All Steve Beauchamp wanted was money for his family. And he thought Elon Musk could help. Mr. Beauchamp, an 82-year-old retiree, saw a video late last year of Mr. Musk endorsing a radical investment opportunity that promised rapid returns. He contacted the company behind the pitch and opened an account for $248. Through a series…
Few auto executives are as closely identified with the companies they manage as Elon Musk, the chief executive of Tesla, is. And probably none are more prolific in broadcasting their political views on social media. But as Mr. Musk’s public persona has become increasingly right wing, Tesla appears to be paying a price in sales,…
Tesla shareholders decisively backed proposals to affirm Elon Musk’s multibillion-dollar pay package, according to details of the vote released on Friday. Passage of the proposals was announced at Tesla’s annual shareholder meeting on Thursday, without the underlying totals. In the end, about 72 percent of voting shares backed the pay package, excluding stock owned by…
Tesla shareholders have reaffirmed a pay award of more than $45 billion for Elon Musk, the chief executive, after it was thrown out in a legal challenge. The vote result, announced at Tesla’s annual meeting in Austin, Texas, on Thursday, is a strong sign that shareholders still believe in Mr. Musk and it could persuade…
The Tesla shareholder vote over Elon Musk’s pay is in some ways a referendum on the performance of the company and its chief executive. But even before the vote concludes on Thursday, Tesla’s stock price shows that investors have plenty of doubts about Mr. Musk and the electric carmaker’s outlook. Tesla’s shares are down nearly…
Under Elon Musk’s leadership, Tesla popularized electric vehicles and became the most valuable auto company in the world. Mr. Musk became a billionaire many times over while generating huge profits for investors. Despite these achievements, Tesla’s shareholders may decide that Mr. Musk has been paid too much. In a vote whose results will be announced…
Elon Musk withdrew his lawsuit on Tuesday against OpenAI, the maker of the online chatbot ChatGPT, a day before a state judge in San Francisco was set to consider whether it should be dismissed. The suit, filed in February, had accused the artificial intelligence start-up and two of its founders, Sam Altman and Greg Brockman,…
As the speeches dragged on, eyes drifted to screens. Teenagers scrolled Instagram. One man texted his girlfriend. And men crowded around a phone streaming a soccer match while the group’s first female leader spoke. Just about anywhere, a scene like this would be mundane. But this was happening in a remote Indigenous village in one…
Elon Musk, Tesla’s chief executive, offered a personal tour of the electric carmaker’s factory in Austin, Texas, to select shareholders this week. “Please let us know if you have any questions about voting your Tesla shares!” Mr. Musk wrote on X, the social media platform he owns. It was just one of at least a…
X, the social media service owned by Elon Musk, will host live video town halls with former President Donald J. Trump and Robert F. Kennedy Jr. in the run-up to the U.S. presidential election, a major push into politics, according to a person familiar with the plans. The town halls, which will be produced in…
