World Business Report Tesla awards $29bn of shares to Elon Musk
Aug 4, 2025
Tesla's board is considering awarding Elon Musk $29 billion in shares to keep him at the helm, stirring debates around shareholder value. Tensions rise as President Trump threatens tariffs against India over its Russian oil dealings, leading to concerns about global trade dynamics. Meanwhile, a quirky trend of 'fake' weddings in India is becoming popular among youth who want the celebration without the commitment. These diverse topics highlight the intersections of wealth, diplomacy, and social phenomena in today's world.
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Elon Musk's AI Vision Is Key
- Tesla's board sees Elon Musk as crucial for the future of AI, robotics, and robo-taxis.
- They awarded him $29 billion in shares to maintain his focus on Tesla's AI-driven vision.
Tesla's AI Pivot Under Musk
- Elon Musk's focus is shifting towards AI through his company XAI.
- Tesla is likely to pivot from EVs towards AI and robotics, aligning with Musk's interests.
Tesla Board Aligns With Musk
- Despite potential legal challenges, Tesla's board is highly influenced by Musk.
- Minority shareholders have limited power over Tesla's decisions due to board alignment.