Ex-top Tesla engineer raises $140 million to rewire the electric grid
Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that move power to the grid more efficiently.
Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that move power to the grid more efficiently.
The gap between the planet’s two wealthiest people has never been larger heading into the New Year.
Musk is closing in on the $800 billion mark as his net worth sets a new record.
Tesla ceded the crown of the world’s biggest EV maker to Chinese rival BYD for the first time.
The world’s richest person just hit another major milestone thanks to the soaring valuation of his rocket maker SpaceX.
Tesla shareholders approved a compensation package Thursday for CEO Elon Musk that could be worth close to $1 trillion, a deal proposed by Tesla’s board as crucial to keeping the world’s richest man at the company, though the payment plan was challenged in recent weeks by some of the automaker’s largest shareholders.
Big funds, advisory firms and the Pope oppose the exorbitant plan. Approval means shareholders think the polarizing, distracted CEO can top past successes with an AI-powered strategy.
Musk is now half-way to becoming the first ever trillionaire.
Elon Musk hypes the AI-enabled system, and getting more people to buy it is key to his new pay package. But in a recent test, it ignored some street signs and squashed a mannequin child.
To receive the maximum compensation, Musk would be required to boost Tesla’s market cap from $1 trillion today to $8.5 trillion in the next 10 years.