latest
Tesla Shareholders Face Big Decision on Musk’s $1 Trillion Pay and xAI Deal
AUSTIN, Texas — Tesla shareholders have begun voting on two major proposals ahead of the company’s annual meeting in November: a pay package for CEO Elon Musk that could reach $1 trillion and a potential investment in his artificial intelligence startup, xAI.....KINDLY READ THE FULL STORY HERE▶
The vote will be finalized at the 2025 Annual Shareholder Meeting scheduled for Nov. 6 at Tesla’s Gigafactory in Austin, Texas.
The most high-profile issue is Musk’s new compensation plan, which is tied to ambitious performance targets. If Tesla meets those goals, Musk could receive stock-based rewards worth up to $1 trillion, making it one of the largest executive pay packages in corporate history.
Tesla’s board of directors has endorsed the plan, arguing it is necessary to retain Musk as he divides his time between several high-profile ventures, including SpaceX, xAI and social media platform X.
“The board believes Elon’s leadership is essential for Tesla’s growth and innovation,” the company said in a statement to shareholders.
The second proposal asks investors to authorize Tesla to invest directly in xAI, Musk’s artificial intelligence company launched last year. Unlike the pay package, the board has not taken a position on this plan, citing potential conflicts of interest because Musk controls both Tesla and xAI.
Shareholders will be able to cast votes online or through their brokers until the deadline in early November. Tesla has released detailed instructions and voting guides to encourage retail investors to participate. The company has also reminded investors that every share counts, as turnout often determines close corporate votes.
Musk’s pay package has drawn criticism from governance experts and some investor groups. They argue that the scale of the reward is excessive and risks tying Tesla’s fortunes too closely to one individual. Others note that Musk already holds a large ownership stake in Tesla, giving him strong incentive to succeed.
“The package is breathtaking in size and raises questions about fairness to other shareholders,” said Charles Elson, a corporate governance specialist not involved with the vote. “It also reflects the unique dependence Tesla has on Musk’s vision and ability.”
Supporters counter that Musk has repeatedly delivered breakthroughs that transformed Tesla from a niche electric carmaker into one of the world’s most valuable automakers. They point to his track record of meeting difficult targets under a previous 2018 pay plan, which helped push Tesla’s market capitalization above $1 trillion.
The xAI proposal has also stirred debate. Backers say an investment could give Tesla access to cutting-edge artificial intelligence that might benefit its self-driving car technology and energy products. Critics warn that conflicts of interest could limit accountability and put Tesla shareholders at risk.
“The challenge is transparency,” said analyst Samantha Wu of Global EV Research. “Shareholders want to know whether Tesla’s money would be used for Tesla’s benefit, not just to support Musk’s other projects.”
Tesla has not disclosed the size of the possible investment in xAI, but analysts expect it could be significant. Musk has promoted xAI as a competitor to OpenAI and Google DeepMind, aiming to build safer and more human-aligned artificial intelligence systems.
The outcome of the votes will send a strong signal about investor confidence in Musk’s leadership. A rejection of the pay package would mark a rare pushback against one of the most influential executives in the world. Approval would cement Musk’s role at Tesla for years to come, while giving him potentially unprecedented personal wealth.
The November meeting is expected to draw widespread attention from Wall Street, technology analysts and Tesla’s large base of retail investors. Many are watching to see how the balance between Musk’s influence and shareholder oversight will play out.
Tesla said results of the vote will be announced shortly after the annual meeting.
For now, shareholders large and small are weighing the future of the world’s most valuable electric car company — and the billionaire who leads it.
latest
Defection Rumors Crushed: NDC Breaks Silence On Kwankwaso’s Alleged Exit.
The Nigeria Democratic Congress (NDC) has officially refuted claims that vice-presidential candidate Rabiu Kwankwaso is considering a departure from the party. Speaking on Arise News this past Saturday, National Publicity Secretary Osa Director dismissed allegations of a rift over Kano State candidate selections as “conjectures and media speculations” orchestrated by political opponents to destabilize the party. Director emphasized that Kwankwaso never threatened to defect, attributing the rumors to external interests attempting to manufacture a crisis. While the speculation followed the replacement of several nominees from the Kwankwasiyya movement, NDC Kano State Chairman Hussaini Mairiga clarified that these adjustments were made to maintain a pre-existing 60/40 power-sharing agreement between the Kwankwasiyya bloc and the established party structure. NDC leadership maintains that nomination-related friction is a normal part of coalition building and stated that internal dialogues are ongoing to resolve these matters.....KINDLY READ THE FULL STORY HERE▶
The NDC is pushing back against reports that Rabiu Kwankwaso threatened to exit the party due to disputes over Kano State candidate nominations. National Publicity Secretary Osa Director labeled the claims as baseless media speculation, stating, “At no time did our leader, Kwankwaso, threaten to leave the party.” The rumors emerged following the replacement of several nominees linked to the Kwankwasiyya movement. Party officials explained that these changes were standard adjustments to honor a 60/40 power-sharing deal between the Kwankwasiyya bloc and the wider NDC structure. Dismissing the narrative of internal turmoil as a deliberate attempt to undermine the party ahead of the 2027 election cycle, the NDC insisted that consultations to address candidate concerns are already underway.
