Elon Musk. Evelyn Hockstein/Reuters Elon Musk is seeking up to US$134-billion (R2.2-trillion) from OpenAI and Microsoft, saying he deserves the “wrongful gains” that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5-billion and $109.4-billion from the billionaire entrepreneur’s contributions when he was co-founding what was then a…
Rise Mzansi leader Songezo Zibi Starlink’s proposed entry into South Africa is facing mounting political backlash, driven by concerns over owner Elon Musk’s conduct and public statements. Rise Mzansi leader Songezo Zibi and parliament’s communications & digital technologies portfolio chair, Khuselo Diko, have both taken to social media to voice their opposition to Musk and…
Toyota Motor Corp President Akio Toyoda gets out of a Tesla Motor’s Roadster electric car with Tesla Motors Chief Exective Officer Elon Musk (behind car) upon their arrival at a news conference in Tokyo November 12, 2010. Issei Kato | Reuters Eight years ago, Tesla CEO Elon Musk promoted a next-generation Roadster, basing the name of the…
Elon Musk When Tesla directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn US$878-billion (R15-trillion) in Tesla stock over 10 years. The board’s proposal said Musk would have to “completely transform Tesla and society…
Tesla’s board of directors has proposed what could be the largest CEO compensation package in history, a move designed to secure Elon Musk’s long-term focus on the company. The plan, which could make Musk the world’s first trillionaire, is tied to a series of performance metrics that appear ambitious, if not far-fetched. Read: Nintendo surprises…
Elon Musk. David Swanson/Reuters Elon Musk tried to enlist rival Mark Zuckerberg for the US$97.4-billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday. OpenAI, the owner of ChatGPT, said Musk had communicated with Zuckerberg…
Tesla is proposing a new stock award of 96 million shares, valued at approximately $29 billion, to incentivize Elon Musk to remain as CEO. This new compensation package comes after a Delaware court voided Musk’s original 2018 pay deal, which was worth over $50 billion. The court ruled that the initial package was flawed and…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla stock fell about 7% on Monday after CEO Elon Musk announced plans to form a new political party. The stock was on pace for its worst day since June 5, when it fell…
Elon Musk says he is launching a new political party, weeks after dramatically falling out with US President Donald Trump. The billionaire announced on his social media platform X that he had set up the America Party, billing it as a challenge to the Republican and Democratic two-party system. However, it is unclear if the…
