Tesla’s CEO Elon Musk has received a vote of confidence from the company’s shareholders, who have approved a massive $56 billion compensation package. The shareholders have also backed the plan to relocate Tesla’s headquarters from Delaware to Texas. Despite the opposition from some institutional investors and proxy advisory firms over concerns of excessive generosity and… Continue reading Tesla Shareholders Endorse Musk’s $56 Billion Compensation Amidst Legal Challenges
Tag: Tesla
Tesla Offers Discounts in Germany as Inventory Surplus Looms; GM and Hyundai Gain EV Market Share
Tesla Inc. is tackling an inventory challenge, with satellite images revealing an excess of unsold Model Y cars in Austin, Texas. In response to this buildup, the electric vehicle giant is offering a 6,000 Euro discount on the Model Y in Germany, applicable to all variants until June 30, 2024. Despite this move, Tesla’s European… Continue reading Tesla Offers Discounts in Germany as Inventory Surplus Looms; GM and Hyundai Gain EV Market Share
Elon Musk’s Pivot Disrupts Tesla’s AI Drive, Diverts Nvidia Chips to Other Ventures
Tesla’s ambitions in artificial intelligence (AI) and autonomous driving have hit a snag as CEO Elon Musk redirects critical Nvidia processors to his other ventures, social media company X and AI firm xAI. This strategic shift has delayed the receipt of graphics cards worth over $500 million, potentially slowing the development of Tesla’s autonomous vehicles… Continue reading Elon Musk’s Pivot Disrupts Tesla’s AI Drive, Diverts Nvidia Chips to Other Ventures
Tesla’s Texas Gigafactory Poised to Boost AI and FSD Capabilities with Nvidia Chips
Tesla is gearing up for significant advancements in artificial intelligence and autonomous driving as the company prepares to spend an estimated $10 billion on AI this year, with approximately half of that budget allocated for internal projects. The company’s CEO, Elon Musk, has disclosed that Tesla will acquire $3-4 billion worth of Nvidia chips to… Continue reading Tesla’s Texas Gigafactory Poised to Boost AI and FSD Capabilities with Nvidia Chips
Musk’s Chip Shuffle: Tesla’s AI Development Faces Delays as Nvidia Processors Diverted to X and xAI
Elon Musk, CEO of Tesla, has redirected critical Nvidia AI chips, initially intended for Tesla’s AI development, to his other companies, X and xAI. This move has delayed the delivery of $500 million worth of processors to Tesla, potentially impacting the advancement of autonomous vehicles and human-like robots. Musk justified the decision by stating that… Continue reading Musk’s Chip Shuffle: Tesla’s AI Development Faces Delays as Nvidia Processors Diverted to X and xAI