News

Tesla grants $30 billion in shares to Musk

Tesla awards $30bn in shares to Elon Musk after his threat to leave the company over stock concerns

Published

6 months ago

August 4, 2025

Ahron Young

Tesla awards $30bn in shares to Elon Musk after his threat to leave the company over stock concerns

In Short:
– Tesla’s board approved granting 96 million shares to Elon Musk after his threat to leave.
– The decision aims to retain Musk’s leadership amid his legal issues and concerns about control within the company.

Tesla’s board approved granting 96 million shares, worth approximately $30 billion, to Elon Musk following his threat to leave the company if he did not receive more stock.

The decision was recommended by a special committee, consisting of chair Robyn Denholm and Kathleen Wilson-Thompson, and subsequently approved by the board.

The company stated in a letter to shareholders that retaining Musk is crucial and that this award aims to incentivise his continued leadership.

Musk’s ongoing legal battle in Delaware over a previous pay package – a $56 billion deal deemed excessive by a judge – has contributed to his recent threats of leaving.

Control Issues

Musk expressed concerns about his influence within Tesla, explaining the need for a balance of control to ensure the company’s positive direction while allowing for accountability.

If his previous pay package is reinstated, his ownership in Tesla could rise from nearly 13% to over 20%. Musk would pay $23.34 per share for the restricted stock.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

19 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

20 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

20 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion