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Industry Car Tech

Tesla shareholders approve $1 trillion pay package for Elon Musk

The landmark package strengthens Musk's control over Tesla but faces ongoing scrutiny from proxy advisors and the courts
The big picture: For Tesla shareholders, the vote represents both a consolidation of Musk's authority and a long-term bet on his ability to sustain dramatic growth across markets – from electric vehicles to autonomous systems and humanoid robotics – over the next decade. It also underscores how closely investors continue to tie Tesla's valuation to Musk's leadership, even as questions about governance, execution risk, and market saturation become increasingly pronounced.
Full story By Skye Jacobs, 59 comments
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Industry News Around the Web

Intel faces shareholder class-action lawsuit for allegedly concealing foundry business problems

Intel execs are accused of making "materially false and misleading" statements
What just happened? Things are going from bad to worse for Intel. In addition to the nightmare that is the Raptor Lake CPU crisis and the backlash over eliminating 15,000 jobs, the company is now being sued by shareholders over accusations it fraudulently concealed problems in its foundry business.
Full story By Rob Thubron,
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