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Business News›Magazines›Panache›Panache People 101›Elon Musk
    Elon Musk

    Elon Musk

    Co-founder and CEO, Tesla
    Birth DetailsJune 28, 1971 | Pretoria, South Africa
    NationalityAmerican
    LeagueEntrepreneur
    EducationBachelor’s degrees in physics and economics, University of Pennsylvania
    Net Worth$36.3 billion (as of May 28, 2020)
    Elon Musk's Assets:
    • SpaceX
    • Tesla
    • Neuralink
    • The Boring Company
    • SolarCity

    Elon Musk's Journey so far ...
    • After being introduced to computers at the age of 10, Elon Musk soon learned the programming language BASIC. At 12, he developed a game called Blastar which he later sold for $500
    • He moved to Canada in 1988 for college but transferred to UPenn, a few years later, from where he eventually graduated
    • In 1995, he got into Stanford University for a PhD program but left just after two days. It was the time of the internet boom and Musk wanted to explore
    • The same year, he partnered with his brother Kimbal Musk to start Zip2 -- an online maps and guides service -- which was sold to Compaq for $307 million in 1999, earning Elon $22 million
    • He used some of the money from the sale to start his next internet venture, X.com, which provided online banking and payment services. In due course, X.com became PayPal and was eventually absorbed by eBay in 2002 for $1.5 billion, of which Musk took $165 million home
    • Earlier in 2002, Musk founded a spacecraft company called Space Exploration Technologies or SpaceX to make space travel cheap and better accessible
    • In 2004, he became one of the early and primary investors in Tesla -- an electric car company aimed at making the future of transportation more sustainable -- and joined the company’s board as chairman
    • In 2008, SpaceX’s Falcon 1 became the first liquid-fuel rocket developed by a private firm to reach the orbit
    • The same year, he became the CEO and product architect of Tesla and the company introduced an electric sports car called the Tesla Roadster
    • In 2010, Tesla went public raising $226 million
    • Tesla acquired SolarCity -- a clean energy company which Musk helped his cousins start -- in 2016
    • Later that year, he launched The Boring Company to make transportation faster in cities
    • In 2017, he started Neuralink which aims at developing a man-machine interface that could connect the human brain with computers
    • Promoting the concept of reusable rockets, SpaceX’s Falcon 9 rocket and Dragon spacecraft took their second flight in 2017
    • The Falcon Heavy, which was the world’s most powerful operational rocket of the time, completed its first flight in 2018. The rocket carried a mannequin called ‘Starman’ and Musk’s personal cherry-red Tesla Roadster along, which were launched into space
    • Having invested in several other futuristic technology ventures, Elon Musk is one of the richest tech leaders in the world today

    Before you go ...
    • He was often bullied as a child and once, he was beaten up so bad that he had to be hospitalised
    • He is said to have inspired the persona of the character ‘Tony Stark’ played by Robert Downey Jr. and is often referred to as the ‘real-life Iron Man’
    • Elon Musk has made guest appearances in many notable Hollywood movies including Iron Man 2 and TV series such as The Big Bang Theory and Young Sheldon

    Last Updated: 15/02/2021

    Elon Musk News

    • Globally, however, AI startups have been defying the ‘funding winter’ plaguing startups post pandemic. In the US, for instance, AI startups received $27 billion in funding in April-June, accounting for nearly half of all startup funding in the country during that period, data showed. AI startups for the first time became the largest segment during that quarter, as per Crunchbase.
    • Elon Musk on Tuesday said he will move the headquarters of SpaceX and X to Texas after a California law blocked schools from forcing teachers to notify parents about changes to a student's gender identity. "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," Musk said.
    • 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. Closing out Trump's fellow travelers in Silicon Valley are top executives from Palantir, a data analytics firm co-founded by Thiel that specializes in national security work.
    • Happy Wednesday! The central bank has cautioned fintech startups to adhere strictly to know-your-customer (KYC) guidelines. This and more in today’s ETtech Morning Dispatch.
    • With a Falcon 9 launch, SpaceX suffered a serious setback that cost them 20 Starlink satellites. Future launches have been put on hold while the corporation resolves the problems that led to the failure, and an investigation is currently underway.
    • Elon Musk has extended his support to Donald Trump immediately after the assassination attempt on the former President. He has extended both political and financial support to Trump.
    • SpaceX CEO Elon Musk has claimed that he is an alien and he has said so several times, but no one believes him. He also said that none of the SpaceX missions has ever seen an alien or encountered a UFO.
    • The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to more run-of-the-mill service jobs, according to a Bloomberg analysis.
    • Elon Musk announced that Tesla and xAI are hiring network engineers and technicians through a post on X. He previously criticized MBAs for losing sight of goals. Musk, the CEO of Tesla and xAI, owns X. xAI, aiming to "understand the true nature of the universe," secured $6 billion funding and introduced Grok, an AI chatbot competing with OpenAI's ChatGPT.
    • Twitter CEO, Elon Musk said that X experienced a total of "417 billion user-seconds globally" in one day. In a post on X, Musk said, "X usage hit another all-time high yesterday with 417 billion user-seconds globally! In the US, user-seconds reached 93 billion, 23% higher than the previous record of 76 billion. In a single day."
    • Elon Musk plans to donate $45 million monthly to America PAC in support of Donald Trump's presidential campaign. Other backers include prominent figures like Joe Lonsdale and Kelly Craft. Trump, who survived a shooting, has gained support from wealthy donors like Musk.
    • The European Union accuses Elon Musk's platform X of breaching online content regulations, including misuse of the blue checkmark and lack of transparency in advertising. Both sides engage in a war of words as potential fines and compliance orders loom.
    • Tesla CEO Elon Musk announces a delay for the robotaxi event to make an important design change. The event, originally set for August, is now expected in October. Musk has hinted at revealing more surprises during the event, boosting Tesla's stock by nearly 5%.
    • ​The U.S. is grappling with the biggest and most sustained increase in political violence since the 1970s. Of 14 fatal political attacks since supporters of Trump stormed the U.S. Capitol on Jan. 6, 2021, in which the perpetrator or suspect had a clear partisan leaning, 13 were right-wing assailants. One was on the left.
    • Former President Donald Trump was injured in an assassination attempt during a Butler, Pennsylvania rally. The shooting occurred at 6:10 p.m., and the Secret Service promptly secured Trump, although a spectator was fatally wounded. The 20-year-old shooter, Thomas Matthew Crooks, was neutralized by snipers. Trump received medical attention and was later transported to New Jersey. President Joe Biden condemned the incident, calling for unity. The FBI's investigation revealed Crooks' conflicting political affiliations. Heightened security marked the upcoming Republican National Convention.
    • Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday.
    • Elon Musk publicly endorses Donald Trump for president, citing his toughness. Musk's endorsement marks a significant shift in his political stance, after previously supporting Democratic candidates. The endorsement comes amidst Musk's criticism of President Biden's policies.
    • Former US president Donald Trump was deemed "safe" after being rushed off stage when gunshots were fired at a campaign rally in Pennsylvania on Saturday. This shocking incident has heightened tensions in the run-up to the 2024 election. As the gunshots rang out, the 78-year-old Trump grimaced and clutched a hand to his right ear. Blood soon became visible across his face.
    • Elon Musk has made a large donation to America PAC, a group supporting Donald Trump in the 2024 election. This donation is Musk's largest political contribution to date, though he has not endorsed any candidate publicly.
    • The U.S. Federal Aviation Administration (FAA) grounded SpaceX's Falcon 9 rocket on Friday following the craft's breakup in space and the loss of its Starlink satellite payload. This incident marked the first failure in more than seven years for the rocket, which is a mainstay for the global space industry.
