American billionaire Elon Musk could get 56% voting control in SpaceX-Tesla merger
A SpaceX-Tesla merger could hand Elon Musk majority voting control of the combined company without him hitting the targets in his $1 trillion pay plan.
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A SpaceX-Tesla merger could hand Elon Musk majority voting control of the combined company without him hitting the targets in his $1 trillion pay plan.
Elon Musk's net worth dropped about $68 billion in October to $865 billion as an AI stock sell-off pushed SpaceX shares toward their IPO price.
SpaceX and Tesla have each formed special committees to study a merger, Elon Musk said, in what would be the largest corporate deal ever.
Tesla’s third-quarter data implies about 28,000 to 32,000 Cybertrucks a year, at most 13% of the 250,000 billionaire Elon Musk targeted.
President Trump presented the National Medal of Science to Elon Musk, Sergey Brin, Jensen Huang and Lisa Su, and the technology medal to Michael Dell and Satya Nadella, at a White House science summit.
Elon Musk's net worth rose back above $1 trillion on Monday as SpaceX shares reached their highest level since mid-June and Tesla also gained, according to Bloomberg and Forbes.
Tesla has begun delivering its Semi electric truck to first customers this week, nine years after Elon Musk unveiled it and days after a record 2,500-truck order.
AFL-CIO data shows Tesla's CEO-to-worker pay ratio hit 2,522,203-to-1 in 2025, with Elon Musk credited with $158.3 billion in compensation against a median employee salary of $57,243.
Tesla, SpaceX and Intel are building Terafab, a 100 million square foot chip plant in Texas, with a first phase costing $16.8 billion.
Tesla and SpaceX are committing $16.8 billion to break ground on Terafab, a colossal chip factory outside Houston that could eventually cost $119 billion.
Elon Musk's net worth has fallen below $900 billion as SpaceX shares slide toward their IPO price, wiping more than $500 billion since June.
Elon Musk has reclaimed trillionaire status after SpaceX and Tesla shares surged on Monday, adding $62 billion to his fortune in a single trading session.
Elon Musk has lost close to $100 billion in paper wealth in days as SpaceX shares tumbled more than 26 percent from their post-IPO peak.
Elon Musk has confirmed that roughly 4 million Tesla vehicles with Hardware 3 cannot achieve unsupervised Full Self-Driving, reversing years of promises that a software update would be enough.
Elon Musk has launched Tesla robotaxis in Dallas and Houston, expanding to four US cities as analysts peg the autonomous ridesharing market at over $1 trillion.