Tesla shareholders approve Elon Musk's $56bn pay package

Elon Musk Welcomes 12th Child

Elon Musk , Welcomes 12th Child. Musk and Neuralink executive Shivon Zilis welcomed their third child together earlier this year, CBS News reports. Musk recently confirmed the birth in a 'New York Post' interview but didn't share the baby's name or sex. He also addressed rumors that the birth was a secret. As for 'secretly fathered,' that is also false. , Elon Musk, to the 'New York Post'. All our friends and family know. Failure to issue a press release, which would be bizarre, does not mean 'secret.', Elon Musk, to the 'New York Post'. Musk and Zilis also had twins in 2021, months before the Tesla and SpaceX CEO had a second child with Grimes. Musk and Zilis also had twins in 2021, months before the Tesla and SpaceX CEO had a second child with Grimes. He had a third child with Grimes in 2023. In a 2022 tweet, Musk said that declining birth rates represent "the biggest danger civilization faces by far.". He also said, "Doing my best to help the underpopulation crisis.". Many countries are already well below replacement rate, and the trend is that almost all will be. This is simply a fact, not a 'debunked theory.', Elon Musk, to the 'New York Post'. Musk also fathered six children with Justine Wilson, although they lost their first child to Sudden Infant Death Syndrome (SIDS). He was married to the Canadian author from 2000 to 2008

Musk Threatens Ban After Apple Announces OpenAI Partnership

Musk Threatens Ban , After Apple Announces , OpenAI Partnership. Reuters reports that Elon Musk has threatened to ban Apple devices at his companies if the iPhone producer goes forward with plans to integrate OpenAI. Reuters reports that Elon Musk has threatened to ban Apple devices at his companies if the iPhone producer goes forward with plans to integrate OpenAI. Reuters reports that Elon Musk has threatened to ban Apple devices at his companies if the iPhone producer goes forward with plans to integrate OpenAI. That is an unacceptable security violation, Elon Musk, CEO of Tesla & SpaceX, via Reuters. And visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage, Elon Musk, CEO of Tesla & SpaceX, via Reuters. On June 10, Apple announced a number of new AI features to be introduced across the company's apps and operating platforms. . Apple also announced a new partnership with OpenAI that will see ChatGPT technology added to all of the company's devices. According to Apple, privacy was "at the core" of its efforts to integrate AI. It's patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!, Elon Musk, CEO of Tesla & SpaceX, via Reuters. Previously, Musk sued OpenAI and its CEO Sam Altman for abandoning the company's original mission to create AI for the betterment of humanity rather than profit. Previously, Musk sued OpenAI and its CEO Sam Altman for abandoning the company's original mission to create AI for the betterment of humanity rather than profit. Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT. Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT. Reuters reports that Musk's xAI has been valued at $24 billion, after raising $6 billion in series B funding during its last funding round

Hertz Sells Teslas for $25,000 Amid EV Slump

Hertz Sells Teslas for $25,000 , Amid EV Slump. Hertz Sells Teslas for $25,000 , Amid EV Slump. Hertz Global Holdings has been trying to unload Teslas since January. The move comes after Hertz revealed plans to buy hundreds of thousands of electric vehicles (EVs) in 2021. Our EVs can be found nationwide in most major metros and averaging around $25,000, Hertz spokesperson, via email to CNBC. The sale reflects the EV market's waning pace of growth. Even though sales of electric vehicles have "more than quadrupled from 2020 to 2023,". automakers are currently more concerned about selling hybrids, CNBC reports. . So if you've been eyeing a Tesla for a while but waiting for a more manageable price, Hertz' sale may be your answer. Hertz-certified vehicles undergo a 115-point inspection and come with a 12-month/12,000 mile warranty. Some used EVs are also eligible for tax credits. Used car expert Yossi Levi offered tips for purchasing used electric vehicles. The best bang for the buck for consumers in the market today, bar none, is the used electric vehicle. And the best-value purchase is likely a three-year-old EV, Yossi Levi, Car Dealership Guy, via CNBC

Some Early Tesla Bulls Are Ditching the Stock

Some Early Tesla Bulls , Are Ditching the Stock. Reuters reports that Tesla's shares are down about 30% this year. Since 2021, shares have fallen over 50%, causing the company to lose $600 billion in market value. . Q1 results fell short of analysts' expectations. As a result, many of Tesla's institutional shareholders are saying goodbye to the stock, Reuters reports. . Gabelli Funds sold all of its 65,900 shares in Q1. . It started to feel like the fundamentals were becoming detached from reality. , John Belton, a portfolio manager at Gabelli Funds, via NPR . We think the stock works best when there are auto company fundamentals that justify the stock price, John Belton, a portfolio manager at Gabelli Funds, via NPR . Ross Gerber of Gerber Kawasaki Wealth & Investment Management has sold about 200,000 Tesla shares this year. . I think the story is over, is the best way to say it, Ross Gerber of Gerber Kawasaki Wealth & Investment Management, via NPR. Over the last year and a half, Elon’s personal quests based on the way that he sees the world have superseded the interests of Tesla and its shareholders, Ross Gerber of Gerber Kawasaki Wealth & Investment Management, via NPR. However, not all of Wall Street has given up on the stock. Five mutual funds tracked by Morningstar increased their Tesla shares last quarter, and 19 analysts have given Tesla a "buy" or "strong buy" rating, Reuters reports.

Supreme Court Rules Against SEC's Authority to Impose Fines

Supreme Court Rules , Against SEC's Authority, to Impose Fines. NPR reports that the United States Supreme Court recently voted 6-3 against the Securities and Exchange Commission's policy on fraudulent conduct. . NPR reports that the United States Supreme Court recently voted 6-3 against the Securities and Exchange Commission's policy on fraudulent conduct. . Chief Justice John Roberts, writing for the court's conservative majority, said the current rules deprive accused transgressors of their constitutional right to a jury trial. . Chief Justice John Roberts, writing for the court's conservative majority, said the current rules deprive accused transgressors of their constitutional right to a jury trial. . The SEC relies on administrative law judges (ALJ) to make legal conclusions in cases brought before the agency. The Supreme Court's decision has the potential to send ripples through dozens of agencies, from labor rights to energy regulation. The Court did exclude from its decision those agencies dealing with federal benefits, while some conservative justices wanted the ruling to go further. The three liberal justices in dissent blasted the decision by the majority. . The case was brought by a former conservative radio host and hedge fund manager, George Jarkesy, following an SEC fraud investigation. The case was brought by a former conservative radio host and hedge fund manager, George Jarkesy, following an SEC fraud investigation. An in-house evidentiary hearing fined Jarkesy $300,000, ordered him to pay back almost $700,000 in ill-gotten profits and barred him from the securities industry. Jarkesy argued that he was entitled to a jury trial held in a federal court and that Congress lacked the power to delegate such authority to the SEC. NPR reports that Jarkesy's case was supported by a number of conservative and business groups, and individuals such as Elon Musk. NPR reports that Jarkesy's case was supported by a number of conservative and business groups, and individuals such as Elon Musk