CEO Elon Musk | DD News

April 23, 2026 3:10 PM

Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams

Tesla sharply raised its spending plan to more than $25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics and chips - moves he said were "well justified" to build big future revenue streams. The EV maker's investors took a more skeptical view, pushing its stock down 2.4% after these remarks on a post-earnings call with analysts on Wednesday. The shares had risen as much as 4% after the bell as Tesla reported positive free cash flow in the first quarter. "...

November 7, 2025 9:11 AM

Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company's annual meeting at its factory in Austin, Texas, accompanied by dancing robots. Musk, already the world's richest person, could get as much as $1 trillion in stock over the next decade, although requir...

August 8, 2025 3:20 PM

Tesla to streamline its AI chip design work, Musk says

Tesla will streamline its AI chip research to focus on its development of inference chips used to run AI models and make real-time decisions, CEO Elon Musk said, after a media report he had ordered the closure of the in-house Dojo supercomputer team. Bloomberg News on Thursday cited people familiar with the matter as saying Musk had ordered the Dojo team to be disbanded, with team leader Peter Bannon departing the company. Tesla did not reply to a Reuters request for comment. The Dojo superco...

July 1, 2025 11:41 AM

Trump suggests DOGE look at Musk’s companies to save money

U.S. President Donald Trump suggested on Tuesday that his efficiency department should take a look at the subsidies that Tesla CEO Elon Musk's companies have received in order to save the federal government "BIG" money. Trump's comments come after billionaire Elon Musk renewed his criticism on Monday of Trump's sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending. "Elon may get more subsidy than any human being in histor...

June 23, 2025 11:11 AM

Tesla rolls out robotaxis in Texas test

Tesla deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon Musk announcing the "robotaxi launch" and social-media influencers posting videos of their first rides. The event marked the first time Tesla cars without human drivers have carried paying riders, a business that Musk sees as crucial to the electric car maker's financial future. He called the moment the "culmination of a decade of hard work" in a post on his social-media pl...

September 23, 2024 3:02 AM

SpaceX plans to send five uncrewed Starships to Mars in two years, Musk says

SpaceX plans to launch about five uncrewed Starship missions to Mars in two years, CEO Elon Musk said on Sunday in a post on social media platform X. Earlier this month, Musk had said that the first Starships to Mars would launch in two years "when the next Earth-Mars transfer window opens." The CEO on Sunday said that the first crewed mission timeline will depend upon the success of the uncrewed flights. If the uncrewed missions land safely, crewed missions will be launched in four years. How...