    • Billionaire Elon Musk, known for his increasing criticism of U.S. President Joe Biden, has made a significant donation to America PAC, a political group supporting rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources. The report did not specify the exact amount Musk donated but mentioned it was "a sizable amount" given to America PAC. This group is capable of receiving unlimited contributions for political activities.
    • Elon Musk has intensified efforts with SpaceX to establish a city on Mars, directing teams to design habitats and spacesuits, and explore human reproduction on the planet.
    • Elon Musk's owned social media platform X (previously known as Twitter) has breached EU online content rules. This move by the European Commission came after a seven-month-long investigation. X was also charged with blocking researchers from accessing its public data.
    • Tesla has postponed the unveiling of its robotaxi design originally scheduled for August. On the social media platform X, Tesla's CEO Elon Musk stated that vehicles equipped with full self-driving "will achieve such a superhuman level that in the future, it will seem odd that humans ever drove cars, even when tired or under the influence."
    • Shares of Tesla tumbled Thursday following a report that Elon Musk's electric auto giant will delay a much-anticipated "robotaxi" event. Before Thursday, Tesla shares had risen 11 straight days in a move partly attributed to the robotaxi event, which Musk has described as a platform for the company's ambitious autonomous driving technology.
    • Tesla's robotaxi unveiling delayed to October. CEO Musk set August date but postponed for more prototypes. Internal announcement caused 8% stock drop. $257B added to market cap. FSD technology needing supervision spurs optimism despite sales slowdown. The project aligns with Musk's master plan, sidelining affordable cars. Bloomberg News revealed the delay.
    • Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech Top 5.
    • Elon Musk's X is testing a dislike button, drawing mixed reactions. Users fear increased negativity and manipulation, while some plan to target Musk with dislikes. The button design mirrors the like button but with a downward arrow. This development parallels YouTube's hidden dislike counts. The feature's future remains uncertain, pending further testing and user feedback.
    • The company is now taking risk mitigation measures such as skull sculpting and reducing carbon dioxide concentration in the blood to normal level in patients, the company's executives said in a live stream on social media platform X.
    • A latest robot has been developed by Chinese scientists that has been developed using human brain cells in its system. Deemed a Frankenstein-style robot, the Tianjin University worked has worked on a lab-grown brain that is embedded to a robotic system, making it one of the first robot to walk like a human.
    • This week in Idaho's Sun Valley, the annual Allen & Company summit has gathered top business, media, and political leaders for what's known as the "summer camp for billionaires." Attendees, including tech giants and entertainment moguls, engage in off-the-record talks and outdoor activities. The summit, famed for spawning major deals, hosts discussions on AI, corporate leadership changes, and political futures. Notable absentees like Warren Buffett and Elon Musk underscore shifting dynamics among industry leaders, amidst speculation about upcoming elections.
    • Tesla's dominance in the U.S. electric vehicle market slipped below 50% in Q2 as sales surged to a record. Tesla's market share dropped to 49.7% from 59.3% a year earlier, losing ground to GM, Ford, Hyundai, and Kia. Overall U.S. EV sales rose 11.3% year-over-year, with over 330,000 electric vehicles sold in Q2, accounting for 8% of new car sales.
    • A recent report from the Coastal Bend Bird Observatory (CBBO) revealed that a SpaceX launch from Starbase, Texas, resulted in the destruction of eggs from nine shorebird nests. The CBBO report details how the sonic boom from the launch damaged at least 22 eggs across these nests.
    • The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.
    • Sri Lanka's parliament approved amendments to a decades-old law on Tuesday, enabling Elon Musk's Starlink, a satellite unit of SpaceX, to set up operations in the nation.
    • The move comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers.
    • Recently, Nvidia's founder and CEO Jensen Huang shared his leadership insights and generative AI perspectives with Stanford students. He recounted humble beginnings as a dishwasher and toilet cleaner, emphasizing that no task is beneath him. Elon Musk, resonating with Huang’s story, praised his early work ethic.
    • Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.
    • Marketing becomes more complicated, as does navigating jurisdictions of countries where English isn't significantly in use. Investors may see these expenses as disadvantageous to a local-language microblogging site when there are immensely dominant mainstream forces at play. Even with the anti-X support Koo enjoyed at home, its global ambitions may have been lofty.
    • Elon Musk used a $1 million McLaren F1 car as a normal vehicle for day-to-day work and transport. It was his daily drive from Los Angeles to San Francisco and he drove 11,000 miles.
    • Elon Musk hopes that he will be able to transform Tesla into an AI giant with a net worth of $30 trillion and he wants to change from selling EVs to operating a lucrative fleet of robotaxis and humanoid robots.
    • In a year since its launch, the microblogging app Threads has touched more than 175 million monthly active users. Here's a look back.
    • Meta’s Threads, launched July 5, 2023, by Mark Zuckerberg, hits 175 million monthly users, challenging Elon Musk’s X. Despite X's growth, Threads steadily climbs. It tested the ActivityPub protocol, launched an API, started a fact-checking program, posts appear on Mastodon. Instagram promotion boosts users amid political content policy criticism.
    • Tesla Inc. is unlikely to pursue new investments in India in the near future, sources familiar with the matter said. Following Elon Musk's postponed visit and lack of further communication, Indian officials believe Tesla faces financial constraints. India now focuses on local automakers like Tata Motors and Mahindra & Mahindra to boost its nascent EV market.
    • Tesla's Model Y has been included in a list of electric and plug-in hybrid models that local governments in China can purchase as service cars. This is the first time Tesla's cars have been eligible for government purchases in China. The Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government, and public organizations.
    • Has Elon Musk angered the prospective buyers of Tesla by supporting antisemitic posts on his social media platform X or blocking Starlink satellite internet service to prevent a drone attack on Russian forces? The global Tesla sales have come down this year.
    • U.S. venture capital funding surged to $55.6 billion in Q2, driven by AI investments. Emerging VC fund managers faced pressure as large firms like Andreessen Horowitz led fundraising efforts.
    • China has developed an innovative robot with a lab-grown human brain, aiming to create hybrid machines for complex tasks. This technology integrates human stem cells with neural interface chips.
    • Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric-vehicle maker's price cuts and incentives helped stimulate demand.
    • Tesla's delivery drop in Q2 was mitigated by incentives driving demand. Shares rose in premarket trading despite margin pressures. The company delivered various models, including the Model 3 and Model S sedan. Tesla adapted its strategy with discounts globally, aiming to recover from the sales decline and adjust annual growth targets.
    • The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
    • Elon Musk- owned The Boring Company planned the Las Vegas Convention Center Loop, or LVCC Loop, which could be a system of tunnels where people could travel on pods. But there are no pods in the neon-colored well-constructed tunnel, there are driver-manned Tesla cars instead.
    • President Biden's debate performance satisfaction contrasts with Democrats' doubts about his competitiveness against Trump, reflecting uncertainties in the upcoming election.
    • National Aeronautics and Space Agency has asked Elon Musk-owned company SpaceX to develop the ‘US Deorbit Vehicle’ that will lead the US sections of the ISS to its death when its time is over. But why? It could leave it to burn up while making re-entry to the Earth.
    • Tesla claims that Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, according to a court filing made public on Thursday. This comes despite a judge rescinding it earlier this year.
    • Elon Musk criticized Boeing CEO David Calhoun and said that Boeing had lost sight of its engineering core. Boeing is struggling with leadership transitions, safety concerns, and legal issues.
    • The idea of a global tax on the richest is already supported at the G20 by Brazil, France, Spain and South Africa -- although the United States has opposed it. Tuesday's report by economist Gabriel Zucman calls for a coordinated minimum tax standard for ultra-high net worth individuals, arguing "the very wealthy benefit from a gigantic tax privilege".
