Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
AMD CEO Lisa Su Heads to Samsung's South Korea Chip Facility Amid AI Expansion Talks 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys 
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout 
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Xiaomi's AI Model "Hunter Alpha" Mistaken for DeepSeek's Next Release 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Elon Musk reportedly sold billions of dollars worth of Tesla shares in recent years to pay off his tax bills before acquiring the X social networking platform at a stratospheric valuation. Those equity liquidations are finally coming back to haunt him.
Elon Musk Demands At Least 25% Ownership Of Tesla Through New Compensation Package
In response to an X post questioning the need for a new compensation plan for Tesla's CEO, Elon Musk struck a bombshell by stating that he was uncomfortable working at Tesla with his present voting power. Keep in mind that the mega-billionaire controls around 13% of the EV business, which equates to almost 412 million shares, as per WCCFTech.
Elon Musk went on to say that he had enough voting power at Tesla to be "influential" but not enough to prevent getting "overturned" on occasion. The ultra-billionaire then threw down the gauntlet, threatening to "build products outside of Tesla" if the EV giant's board did not agree to his terms.
Keep in mind that Tesla faced a trial in Delaware in 2022, during which certain shareholders claimed that Elon Musk's 2018 remuneration plan should be declared invalid by the court since it was the outcome of sham discussions and dictated by Musk himself. While the trial has been completed, a verdict in this case has yet to be issued.
Elon Musk's Diminished Voting Power and Shifting Focus in Tesla Amidst Evolving EV Market Dynamics
In a recent X post, Elon Musk stated that with less than 15% of Tesla's vote rights, overriding him is "too easy." Of course, today's fireworks occur as the usually effervescent buzz surrounding Tesla appears to have lost some of its luster.
According to Gary Black, a well-known Tesla bull, Elon Musk's vision of millions of connected robotaxis is unlikely to be achieved anytime soon. Instead, attention has shifted to Tesla's Autopilot ADAS's "supervised FSD" feature.
Meanwhile, as the EV industry cools, hybrid and ICE vehicles are poised to reclaim some of their lost market share.
