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Tesla Announces Plans to Give Elon Musk $1 Trillion

futurism.com Unknown 2025-10-12 22:40:07

Tesla's board has proposed an unprecedented pay package for its CEO Elon Musk: around $1 trillion worth of shares, Bloomberg reports. It's a major escalation in the firm's increasingly desperate attempts to encourage its highly divisive leader to stick around and stay attentive. That's despite Tesla's core business imploding over the past year, largely the result of Musk's alienating behavior and surging international competition. "Simply put, retaining and incentivizing Elon is fundamental to

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Tesla offers $1 trillion to Elon Musk to unleash his army of robots

theverge.com Andrew J. Hawkins 2025-10-13 07:29:59

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Elon Musk could become the world’s first trillionaire if Tesla shareholders approve a new pay package that was just put forward by the company’s board. Musk would need to meet certain milestones in order to receive that eye-popping compensation, such as producing 1 million robotaxis and 1 million humanoid robots, as well a

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Tesla shareholders to vote on investing in Musk’s AI startup xAI

techcrunch.com Rebecca Bellan 2025-10-13 07:23:20

Tesla shareholders will soon vote whether to let the electric vehicle maker invest in Elon Musk’s AI startup xAI, a proposal pitched as a way to strengthen Tesla’s ambitions in AI, robotics, and energy. Listed in Tesla’s proxy statement alongside a company-backed push to raise Musk’s 10-year pay package to $1 trillion, the proposal comes from Stephen Hawk, a Florida shareholder with a $2,000 stake of common stock. His supporting statement reads: Tesla’s integration of Grok into its vehicles de

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Tesla Offers ONE TRILLION DOLLAR Pay Package to Elon Musk (If He Can Stay Focused)

gizmodo.com Bruce Gil 2025-10-13 11:45:40

Tesla’s board is asking shareholders to sign off on a massive, unprecedented pay package that could turn its CEO, Elon Musk, who is already the world’s richest man, into the first trillionaire. If the plan is approved, Musk would need to reach several performance benchmarks over the next 10 years to get the full payout. The board said in a securities filing on Friday that the pay package’s primary goal is to retain “Mr. Musk to lead Tesla through its next phase of transformational growth.” In

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Tesla's nearly $1 trillion new pay plan for Musk would expand his voting power

cnbc.com Lora Kolodny 2025-10-14 00:59:06

Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday. The total package is worth about $975 billion based on the maximum payout, assuming share count remains. The proposed plan for Musk, already the world's wealthiest individual, consists of 12 tranches of shares to be granted if Tesla hits certain milestones over the next decade. It would also give Musk increased voting power over the EV maker and aspiring robotics ti

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Tesla proposes new pay package for Elon Musk worth up to $1T

techcrunch.com Sean O'Kane 2025-10-14 00:11:09

Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI. The company has tied the compensation to a number of benchmarks, one of which involves increasing Tesla’s overall valuation from around $1 trillion to more than $8 trillion. The plan would grant Musk more than 423 million additional shares in the company, boosting his level of control to a

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Donald Trump Snubs Elon Musk Yet Again, Invites All of His Biggest Competitors to the White House

futurism.com Unknown 2025-10-13 23:04:03

Donald Trump Snubs Elon Musk Yet Again, Invites All of His Biggest Competitors to the White House Musk's biggest competitors were invited to the White House — but he wasn't. President Donald Trump is throwing a major party in the White House's recently paved-over Rose Garden for some of the biggest names in tech — but billionaire Elon Musk's name isn't on the list. As The Hill first reported, the upcoming event will see high-profile tech executives swing by for a visit, including Microsoft co

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Elon Musk Denies He Was Snubbed From Guest List at White House AI Event

gizmodo.com Lucas Ropek 2025-10-14 23:50:31

An upcoming White House event on AI will feature some of Silicon Valley’s most influential executives, including Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, and Microsoft founder Bill Gates. Notably absent from the guest list, however, is Elon Musk. That’s according to The Hill, which reported on Wednesday that, in addition to Zuck, Cook, and Gates, OpenAI founder Sam Altman, Musk’s avowed enemy , has also been invited. Musk, however, claims that he was, in fact, invited to the event, but it

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Musk Stakes Tesla Future on One Major Gamble

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-15 15:40:08

In a striking shift of narrative, Elon Musk has declared that Tesla’s future valuation will derive 80% from its Optimus humanoid robots, not its electric vehicle business. This declaration, made in tandem with the release of Tesla’s “Master Plan Part IV,” shifts the spotlight firmly to robotics and AI as the company’s aspirational core. Optimus has morphed from a speculative experiment into Tesla’s defining strategic centerpiece. Musk envisions deploying “thousands” of robots in factories by y

