musk
Tech billionaire Elon Musk will move the headquarters of two of his companies out of California to Texas, he said on Tuesday. Musk cited a new law in California which bans schools from requiring staff to disclose information about a child's gender identity as the reason SpaceX would move. "This is the final straw," he wrote on his social media platform X. "Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas," he wrote. "I did make it clear to Governor [Gavin] Newsom about a y...
DPA Breaking News
Washington (AFP) - Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley. US media reports indicate that Musk and a group of tech investors are contributing to a Super PAC -- a specially designed fund that can spend unlimited amounts on political candidates and causes. The Wall Street Journal reported that Musk plans to donate $45 million monthly to 'America PAC,' a fund focused on electing Trump, starting in July. Although Musk stated just months ago that he would n...
AFP
Tesla shareholders have again approved a multi-billion-dollar pay package for the US carmaker's chief executive Elon Musk, after the deal originally authorized in 2018 was overturned by a US court in January. The re-approval given at Tesla's annual general meeting on Thursday does not mean Musk will automatically receive the package as he may still face further legal challenges over the $56-billion deal. Shareholders also voted in favour of moving Tesla's legal headquarters from Delaware to Texas, the company said after the meeting. In 2018, a majority of 73% of shareholders voted in favour of...
DPA Breaking News
New York (AFP) - Electric automaker Tesla has launched a charm offensive to try to coax shareholders to vote Thursday for billionaire CEO Elon Musk's giant pay package, after the windfall was nixed in court. The company has mounted a social media campaign and even invited shareholders to enter a sweepstakes to win a tour of Tesla's Gigafactory in Texas, personally escorted by designer Franz von Holzhausen and Musk, on the eve of the annual meeting. The contest winners -- 15 shareholders picked at random -- will also have reserved seats at the June 13 meeting, at which investors will also vote ...
AFP
Washington (AFP) - The US Supreme Court on Monday declined to hear an appeal by Elon Musk of a settlement that requires the billionaire to have some of his social media posts about Tesla pre-approved by a company lawyer. The nation's highest court rejected the Tesla and X owner's appeal without comment. Musk was seeking to overturn restrictions imposed on him by the Securities and Exchange Commission (SEC) following a 2018 post on Twitter, now X. In the tweet, Musk said he had acquired funding to take Tesla private, which caused a spike in the company's stock price, but he did not provide any ...
AFP
Billionaire businessman Elon Musk, head of Tesla, held talks with Chinese Prime Minister Li Qiang in Beijing on Sunday after arriving unexpectedly aboard a private flight. During the talks, Li described Tesla's presence in China as "a successful example of Chinese-American economic and trade cooperation." Musk praised the "hard work" of his Chinese team in Shanghai, which had made the Tesla plant there the best performing in the company. Musk added that he was looking to enhance cooperation with China. Media reports indicated that the surprise visit had to do with data transfer issues. Accordi...
DPA International
Billionaire businessman Elon Musk, head of Tesla, held talks with Chinese Prime Minister Li Qiang in Beijing on Sunday after arriving unexpectedly aboard a private flight. During the talks, Li described Tesla's presence in China as "a successful example of Chinese-American economic and trade cooperation." Musk praised the "hard work" of his Chinese team in Shanghai, which had made the Tesla plant there the best performing in the company. Musk added that he was looking to enhance cooperation with China. Media reports indicated that the surprise visit had to do with data transfer issues. Accordi...
DPA Breaking News
Billionaire businessman Elon Musk, head of Tesla, held talks with Chinese Prime Minister Li Qiang in Beijing on Sunday after arriving unexpectedly aboard a private flight. During the talks, Li described Tesla's presence in China as "a successful example of Chinese-American economic and trade cooperation." Musk praised the "hard work" of his Chinese team in Shanghai, which had made the Tesla plant there the best performing in the company. Musk added that he was looking to enhance cooperation with China. Media reports indicated that the surprise visit had to do with data transfer issues. Accordi...
DPA
Billionaire Elon Musk unexpectedly landed in Beijing aboard a private flight on Sunday. Musk, who runs leading electric vehicle company Tesla among other ventures, will reportedly meet Ren Hongbin, president of the China Council for the Promotion of International Trade (CCPIT), for negotiations during the visit, according to Chinese state television. His visit also coincides with the Beijing Auto Show, China's largest automotive industry event, although it remains unclear whether Musk plans to visit the trade fair. China remains the second-largest market for Tesla vehicles, and is also a major...
DPA International
Billionaire Elon Musk unexpectedly landed in Beijing aboard a private flight on Sunday. Musk, who runs leading electric vehicle company Tesla among other ventures, will reportedly meet Ren Hongbin, president of the China Council for the Promotion of International Trade (CCPIT), for negotiations during the visit, according to Chinese state television. His visit also coincides with the Beijing Auto Show, China's largest automotive industry event, although it remains unclear whether Musk plans to visit the trade fair. China remains the second-largest market for Tesla vehicles, and is also a major...
DPA Breaking News
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