Option 3: Concise News-Style
-
Headline: NDC Denies Kwankwaso Exit Rumors
-
Body: The Nigeria Democratic Congress (NDC) has slammed reports of a potential exit by vice-presidential candidate Rabiu Kwankwaso. Party spokesperson Osa Director clarified on Arise News that the former Kano State governor remains fully committed to the party, dismissing rumors of a rift over candidate lists as an orchestrated smear campaign by opponents. The controversy stemmed from adjustments made to Kano State nominations to uphold a specific 60/40 power-sharing ratio between the Kwankwasiyya movement and the party’s established wing. Officials stated that such internal disagreements are common in a growing coalition and affirmed that efforts to resolve the nomination issues through dialogue are ongoing.
latest
Amorim To Milan? The Tactical Genius Confirms Readiness For Serie A Challenge.
AC Milan is nearing a deal to appoint Rúben Amorim as their next head coach, as the 41-year-old manager is reportedly prepared to accept all terms negotiated with the club. According to transfer expert Fabrizio Romano, the former Sporting CP and Manchester United coach is aligned with Milan’s long-term sporting goals and is awaiting final approval from the club’s leadership to officially begin his tenure at the San Siro. While the club has evaluated multiple candidates in recent weeks, discussions with Amorim have reached the final stages, with a decision expected in the coming days.....KINDLY READ THE FULL STORY HERE▶
Former Manchester United manager Rúben Amorim has signaled his readiness to lead AC Milan, with reports indicating he is prepared to agree to all conditions discussed during recent negotiations. Transfer insider Fabrizio Romano confirmed that Amorim is eager for the role and is currently waiting for a final “green light” from Milan’s hierarchy to move forward. After weeks of assessing various candidates to lead the club into a new era, Milan’s leadership is expected to finalize their decision shortly, with Amorim currently the frontrunner for the position.
Option 3: Punchy/News-Style
-
Headline: Rúben Amorim Nears AC Milan Appointment
-
Body: AC Milan is on the verge of securing Rúben Amorim as their new head coach. The Portuguese manager has reportedly accepted the club’s conditions and is now waiting for official approval to finalize the move. Transfer expert Fabrizio Romano noted that Amorim is enthusiastic about the opportunity at the San Siro and is fully committed to the club’s future vision. With the selection process nearing its end, Milan’s hierarchy is set to make a definitive announcement in the near future.
latest
Legal Showdown: Former Imo Governor Launches Explosive Lawsuit Against Kenneth Okonkwo.
Former Imo State Governor, Achike Udenwa, has initiated a lawsuit against African Democratic Congress (ADC) chieftain Kenneth Okonkwo following allegations of extortion. Okonkwo had accused Udenwa, alongside other South-East leaders like Peter Obi and Onyema Ugochukwu, of extorting aspirants seeking elective positions under the Nigerian Democratic Congress (NDC). In response, Udenwa’s legal counsel has demanded a retraction, a public apology, and ₦5 billion in damages. Separately, Peter Obi’s legal team has also threatened a lawsuit against Okonkwo for similar defamatory claims involving allegations of financial irregularities and ₦10 million bribery charges related to party ticket distribution. Obi has categorically dismissed these accusations, asserting that he operates strictly within legal guidelines and has maintained a clean record throughout his career in public service.....KINDLY READ THE FULL STORY HERE▶
Kenneth Okonkwo is facing significant legal pressure after accusing prominent South-East political figures, including former Governor Achike Udenwa and Peter Obi, of extorting aspirants for party tickets. Udenwa has formally filed a lawsuit against Okonkwo, demanding a public apology and ₦5 billion in damages for the allegations made during a television interview. Peter Obi has similarly rejected Okonkwo’s claims of financial misconduct, with his legal team demanding a retraction and damages of ₦5 billion under the threat of litigation. Obi defended his political integrity, stating that he refuses to participate in the corrupt practices he has spent his career opposing, noting that he would have acted differently if he were interested in illicit gain while in office.
Option 3: Punchy/News-Style
-
Headline: Legal Storm: Kenneth Okonkwo Hit with Lawsuits by Udenwa and Obi
-
Body: Kenneth Okonkwo is under fire after alleging that South-East political leaders, specifically Achike Udenwa and Peter Obi, extorted political aspirants for tickets. Achike Udenwa has responded with a ₦5 billion defamation lawsuit, demanding a full retraction and public apology. Peter Obi’s team has followed suit, issuing a similar demand for ₦5 billion in damages and a retraction, while Obi himself has publicly denounced the “rascal” allegations as baseless. Obi emphasized that his commitment to ethical governance remains steadfast, challenging the premise of the accusations by highlighting his clean departure from public office.
-
latest10 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