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A Strange Conspiracy Theory Is Reportedly Spreading Inside OpenAI

futurism.com Unknown 2025-10-16 18:09:20

Paranoia is as natural to Silicon Valley as lip fillers are to Los Angeles. In the Bay Area, you can't throw a rock without hitting a startup founder convinced everyone is out to steal his ideas or poach his staff — a state of mind reaffirmed by the fact that sometimes, people very much are trying to rip off their competitors. Until the last few years, OpenAI and its CEO, Sam Altman, seemed above that fracas. Altman's sanguine predictions about artificial general intelligence (AGI), a benchmark

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Tesla Just Published a New "Master Plan" and Um, How Do We Say This

futurism.com Unknown 2025-10-16 22:21:18

Elon Musk's Tesla has revealed its new "master plan" — and it's so chock-full of meaningless corporate buzzwords, we can't help but suspect that it was generated by an AI chatbot. The so-called "Master Plan Part IV" follows up on Musk's preceding "master plan" installment, which underwhelmed investors back in early 2023 with a vague promise to greatly streamline manufacturing, the consequent release of a cheaper EV, and in-house lithium refinement for batteries. The embattled company's followu

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OpenAI Gets Conspiracy-Brained, Sues Nonprofits

gizmodo.com Aj Dellinger 2025-10-19 07:15:25

Sam Altman and Elon Musk have been locked in an ongoing standoff over the fact that OpenAI has operated like a for-profit business despite its nonprofit status. The fight, which has been ongoing in the court of public opinion for years and in the actual courts for months, is starting to rack up collateral damage. According to a report from the San Francisco Standard, critics of OpenAI have started receiving subpoenas from the AI firm over what the company’s leadership seems to believe is a consp

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Tesla’s 4th ‘Master Plan’ reads like LLM-generated nonsense

techcrunch.com Sean O'Kane 2025-10-19 04:18:12

Tesla has published its fourth “Master Plan,” and at a high level it is about how the company wants to lead the charge into planet-wide adoption of humanoid robots and sustainable energy. But the post lacks an important building block of plans: specifics. Even CEO Elon Musk agrees. In one of his only posts about the plan since it was published on Monday — sandwiched in between a steady stream of transphobia and immigration panic — he agreed it was fair to criticize the lack of specifics and sa

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Tesla Dojo: The rise and fall of Elon Musk’s AI supercomputer

techcrunch.com Rebecca Bellan 2025-10-19 08:18:46

For years, Elon Musk has spoken of the promise of Dojo, the AI supercomputer that was supposed to be the cornerstone of Tesla’s AI ambitions. It was important enough to Musk that in July 2024, he said the company’s AI team would “double down” on Dojo in the lead-up to Tesla’s robotaxi reveal, which happened in October. After six years of hype, Tesla decided last month to shut down Dojo and disband the team behind the supercomputer in August 2025. Within weeks of projecting that Dojo 2, Tesla’s

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Tesla’s new ‘Master Plan’ sounds like AI slop

theverge.com Andrew J. Hawkins 2025-10-19 19:12:59

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. Tesla’s latest “Master Plan” makes a few things clear right out of the gate: the company that was once known for accelerating the push toward a brighter future by popularizing electric vehicles and renewable energy is no longer interest

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Tesla’s fourth ‘Master Plan’ reads like LLM-generated nonsense

techcrunch.com Sean O'Kane 2025-10-19 19:18:12

Tesla has published its fourth so-called “Master Plan,” and at a high level it is about how the company wants to lead the charge into planet-wide adoption of humanoid robots and sustainable energy. But the post lacks an important building block of plans: specifics. Even CEO Elon Musk agrees. In one of his only posts about the plan since it was published on Monday — sandwiched in between a steady stream of transphobia and immigration panic — he agreed it was fair to criticize the lack of specif

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Tesla Dojo: the rise and fall of Elon Musk’s AI supercomputer

techcrunch.com Rebecca Bellan 2025-10-19 23:18:46

For years, Elon Musk has spoken of the promise of Dojo, the AI supercomputer that was supposed to be the cornerstone of Tesla’s AI ambitions. It was important enough to Musk that in July 2024, he said the company’s AI team would “double down” on Dojo in the lead-up to Tesla’s robotaxi reveal, which happened in October. After six years of hype, Tesla decided last month to shut down Dojo and disband the team behind the supercomputer in August 2025. Within weeks of projecting that Dojo 2, Tesla’s

