With SpaceX shares soaring on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.
With SpaceX shares soaring on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.
With SpaceX shares soaring on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.
With SpaceX shares soaring on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.
Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all.
Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.
Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.
The Italian sports car maker unveiled Luce, its first all-electric model, on Monday amid wider worries about the luxury E.V. market.
Readers discuss the effects of billionaires on U.S. society and politics. Also: Electric cars; President Trump’s personal ICE; an invitation to teenagers.
The megabillionaire was tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting Donald Trump’s re-election, according to a Times examination.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
In the face of shareholders, corporate boards and even judges, Tesla’s chief executive shows what he can get away with.
Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
Despite a drop in Tesla profit, the billionaire exhorted investors to back his proposed compensation package, or face consequences.
The justices on the State Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
Robyn Denholm, normally media shy, is campaigning to get shareholders to back the chief executive’s trillion-dollar compensation package.
Tesla’s board unveiled a compensation package for the chief executive that could be worth $900 billion if he meets ambitious targets.