Tesla's $46 Billion Pay for Musk's Future

06/06/24 • 8 min

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Investors are preparing for a decisive vote on Elon Musk's controversial $46 billion stock options package. With strong opinions on both sides, the future of Tesla’s leadership and governance hangs in the balance. Can Musk secure the backing he needs, or will shareholders demand tighter oversight?

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Elon Musk warns every to have at least 3 kids or society will collapse

Elon Musk, an influential entrepreneur, is the CEO of SpaceX and Tesla, Inc., and has played a crucial role in the advancement of electric vehicles, space exploration, and renewable energy. Born in South Africa, Musk emigrated to the United States and co-founded Zip2, an online city guide software, before venturing into the creation of X.com, which eventually became PayPal. His vision for space travel led to the establishment of SpaceX in 2002, which has since achieved numerous milestones, including the first privately-funded spacecraft to reach the International Space Station. As the head of Tesla, Musk has driven the production of electric vehicles and energy storage solutions, contributing to the global shift towards sustainable energy. His ventures also include Neuralink, which aims to develop brain-computer interfaces, and The Boring Company, focused on tunnel construction and infrastructure.

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Elon Musk's xAI says it will build 'world's largest supercomputer' in Memphis

Elon Musk's AI startup, xAI, is gearing up to build the world's largest supercomputer in Memphis, Tennessee. This ambitious project, set to transform a former Electrolux facility, promises to be the biggest investment in the city's history. With potential tax incentives on the table, xAI aims to have the supercomputer operational by next fall, powering its AI chatbot, Grok. The announcement follows a successful $6 billion funding round, drawing top investors like Andreessen Horowitz and Saudi Arabia’s Public Investment Fund. Local officials, including Memphis Mayor Paul Young, are enthusiastic, highlighting the city’s readiness for such a transformative initiative. Pending approvals, this project is poised to put Memphis at the forefront of AI technology, potentially rivaling existing supercomputing giants like Oak Ridge’s Frontier.