Elon Musk Wins $1 Trillion Tesla Pay Package - The New York Times
Tesla shareholders approved a plan to grant Elon Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation. The 12-step package asks Mr. Musk, the company’s chief executive, to vastly expand Tesla’s stock market valuation — to $8.5 trillion from around $1.4 trillion — while hitting a variety of other goals. Those include selling one million robots with humanlike qualities and 10 million paid subscriptions to the company’s self-driving software.
Tesla’s trillion-dollar pay package for Elon Musk : NPR
Tesla shareholders approve Elon Musk’s $1T pay package
What Elon Musk could buy with $1 trillion | CNN Business
These discrete moments offered strikingly different lessons about America and who deserves how much of its wealth.
At Tesla, based in the Austin, Texas, area, shareholders have largely bought into a winner-takes-all version of capitalism, agreeing by a wide margin to give Mr. Musk shares worth almost a trillion dollars if the company under his management achieves ambitious financial and operational goals over the next decade.
But halfway across the country, in the home to Wall Street, Zohran Mamdani’s victory served as a reminder of the frustrations many Americans have with an economic system that has left them struggling to afford basics like food, housing and child care.
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OpenAI Races to Quell Concerns Over Its Finances - The New York Times
The A.I. company faced pushback after a top executive raised the idea of government aid, amid concerns that the A.I. industry is headed toward a dangerous bubble.
