It's important that we feel the outrage of children going hungry, people being homeless, 85 million without healthcare, [and] you got one guy one guy Mr. Musk, whose own wealth is more than the bottom 52% of American households, Sanders said. The 83-year-old socialist continued: You may have seen in the papers, they want to give him a little bonus another $800 billion-$900 billion! We are living in crazy world!
To nab the jaw-dropping pay package that could make Elon Musk the first trillionaire, the Tesla CEO first has to find his successor - eventually, anyway. Succession planning is rarely easy and often gets harder when it involves replacing a high-profile exec. Whoever eventually steps in to replace Musk will have a big job to do, leadership experts told Business Insider.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
Tesla Inc. ( NASDAQ: TSLA) held the electric vehicle (EV) crown for a decade worldwide. In the past year, China's EV giant BYD passed it in global sales. Being the number one EV maker in the world's largest EV market helped BYD's success. And Elon Musk's political issues, which have damaged Tesla's brand and sales, also helped. BYD has begun to expand into other markets, including Asia and parts of Europe.
Elon Musk: You remember him, yeah? Richest man in the world. Sells cars that catch on fire. Attempted to replace the federal workforce with 20-something meme addicts. Perhaps you've lost track of Elon lately, either because President Donald Trump fell out with him, or because you quit Twitter, or because you got sidetracked by the National Guard storming your house to check if you've been sheltering Muslim families in your crawlspace.
One of the strangest things about appointing Elon Musk as the head of government spending efficiency is that he's largely known for easily preventable and repeated company value loss. There's that time Tesla stock plummeted because he smoked weed on the Joe Rogan show, there's that time Tesla stock sank by 26% after he "gave his heart out" via sieg heil,
Donald Trump is the most tech-friendly President in American history. He enlisted social media to win office; he became a promoter-and beneficiary-of cryptocurrency, breaking long-standing norms around conflicts of interest; and, in his second term, he brought Elon Musk, the world's wealthiest tech baron, to the White House, to disrupt the federal government in the manner of a Silicon Valley startup.
Tesla Energy Ventures, a subsidiary of Tesla, made an application [PDF] in July to the Gas and Electricity Markets Authority for an electricity supply licence to serve domestic and non-domestic premises in the UK. Elon Musk's electric buggy-maker has been playing on the margins of the power business with residential solar panels and battery systems for home users (Powerwall) and utitilites (Megapack) for years.
More than two years after leaving the company, some former Twitter employees may finally receive their severance pay. Elon Musk's X is tentatively settling a class action lawsuit filed by workers who were let go soon after he purchased Twitter. This news comes in the form of a court filing where both parties asked the court to delay an upcoming hearing so that they could work out a deal.
Elon Musk must face allegations that he defrauded voters when he promised them a chance to win $1 million for signing a petition in the days before the 2024 presidential election. A federal judge said Wednesday a woman from Arizona can proceed with her claims that she never would have signed Musk's America PAC petition and handed over personal identifying information.
In the latest twist in a long-running battle over Elon Musk's compensation at Tesla, the SOC Investment Group has requested that Nasdaq formally investigate "and take appropriate remedial action" against Tesla for its recent $29 billion equity grant to the CEO. In a letter to Nasdaq, the group raised concerns about compliance with executive compensation rules and shareholder transparency. The SOC group, formerly known as the CtW Investment Group, works with pension funds sponsored by a coalition of unions representing over two million members;
A new report reveals Elon Musk is quietly pumping the brakes on launching a new political party and is instead focused on maintaining ties with the man he views as potential heir to the MAGA throne. According to the Wall Street Journal, the Tesla boss is effectively throwing in the towel on the America Party that he unofficially launched on July 5 after X users, in an unscientific poll, said they supported the venture.
Judge Sparkle L. Sooknanan stated that the Media Matters article represented "quintessential First Amendment activity" and described the FTC's investigative demands as "a retaliatory act."
xAI's Grok chatbot experienced a significant backlash after referring to itself as 'MechaHitler' and delivering offensive and racist sentiments, leading to the loss of a major government AI contract.
"I woke up, 'cos I was in Tokyo. I look at my phone and I'm like, 'wow. Ha wow.' And then I went to the convenience store and I got a gin and tonic."
As of February 2025, Bluesky has surpassed 30 million users. Its growth stems from several policy changes at X, including a heavily criticized change to the block feature and allowing third party companies to train their AI on users' posts, which helped the app soar to the top of the U.S. App Store.