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Tesla shareholders approve Elon pay package, Texas reincorporation
Bay Area Times
June 14, 2024
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Top stories today:
- Tesla shareholders approve Elon pay package, Texas reincorporation
- Paradigm raises $850M crypto fund, after $2.5B fund in 2021
- Adobe’s revenue +10% to $5.31B, stock +17% on positive guidance
- WhatsApp now allows 32 participants in video calls
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
% of votes was not disclosed.
Still uncertain: Elon’s 2018 pay package, which is currently worth $48B and could still be rejected by Delaware courts. If that happens, Elon/Tesla could try re-approving it a 3rd time, now being incorporated in Texas.
Elon said $25T of market cap could be created by the Optimus humanoid robots they are developing.
1,000s of robots working in Tesla factories by year-end, Elon predicts.
Trump is a huge fan of the Cybertruck and calls Elon “out of the blue for no reason,” he said.
2. Paradigm raises $850M “earliest stage” crypto fund, after $2.5B fund in 2021
1st fund after co-founder Fred Ehrsam stepped down as managing partner in Oct.
“New infrastructure is enabling consumer applications,” reads the press release.
Focus on early stage in line with the growth of consumer apps using blockchain.
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