Elon Musk's SpaceX Sued by Jeff Bezo's Blue Origin

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

Tesla shareholders have ratified Elon Musk's massive 2018 stock options package, challenging a previous court ruling that voided the pay plan. Despite a January decision by Delaware Judge Kathaleen McCormick citing undue influence and misinformation, Tesla argues the shareholder vote nullifies the ruling. The legal team representing the shareholders is pushing back, seeking billions in legal fees. The outcome hinges on upcoming court arguments and Judge McCormick’s interpretation of the shareholder vote's impact.

Jeff Bezos files a public complaint with the FAA.

The FAA's decision on the requested restrictions for SpaceX's Starship launches will be closely watched, given the significant investments and high stakes for both companies involved in this high-profile space race.

Elon Musk's strategic decisions regarding Nvidia chips are indicative of his broader vision for AI across his various enterprises. While the immediate reallocation may pose challenges for Tesla, the long-term prospects for AI advancements remain strong, driven by significant investments and ongoing developments in supercomputing capabilities.

Tesla Faces Legal Showdown Over Musk's $56 Billion Pay Package and Billion-Dollar Legal Fees

In a heated legal battle, Tesla shareholder Richard Tornetta's legal team has made a bold demand for $1.44 billion in fees after successfully challenging Elon Musk’s controversial 2018 CEO Performance Award. Initially seeking over $5 billion, the legal team now proposes an adjusted hourly rate of $73,948. Tesla fiercely contests this claim, arguing for a far lower payout. As the Delaware Court of Chancery prepares to rule, this case spotlights the high stakes and intense conflicts over executive compensation and corporate governance.

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

Elon Musk recently expressed his disapproval after Melinda French Gates endorsed President Joe Biden for the upcoming election. Gates, who had never endorsed a presidential candidate before, announced her support for Biden on social media platform X, stating the election's significant consequences for women and families.

Despite past missed targets, Musk asserted that the development of autonomous technology is accelerating. He confidently predicted that Tesla’s market valuation could soar from its current $585 billion to over $5 trillion by 2029, driven primarily by the adoption of autonomous vehicles.