Tesla shareholders vote yes again to approve Elon Musk’s $56B pay plan
Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate of Tesla in Texas, moving it away from the state where Musk’s pay package was struck down: Delaware. Shareholders present at the company’s annual
Read MoreTesla shareholders approve Elon Musk’s massive pay package
Image: Cath Virginia / The Verge, Getty Images Tesla shareholders voted today to reapprove Elon Musk’s gigantic pay package, after a Delaware court judge voided it earlier this year. Investors also approved a proposal to move the company’s legal home from Delaware to Texas and to reappoint two board members:
Read MoreTesla investors sue Elon Musk for launching a rival AI company
Illustration: Kristen Radtke / The Verge; Image: Getty Images Several Tesla shareholders are accusing Elon Musk and the company’s board of knowingly diverting talent and resources away from the company and directing it toward Musk’s rival artificial intelligence company, xAI. In a lawsuit, the shareholders allege that Musk and the
Read MoreTesla’s 2024 shareholder meeting: all the news about Elon Musk’s $50 billion payday
Illustration by Alex Castro / The Verge The vote is seen as a referendum on Musk’s leadership at Tesla during a tumultuous time for the electric automaker. Tesla’s 2024 shareholder meeting is a bit different than meetings past. Investors are being asked to weigh in on the question of Elon
Read MoreApple gives developers a way to nominate their apps for editorial consideration on the App Store
From a new Nominations dashboard in App Store Connect, developers will be able to create their nominations, either one by one or by uploading a spreadsheet to nominate apps in bulk. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreWhat StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture
StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise doesn’t just say a lot about StepStone’s venture secondaries investing prowess, but also about how LPs are thinking about the current venture market. The fund, StepStone VC Secondaries Fund VI, raised
Read MoreSpotify announces an in-house creative agency, tests generative AI voiceover ads
Spotify announced on Thursday that it’s venturing further into the ad space with its first in-house creative agency called Creative Lab, helping brands create custom marketing campaigns. It will also begin testing generative AI ads, the company said. The launch of Creative Lab shows that Spotify is ramping up its
Read MoreTesla shareholders sue Musk for starting competing AI company
Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup. The lawsuit is one of the most direct challenges
Read MoreApple’s Spotlight Search gets better at natural language queries in iOS 18
With the Core Spotlight framework, developers can donate content they want to make searchable via Spotlight. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreTesla and its fans waged an unprecedented battle over Elon Musk’s $56B pay package
It's all part of an effort to say that, this time, when the shareholders vote to approve his monster $56 billion compensation package, they were fully informed. © 2024 TechCrunch. All rights reserved. For personal use only.
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