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Tesla’s Dojo, a timeline

techcrunch.com Rebecca Bellan 2025-10-19 23:39:01

Elon Musk doesn’t want Tesla to be just an automaker. He wants Tesla to be an AI company, one that’s figured out how to make cars drive themselves. Crucial to that mission was Dojo, a custom-built supercomputer designed by Tesla to train its Full Self-Driving (FSD) neural networks. FSD isn’t actually fully self-driving; it can perform some automated driving tasks, but still requires an attentive human behind the wheel. But Tesla thinks with more data, more compute power and more training, it ca

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Musk looks past Tesla sales slump, says 80% of value will come from Optimus

cnbc.com Ari Levy 2025-10-20 07:01:04

A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have yet to hit the market, will eventually make up more than three-quarters of his automaker's value. In a post on X on Monday, Musk wrote, "~80% of Tesla's value will be Optimus." In mid-

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Concern Grows That Elon Musk Is Having Some Kind of AI Meltdown

futurism.com Unknown 2025-10-23 18:20:36

With all the frenzied news swirling around these days, it's understandable if you let Elon Musk slip from the top of your mind. While the billionaire's mental state was arguably frayed during his stint as DOGE czar — thanks in no small part to what's been reported as a constant stream of illicit drugs — it's become visibly more concerning since his dramatic departure earlier this summer. Seemingly trying to distract himself from the decline of Tesla, the world's richest man has embarked on a n

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SpaceX’s Next Big Trick: Catch the Starship Upper Stage With ‘Chopsticks’

gizmodo.com Ellyn Lapointe 2025-10-23 19:46:04

SpaceX finally broke out of a serious Starship slump on Tuesday, acing the rocket’s 10th flight after months of failed attemps. Now, CEO Elon Musk has set his sights on the next big challenge: catching Starship’s upper stage with Mechazilla’s “chopstick” arms. In an X post on Wednesday, August 27, Musk said the next opportunities to attempt this feat would likely be flights 13 through 15, depending on how well V3—the next iteration of Starship—performs. The Starship launched Tuesday was a V2, w

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The White House reportedly ordered xAI's Grok to be approved for government use

engadget.com Unknown 2025-10-24 07:56:25

Despite some fallout between President Trump and Elon Musk, the White House appears to still be in Musk’s corner. Wired is reporting , based on documents obtained by the outlet, that the White House allegedly directed leadership at the General Services Administration (GSA) to include xAI's Grok on its list of approved AI vendors. xAI is owned by Elon Musk and was not included in the slew of approvals the GSA issued in August that saw the agency add OpenAI, Google and Anthropic to its list of ve

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Elon Musk Hopes to Wriggle His Way Out of Allegations He Duped Twitter Investors

gizmodo.com Bruce Gil 2025-10-24 06:50:48

Elon Musk’s lawyers are seeking to get a lawsuit from the U.S. Securities and Exchange Commission (SEC) against the Tesla CEO and X owner tossed out. The case, filed right before President Donald Trump took office this year, centers on Musk’s purchases of Twitter stock before his eventual takeover of the social network in 2022. The SEC alleges that Musk cheated investors by quietly amassing more than a 5% stake in Twitter without disclosing it within the regulated time frame. By law, once someo

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Musk files to dismiss lawsuit over his purchase of Twitter shares

feeds.bbci.co.uk Unknown 2025-10-25 08:09:32

Musk files to dismiss lawsuit over his purchase of Twitter shares Musk's lawyers, filing shortly before the court's deadline for his response, called the lawsuit "a waste of this Court's time and taxpayer resources". It said this had allowed him to save about $150m (£123m) by purchasing shares in Twitter - which he bought outright months later and renamed X - at "artificially low prices". The US Securities and Exchange Commission (SEC) said in a January complaint that Musk failed to disclose

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Tesla FSD turns off more U.S. consumers than it attracts, survey finds

cnbc.com Lora Kolodny 2025-10-25 08:05:17

Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Elon Musk's fervent promotion of Tesla 's self-driving technology isn't doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that Tesla's FSD, or Full Self-Driving (Supervised) systems, would push them away from the brand rather than drawing them to it. The Electric Vehicle Intelligence Report for August, pu

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Tesla FSD turns off more U.S. consumers than its attracts, survey finds

cnbc.com Lora Kolodny 2025-10-25 15:16:06

Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Elon Musk's fervent promotion of Tesla 's self-driving technology isn't doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that Tesla's FSD, or Full Self-Driving (Supervised) systems, would push them away from the brand rather than drawing them to it. The Electric Vehicle Intelligence Report for August, pu

