problem. He had exercised options from a stock bonus plan from Tesla that gave him about $25 billion worth of shares in the automaker. But that came with a price. “I will pay over $11 billion in taxes this year,” he later posted. ...
Despite reporting lackluster quarterly results, Cook acknowledged China as “the most competitive market in the world.” Apple’s revenue from China, although experiencing an 8.1% year-on-year decline to US$16.4 billion for the quarter, beat an...
Musk become the first billionaire whose net worth topped $400 billion, Bloomberg cited the Bloomberg Billionaires Index ranking the world ’ s richest people. The milestone mainly results from recent rallies of Tesla stocks. Most of Musk ’ s fortune is wrapped up in his holdings of Tesla. The...