    • Billionaire entrepreneur Elon Musk has criticized the Lucasfilm head, Kathleen Kennedy for the "Star Wars" franchise “The Acolyte” direction. Elon Musk also attacked Disney CEO Bob Iger last year after the company pulled its advertisements from Musk's X platform.
    • Recent reports have suggested that Elon Musk has a third 'secret child' with Neuralink executive Shivon Zilis this year itself. As the details around this reports went viral, Elon Musk confirmed these rumors saying that this was no secret and that his friends and family already knew. It was surprising for the Tesla CEO that the issue was purported to be a secret, according to reports.
    • Linda Yaccarino, CEO of social media platform X, makes changes to her team under pressure from owner Elon Musk to improve sales and reduce costs.
    • Elon Musk clarified his controversial comments on free speech at the Cannes Lions advertising festival, addressing advertiser concerns about content moderation on X. He emphasized the platform's commitment to free speech over censorship, even at the cost of losing advertisers. X CEO Linda Yaccarino supported Musk's stance, highlighting the platform's role in enabling information independence. Musk reiterated the importance of authenticity and free speech, despite occasional personal missteps.
    • Elon Musk's net worth stands at $208.4 billion, as per reports, with main sources of revenue coming from Tesla and SpaceX, one of which is currently in the gray area around employee layoffs. Tesla's internal reports reportedly show a significant slash in employee count within a matter of a few months, shortly after Tesla CEO Elon Musk announced back in April that the company was planning to reduce its workforce by 10%.
    • It is not yet known officially how many children Elon Musk has. But it is believed that the billionaire has 11 children- five with his first wife, the author Justine Wilson, three with the musician Grimes, and three with Neuralink executive Zilis.
    • Tesla's annual shareholder meeting on June 13 was marked by shareholder approval of Elon Musk's $56 billion performance-based pay package, despite previous legal challenges. Additionally, shareholders agreed to relocate Tesla from Delaware to Texas. Elon Musk, in his characteristic style, outlined ambitious technological advancements at the meeting: he projected rapid progress in self-driving car technology, including the potential for Tesla owners to connect with a future "Robotaxi" fleet for passive income.
    • Both companies have yet to get permits to provide satcom services in India — their applications are pending before the Department of Telecommunications (DoT) — but Goenka said this would not delay the grant of landing rights to them by the space sector regulator.
    • Elon Musk envisions a future driven by self-driving cars and humanoid robots, potentially transforming Tesla into a trillion-dollar enterprise. However, uncertainties loom over Tesla's ability to deliver on these promises to both consumers and shareholders. Despite Musk's ambitious projections of unlocking ten times Tesla's current value through autonomous vehicles, Chinese competitors are advancing in key technologies like lane-navigation and battery economics.
    • Nvidia cemented its status as the world's most valuable company after the semiconductor bellwether's shares gained 2.5% to hit another record on Thursday, as partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup.
    • Dell is assembling half of the racks for xAI's supercomputer, Musk said on X. In a reply to another post enquiring about the second partner, the billionaire said "SMC" - referring to server maker Super Micro.
    • The ozone can be depleted by the internet satellite like Elon Musk’s Starlink. There are more than 8,000 internet satellites in low-Earth orbit.
    • Lindsay Short is a former employee of Elon Musk's company Neuralink. She has filed a lawsuit against the company accusing it of failing to provide proper protective equipment and sacking her for being pregnant.
    • Nvidia's recent surge to become the top company by market capitalization raises several critical questions. Firstly, while Nvidia excels with its graphics chips powering generative AI, questions linger on whether its clients like Microsoft and Alphabet (Google) have clear plans to monetize this technology. Secondly, Nvidia has surpassed Intel in earnings and valuation, prompting speculation about the sustainability of its computing dominance and drawing comparisons to Cisco's rise during the dotcom era.