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Tesla Sales Nosedive 40% in Europe as Market Share Drops to 1%

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-26 10:50:16

Sales of Elon Musk’s Tesla have plunged by approximately 40% in Europe over the first half of 2025, according to new data from the European Automobile Manufacturers’ Association (ACEA). The decline is just the latest effect from increased pressure from Chinese automakers—particularly BYD—that are gaining ground in the rapidly expanding electric vehicle (EV) market on the continent. But European consumers have also shown a dislike for Musk’s very visible politics, which may be making it a less p

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Tesla Sales Nosedive 40% in Europe As Market Share Drops To 1%

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-26 15:50:16

Sales of Elon Musk’s Tesla have plunged by approximately 40% in Europe over the first half of 2025, according to new data from the European Automobile Manufacturers’ Association (ACEA). The decline is just the latest effect from increased pressure from Chinese automakers—particularly BYD—that are gaining ground in the rapidly expanding electric vehicle (EV) market on the continent. But European consumers have also shown a dislike for Musk’s very visible politics, which may be making it a less p

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SpaceX Suddenly Seems Pretty Terrified to Launch Starship After Long String of Super Expensive Explosions

futurism.com Unknown 2025-10-30 05:46:44

For years, SpaceX CEO Elon Musk has been stridently glib when his rockets explode during tests, quipping that the blasts were "just a scratch," a "minor setback," or a "rapid unscheduled disassembly." He's still deploying these jokey ripostes, but there's reason to believe the walls may be starting to close in for SpaceX's efforts on Starship, as more and more of the ultra-expensive spacecraft fail in spectacular public view. The issue is that he's bet the future of the company on the massive

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Elon Musk Just Suffered a Humiliating Defeat in China

futurism.com Unknown 2025-10-29 19:45:18

So far, 2025 hasn't exactly been a year of resounding success for centibillionaire Elon Musk's AI efforts. The richest man on earth has struggled to get xAI's Grok off the ground, with setbacks taking the form of privacy scandals, misinformation controversies, not to mention a highly-public white supremacy episode. And now, more than a month after Musk promised to roll Grok out to Teslas "next week," it turns out a Chinese AI model will be taking the chatbot's place. According to Bloomberg, T

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Latest Tech News

Tesla Announces Plans to Give Elon Musk $1 Trillion

Tesla offers $1 trillion to Elon Musk to unleash his army of robots

Tesla shareholders to vote on investing in Musk’s AI startup xAI

Tesla Offers ONE TRILLION DOLLAR Pay Package to Elon Musk (If He Can Stay Focused)

Tesla's nearly $1 trillion new pay plan for Musk would expand his voting power

Tesla proposes new pay package for Elon Musk worth up to $1T

Donald Trump Snubs Elon Musk Yet Again, Invites All of His Biggest Competitors to the White House

Elon Musk Denies He Was Snubbed From Guest List at White House AI Event

Musk Stakes Tesla Future on One Major Gamble

A Strange Conspiracy Theory Is Reportedly Spreading Inside OpenAI

Tesla Just Published a New "Master Plan" and Um, How Do We Say This

OpenAI Gets Conspiracy-Brained, Sues Nonprofits

Tesla’s 4th ‘Master Plan’ reads like LLM-generated nonsense

Tesla Dojo: The rise and fall of Elon Musk’s AI supercomputer

Tesla’s new ‘Master Plan’ sounds like AI slop

Tesla’s fourth ‘Master Plan’ reads like LLM-generated nonsense

Tesla Dojo: the rise and fall of Elon Musk’s AI supercomputer

Tesla’s Dojo, a timeline

Musk looks past Tesla sales slump, says 80% of value will come from Optimus

Concern Grows That Elon Musk Is Having Some Kind of AI Meltdown

SpaceX’s Next Big Trick: Catch the Starship Upper Stage With ‘Chopsticks’

The White House reportedly ordered xAI's Grok to be approved for government use

Elon Musk Hopes to Wriggle His Way Out of Allegations He Duped Twitter Investors

Musk files to dismiss lawsuit over his purchase of Twitter shares

Tesla FSD turns off more U.S. consumers than it attracts, survey finds

Tesla FSD turns off more U.S. consumers than its attracts, survey finds

Tesla Sales Nosedive 40% in Europe as Market Share Drops to 1%

Tesla Sales Nosedive 40% in Europe As Market Share Drops To 1%

SpaceX Suddenly Seems Pretty Terrified to Launch Starship After Long String of Super Expensive Explosions

Elon Musk Just Suffered a Humiliating Defeat in China

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