Elon Musk persuades Tesla investors to restore his $50 billion pay package

Starlink's Launch in Indonesia Elon Musk's SpaceX has launched its Starlink satellite internet service in Indonesia, aiming to provide high-speed internet access across the archipelago. The service promises to bridge connectivity gaps, especially in remote regions where traditional internet infrastructure is insufficient. The launch event in Bali also saw Musk participating in the 10th World Water Forum, addressing global water and sanitation challenges. This move aligns with Indonesia's Golden Indonesia 2045 Vision, which aims to position the country among the top five global economies by 2045​ . During Tesla's Q1 earnings call, Elon Musk outlined an accelerated timeline for the production of new, affordable EV models, expected to start by early 2025. Musk also revealed ongoing talks with a major automaker to license Tesla's full self-driving technology, a move that could significantly impact the autonomous vehicle industry. Additionally, Tesla plans to launch a robotaxi service, branded as "cyber cab," in August 2024, integrating autonomous vehicles into urban transportation networks. The announcements caused Tesla's stock to rebound, reflecting renewed investor confidence​

Neuralink, the brain-implant startup founded by Elon Musk, is facing legal action from a former employee, Lindsay Short, who claims she was forced to work with monkeys carrying the Herpes B virus under unsafe conditions. The complaint, filed in California state court, also alleges retaliation and wrongful termination following her announcement of pregnancy.

OpenAI is considering transitioning to a for-profit structure to give CEO Sam Altman more control, while retaining a core nonprofit mission. This change would mean the board of directors, currently part of the nonprofit structure, would lose authority over the new for-profit component.

Tesla is moving to Texas

In a stunning turn of events, SpaceX's Falcon 9 rocket aborted its launch just seconds after engine ignition on Friday, halting the deployment of 22 Starlink satellites. This dramatic scrub marks the third postponement for the mission amid adverse weather, leaving SpaceX to scramble for a new launch date while potentially disrupting its packed schedule, including the upcoming Astra 1P satellite launch.

In this week's "Elon Musk Weekly News Update," we dive into the latest headlines from Tesla, SpaceX, X (formerly Twitter), and Neuralink. Discover Tesla's newest electric vehicle advancements and how they're pushing the boundaries of innovation. Get the scoop on SpaceX's ambitious missions and future plans for space exploration. Stay updated on Neuralink's groundbreaking work in brain-machine interface technology. Plus, learn about the latest developments at X. It's your go-to source for all the exciting news about Elon Musk and his groundbreaking ventures. Hey! We'll both earn $50 when you join Current and receive a qualifying Direct Deposit. Terms apply. Just use my link or code when signing up. Code: WILLIAMW243 ⁠⁠⁠⁠https://current.com/get-started/?creator_code=WILLIAMW243⁠

The Starship system is a fully reusable, two‑stage‑to‑orbit super heavy‑lift launch vehicle under development by SpaceX. The system is composed of a booster stage named Super Heavy and a second stage, also called "Starship"

Tesla (TSLA.O), shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.

X's rollout of private likes for all users marks a significant shift towards enhancing user privacy and promoting authentic engagement on the platform. This change, alongside updated policies on adult content, reflects X’s broader strategy to create a safer, more inclusive digital environment.

The vote will determine Musk’s future role at Tesla and could influence the company’s direction amid ongoing challenges. Investors must weigh Musk’s potential departure against his leadership contributions and Tesla’s needs. The decision will shape Tesla’s path forward in the competitive electric vehicle market and its broader technology ambitions.