    • ​Musk Black not only visually matches Meskla’s self-positioning as a Blade Runner-style aristotechnocrat to a T, but also performs another important function: it situates him away from the nerd herd. Even Thursday’s AGM backdrop underlined this distancing from Valley aesthetics. The ‘cyber rodeo’ neon-lit backdrop was a far cry from Google-Meta-Microsoft’s pristine, antiseptic whiteboard venues that are more Ikea than gritty Big Tech.
    • Elon Musk's recent comments on EVMs have reignited concerns about their reliability, with Rahul Gandhi and other opposition leaders urging the Election Commission to ensure transparency or eliminate the machines. BJP's Rajeev Chandrasekhar countered that Indian EVMs, unlike those in the US, are tamper-proof and not internet-connected. Many IIT professors who helped design the machine say that the voting machine is an electronic island like a basic calculator.
    • Dubai's high-end car culture includes supercars used by the police, with the recent addition of Tesla's Cybertruck to their fleet. The Dubai Police General Command announced the new electric vehicle addition, featuring a futuristic design and luxury patrol fleet status. The vehicle, adorned with the Dubai police logo, escorted Dubai's crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
    • With 6,000 of the 8,100 objects currently in low Earth orbit belonging to Starlink, the environmental impact of these satellites is raising concerns among scientists. The findings reveal that the reentry of satellites in 2022 resulted in a 29.5% increase in atmospheric aluminum above natural levels, injecting approximately 17 metric tons of aluminum oxides into the mesosphere.
    • Indian agencies have secured five Lions at the Cannes Lions, marking a significant achievement for the country. Earlyman Film won a silver and bronze Lion for their 'Jindal Steel-The Steel of India' ad, while Ogilvy Mumbai's Cadbury 5 Star 'Erase Valentine's Day' campaign, Leo Burnett Mumbai's Gatorade 'Turf Finder' campaign, and VML Mumbai's Coca-Cola 'Sing to Remember' campaign each received a bronze Lion.
    • Karnataka deputy chief minister DK Shivakumar has criticized the Electronic Voting Machines (EVMs) controversy, arguing that they contributed to the BJP-JDS winning higher-than-expected seats in the state in recent Lok Sabha polls. Shivakumar called for an investigation into the use of EVMs and the return of ballot boxes. The controversy began with Tesla CEO Elon Musk urging the elimination of EVMs, while opposition leaders question their reliability.
    • Musk's compensation package not only outstrips TaMo but also surpasses the total revenues of other prominent Indian entities, including HPCL, SBI, Rajesh Exports, and TCS
    • Elon Musk plans to introduce stock-based compensation at Tesla following shareholder approval of his $56 billion pay plan. The company aims to provide stock option grants for exceptional performance and award spot option grants for outstanding contributions amidst sales slowdown and intensifying price competition from Chinese rivals.
    • The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, with potential consequences for both Chinese and European automakers.
    • The Election Commission of India (ECI) has dismissed a newspaper report claiming that a phone was used by a relative of Shiv Sena MP Ravindra Waikar to unlock an Electronic Voting Machine (EVM) inside a counting centre in Maharashtra. The ECI issued a notice to a tabloid newspaper in Mumbai, which claimed Waikar's relative Mangesh Pandilkar was using a phone that generated an OTP to open the EVM.
    • Elon Musk-run X Corp has banned 2,29,925 accounts in India between April 26 and May 25, mostly for promoting child sexual exploitation and non-consensual nudity.
    • The BJP on Sunday accused billionaire entrepreneur Elon Musk of making a "huge sweeping generalisation" by calling for eliminating EVMs, saying his views may apply to the US but not to India. In a recent post on X, Musk had said, "We should eliminate electronic voting machines. The risk of being hacked by humans or AI, while small, is still too high."
