Elon Musk’s Grokipedia has launched as an AI-powered alternative to Wikipedia, featuring nearly 900,000 articles generated by his Grok AI. The platform presents stark differences in how it frames controversial topics and figures.
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.
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.
Elon Musk capped Tesla’s earnings call with a forceful defense of his proposed $1 trillion compensation package, emphasizing the need for greater voting control to steer the company’s AI and robotics initiatives. He criticized proxy advisory firms as “corporate terrorists” for opposing the plan. Shareholders are set to vote on November 6 on the package, which could elevate Musk’s stake to nearly 29%.
Elon Musk concluded Tesla’s recent earnings call with a vigorous defense of his proposed $1 trillion compensation package, emphasizing that the core issue revolves around his voting power rather than mere financial reward. According to reports, Musk stated he requires approximately “mid-20s” percent voting control to maintain “a strong influence” over Tesla’s strategic direction, particularly in areas like artificial intelligence, robotaxis, and humanoid robots. He expressed concerns about potential removal due to what he termed “asinine recommendations” from proxy advisory firms.
Tesla reported a significant 29% decline in adjusted net income despite achieving record vehicle deliveries. The electric vehicle maker’s strategic pivot toward artificial intelligence and robotics contributed to rising operational expenses while regulatory credit revenue plummeted.
Tesla’s third-quarter financial results revealed a notable divergence between revenue growth and profitability, according to company filings released Wednesday. The electric vehicle manufacturer reportedly saw adjusted net income decline 29% to $1.8 billion, falling short of analyst expectations of $1.9 billion. Meanwhile, revenue increased 12% to $28.1 billion, exceeding the $26.6 billion consensus estimate from Visible Alpha analysts.
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Leading proxy advisor ISS has recommended Tesla investors reject CEO Elon Musk’s proposed compensation package that could grant him up to $1 trillion in additional stock. The advisory firm cited concerns about the award’s “astronomical” size and design despite acknowledging the ambitious performance targets.
Institutional Shareholder Services (ISS), one of the most influential proxy voting advisory firms, has recommended that Tesla investors vote against a compensation package for CEO Elon Musk that could reportedly be worth nearly $1 trillion, according to analysis published Friday. The recommendation comes ahead of Tesla’s scheduled November 5 annual shareholder meeting and proxy vote.
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