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Political and economic observers might want to familiarize themselves with the wonky concept of 'impoundment.' Donald Trump (and 'first buddy' Elon Musk) could make it front and center in 2025.
Tesla pledged to keep fighting for Elon Musk's $56 billion pay to be restored, a battle that could make it all the way to the highest US court.
Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
Elon Musk hit out at a Delaware judge's latest rejection of his huge ... The compensation plan was introduced in 2018 and was worth about $56 billion when McCormick first struck it down in January.
In March 2020, in response to a request to repurpose the Tesla factory to make urgently needed ventilators, Musk promised that Tesla would make ventilators "if there is a shortage". [ 262 ] [ 263 ] [ 264 ] When Nate Silver responded that there was a current shortage, Musk replied, "Ventilators are not difficult, but cannot be produced instantly.
Elon Musk in 2023 Elon Musk is the wealthiest person in the world , with an estimated net worth of US$486 billion as of December 2024 [update] , according to the Bloomberg Billionaires Index , and $464 billion according to Forbes , primarily from his ownership stakes in Tesla, Inc. and SpaceX .
President-elect Donald Trump listens to Elon Musk as he arrives to watch SpaceX's mega rocket Starship lift off for a test flight from Starbase in Boca Chica, Texas, Tuesday, Nov. 19, 2024.
Most bosses are defeating attempts so far this year to tamp down their pay. The question now is whether Tesla CEO Elon Musk can do the same.Just two companies out of 340 that held shareholder ...