    • Congress leader Rahul Gandhi and Tesla CEO Elon Musk have raised concerns about the security of Electronic Voting Machines (EVMs), calling them a "black box" and suggesting their elimination due to hacking risks. BJP leader Rajeev Chandrasekhar, however, opposes Musk's stance, asserting that Indian EVMs are secure and isolated from networks.
    • Following Elon Musk's discussion on social media platform X regarding electronic voting machines (EVMs), former Minister of State for IT Rajeev Chandrasekhar responded by asserting that EVMs can be designed and constructed effectively, citing India's example. In response to Elon Musk, Rahul Gandhi stated that electronic voting machines (EVMs) in India function as a "black box," inaccessible to scrutiny, raising significant concerns about transparency in electoral system.
    • The initiative will offer early stage companies AWS cloud computing credits, mentorship, and education to enhance their use of AI and machine learning technologies, according to the company. Participating startups will gain access to AWS computing, storage, database, and custom AI chip services through these credits.
    • Entrepreneur Elon Musk has raised concerns over the electronic voting systems and said that it can be hacked using AI leading to loss of credibility in the electoral process. He has given the example of Puerto Rico.
    • Elon Musk won't get access to the stock options just yet, even with the reapproval vote. In 2018, January Delaware Judge said the shareholders weren't informed that Musk controlled the company's board and the process for approving was 'deeply flawed." But Tesla said Musk deserves the pay because he turned the company into the top-selling electric vehicle maker in the world.
    • Elon Musk's X admitted to a currency conversion error when paying out entitlements, which sometimes resulted in overpayments of up to $70,000. Earlier last year, thousands of former Twitter employees claimed they were cheated out of severance pay when the billionaire laid them off after acquiring the social media platform.
    • Tesla shareholders on Thursday voted overwhelmingly in favor of restoring Musk's 10-year pay plan, valued by the company in April at $44.9 billion. It was worth more early in the year, but Tesla's stock value has fallen about 25% since then.
    • Tesla investors voted overwhelmingly in favor of Elon Musk's $56 billion pay package at the annual meeting, with 77% approval despite opposition from institutional investors and proxy advisory firms. Retail investors showed strong support. The largest pay package in U.S. corporate history faced legal challenges, with a Delaware judge voiding it earlier in the year.
    • Tesla shareholders voted to reinstate CEO Elon Musk's $44.9 billion pay package, previously rejected by a Delaware judge. The package remains tied up in court as Tesla appeals the decision.
    • For months, Musk's supporters have used the social media site, which he purchased for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members warned he could leave the company if shareholders voted against him.
    • Tesla shareholders voted in favor of a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas, as announced by the CEO on social media.
    • esla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, showing strong support for his leadership of the electric vehicle maker. While the favorable vote indicates confidence in Musk, it does not guarantee immediate access to the all-stock compensation. The package is expected to face legal challenges in the Delaware Chancery Court and Supreme Court for several months as Tesla seeks to overturn the initial rejection.
    • X, which is owned by billionaire Elon Musk, sued Media Matters in November, accusing the group of defamation after it published a report that said ads had appeared next to posts on X praising Adolf Hitler and the Nazi Party.
    • Tesla boss Elon Musk claimed victory in a closely-watched shareholder vote to approve on Thursday a multibillion-dollar pay package seen as critical in keeping the mercurial CEO at the electric auto company.
    • NCLT has asked Byju's to maintain status quo in its shareholding, pausing its controversial rights issue, this and more in today’s ETtech Top 5.
    • Joint venture between Reliance Industries' Jio Platforms and SES, based in Luxembourg, has received the green light from the Indian space regulator to operate satellites in the country, according to a government official. Orbit Connect India, aimed at delivering high-speed internet access via satellites, has secured three approvals. This development emerges amidst a competitive landscape where companies like Amazon.com and Elon Musk's Starlink are seeking approval to launch satellite communication services in India, the world's most populous nation.
    • Eight former employees of SpaceX sued Elon Musk for wrongful termination due to raising concerns about sexual harassment and discrimination in the workplace.
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