Key Takeaways The law firm Richards, Layton & Finger has drafted a bill to revise Delaware corporate law, potentially reinstating Elon Musk’s 2018 Tesla pay package. Chancellor Kathaleen McCormick rescinded Musk’s pay package in 2024, citing it was improperly set with misleading shareholder proxy materials. The proposed bill aims to reduce scrutiny on transactions involving…
Key Takeaways Tesla is launching its first stores in India, with locations chosen in New Delhi and Mumbai. Elon Musk met with India’s PM Narendra Modi, reigniting plans for Tesla’s entry into the Indian market. The New Delhi store will be in the Aerocity area, near the international airport, while Mumbai’s store will be in…
Key Takeaways Tesla’s new Model Y production has officially started, aiming for global dominance, with factories in Giga Shanghai and Berlin ramping up. The new Model Y succeeds the immensely popular Model Y classic, which was the world’s best-selling vehicle in 2023 and 2024. Updated features of the new Model Y include a revamped exterior…
Key Takeaways Grok-3, the latest Large Language Model from Elon Musk’s xAI, is a significant advancement, much more capable than its predecessor, Grok-2. Developed using xAI’s Colossus supercluster, Grok-3 benefits from 200,000 GPUs, making it the world’s largest fully connected H100 supercluster. The training process for Grok-3 was over 10 times more extensive than Grok-2,…
Key Takeaways Elon Musk’s $100bn offer for OpenAI was officially rejected, but it may still serve Musk’s strategy to complicate OpenAI’s plans. OpenAI’s unusual structure, combining non-profit and for-profit elements, is part of the strategic play, with Musk attempting to inflate the costs of transitioning to a for-profit model. Musk’s proposal is seen as an…
Key Takeaways The Royal Society is considering expelling Elon Musk due to his political behavior, a rare action not taken in over 150 years. Over 2,700 scientists have signed an open letter demanding Musk’s removal, citing breaches of the society’s conduct code. Stephen Curry highlighted Musk’s support for conspiracy theories and his political involvement as…
Key Takeaways A U.S. District Court Judge denied Tesla’s request to block Matthews International Corporation from selling its dry battery electrode technology. Tesla claims Matthews owes them over $1 billion in damages for allegedly stealing trade secrets. Matthews argues its dry battery electrode technology predates Tesla and is protected by its own patents. Following the…
Key Takeaways Tesla is refocusing on the Indian market following a meeting between Elon Musk and PM Narendra Modi. Tesla has started posting job openings in India, with roles such as Service Manager and Customer Support Supervisor being advertised. The advertised positions are located primarily in Mumbai Suburban, indicating a geographical focus area. The Business…
Key Takeaways Elon Musk reiterated plans for xAI to develop an AI-based game studio, aiming to innovate gaming through advanced AI. Main discussion points include Musk’s enthusiasm for the gaming industry and the desire to create games independently from large corporations. Musk has a history with video games, having developed “Blastar” in 1984, and frequently…
Key Takeaways Elon Musk humorously responded to a Babylon Bee article about a hypothetical Tesla van that could fit all his 13 children. The discussion gained traction due to the recent birth of Musk’s 13th child. Musk’s response referenced Tesla’s recently unveiled Robovan, a 20-person autonomous vehicle. The Robovan, inspired by 1930s Art Deco trains,…