Money

Tesla shareholders approve historic $56B Elon Musk pay package

Published

2 weeks ago

June 14, 2024

Nathan Langridge, Reuters

Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

Money

Microsoft reclaims the market throne after Nvidia shares fall 16%

Published

1 day ago

June 25, 2024

Nathan Langridge

Nvidia briefly soared to become the world’s largest company, but its stock has since plunged 16% amid market volatility.

The big three tech giants, Microsoft, Apple and Nvidia have been engaged in a race for the top spot in market capitalisation.

Nvidia held the lead for a brief period but now its stock has since plunged 16%, with Microsoft once again becoming the most valuable company worldwide.

Jess Amir from MooMoo joins to discuss the latest. #featured #trending

Money

Ferrari’s debut high-performance electric vehicle will be priced above $500,000

Published

2 days ago

June 24, 2024

Nathan Langridge

Ferrari has unveiled details about its inaugural electric car, slated to be priced upwards of $500,000, as first reported by Reuters.

This announcement comes amidst growing global interest and competition in electric vehicles, with Ferrari aiming to blend its iconic design prowess with sustainable technology.

The Italian automaker, renowned for its high-performance sports cars, is expected to maintain its commitment to superior craftsmanship and engineering excellence in its electric offering.

Following the EV announcement, Ferrari also confirmed plans to establish a new manufacturing plant aimed at enhancing production flexibility and significantly reducing car development times.

Mike Costello from Cox Automotive joins to discuss the latest in EVs. #featured #trending

Money

Nvidia surpasses Microsoft as the most valuable company in the world

Published

6 days ago

June 20, 2024

Nathan Langridge

Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.