Tag: Tesla, Inc.

BusinessInnovationTechnology

Musk Slams Proxy Advisors as ‘Corporate Terrorists’ Amid Growing Influence Over Corporate Elections

Tesla CEO Elon Musk has launched a blistering attack against leading proxy advisory firms, labeling them “corporate terrorists” after they opposed his compensation package. The confrontation underscores the growing influence these firms wield over corporate governance decisions as more investors enter stock markets.

Executive Outburst Highlights Proxy Power Struggle

Elon Musk’s fiery criticism of proxy advisory firms this week has thrown a spotlight on what analysts suggest is a fundamental shift in corporate governance dynamics. The Tesla CEO reportedly labeled Institutional Shareholder Services and Glass Lewis “corporate terrorists” during an earnings call, claiming they “have no freaking clue” after ISS recommended against his nearly $1 trillion compensation package. According to reports, Musk argued that past recommendations from these firms “would have been extremely destructive to the future” of Tesla.

by Owen Holt
AIEnergyTechnology

Nvidia Invests in $6 Billion Battery Recycler to Fuel AI Energy Demands

Nvidia’s venture arm joins a major funding round for Redwood Materials, the battery recycling firm founded by Tesla cofounder JB Straubel. The investment aims to tackle energy constraints in AI data centers by converting recycled batteries into grid storage systems, according to reports.

Strategic Investment in Sustainable Energy

Nvidia’s venture capital division has participated in a $350 million funding round for Redwood Materials, according to sources familiar with the deal. The investment reportedly values the battery recycling company at over $6 billion and signals a strategic move to address the growing energy demands of artificial intelligence infrastructure.

by Owen Holt