Tag: Bloomberg News

BusinessStartupsTechnology

Musk Diverts Tesla Earnings Call to Advocate for Record Compensation Package

Elon Musk pivoted from discussing Tesla’s AI and robotics initiatives to passionately defend his controversial compensation package during the company’s earnings call. The Tesla CEO argued for maintaining sufficient voting control while acknowledging the need for accountability mechanisms. Shareholders will decide on the record-breaking pay package at Tesla’s November annual meeting.

CEO Makes Unusual Plea During Financial Update

Elon Musk reportedly hijacked the conclusion of Tesla’s earnings call to make an impassioned case for his $1 trillion compensation package, according to Bloomberg reports. The Tesla chief executive interrupted what sources indicate was otherwise a discussion focused on the company’s artificial intelligence development, humanoid robot progress, and self-driving vehicle initiatives to address his pending pay proposal.

by Nathan Cross
PolicyTrade

China Deploys Rare Earth Export Controls in Strategic Trade Move

Beijing has unveiled export controls that effectively give China veto power over products containing its rare earth minerals. The move comes as political newcomer Mark Carney navigates Canada’s complex relationship with the US and global trade dynamics continue to shift.

Strategic Trade Maneuvers Intensify

China has implemented export controls that reportedly give President Xi Jinping effective veto power over any products containing Chinese rare earth elements, according to recent analysis. The move represents a significant escalation in global trade tensions, with sources indicating it mirrors tactics the United States historically used to cement its postwar economic dominance.

by Henry Blakemore