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Elon Musk says money alone cannot bring happiness

World’s richest man Elon Musk has echoed the old saying that money cannot buy happiness.​ In a post on X, formerly Twitter, the Tesla and SpaceX chief wrote that whoever said money cannot buy happiness really knew what they were talking about. The comment was widely seen as a rare personal reflection on the pressures that come with extreme wealth and global attention.​ The post quickly went viral, attracting over 47 million views and more than 334,000 likes within hours. Many users responded by sharing their own views on success, mental health and the limits of money.​ The conversation resonated strongly in Nigeria, where social media users linked Musk’s message to Adekunle Gold’s 2021 hit It Is What It Is. In the song, the Afrobeats star similarly notes that money does not automatically bring happiness, a lesson he says he […]

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Elon Musk’s record $1 trillion Tesla pay package faces shareholder vote

Tesla shareholders are set to vote Thursday on whether to approve a record-breaking $1 trillion pay package for CEO Elon Musk — a deal that could cement his control over the company but has drawn intense scrutiny from investors and governance experts. The package, tied to performance-based milestones in market capitalization, profit, and production, would be the largest compensation deal in corporate history. If approved, it could raise Musk’s ownership stake in Tesla from about 12 percent to over 25 percent. Tesla Chair Robin Denholm has led a public campaign in recent weeks to rally support for the plan, arguing that Musk’s leadership is vital to maintaining the company’s innovative edge. “Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become — a transformative force in mobility, energy, and […]

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Tesla Halts Orders in China on U.S. Imported Models

Tesla has temporarily suspended orders for its U.S.-manufactured vehicles in China, signaling potential challenges in navigating trade dynamics and shifting consumer demand in the world’s largest electric vehicle (EV) market. The move, confirmed by the company’s Chinese website, applies to imported Model S and Model X vehicles, raising questions about supply chain adjustments, tariff pressures, and Tesla’s localization strategy. Industry analysts suggest the pause reflects Tesla’s efforts to prioritize production at its Shanghai Gigafactory, which manufactures cheaper, locally made Model 3 and Model Y vehicles tailored to Chinese consumers. Imported U.S. models face steep tariffs and longer delivery times, making them less competitive against domestic rivals like BYD and NIO. By halting orders, Tesla may be streamlining operations to focus on cost-effective, locally produced EVs amid rising competition and economic headwinds. The decision also underscores broader tensions in U.S.-China trade […]

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Tariffs Could Give Tesla and Musk a Leg Up on Rivals

While Tesla isn’t immune to President Trump’s new 25% tariffs on imported cars and parts, it could emerge in a stronger position than competitors. Unlike GM, Ford, and foreign automakers, Tesla builds all its U.S.-sold vehicles domestically—avoiding the steepest tariffs on finished cars. However, its costs will still rise due to duties on imported components like batteries and motors. Tesla’s Competitive Edge Tesla’s Model Y and Model 3, America’s top-selling EVs, could gain an advantage over rivals like GM’s Chevrolet Equinox EV and Ford’s Mustang Mach-E, which are assembled in Mexico and rely more on imported parts. The tariffs may widen Tesla’s lead in the EV market, where it’s been losing share to cheaper alternatives. Industry-Wide Pain Higher Prices: Analysts warn tariffs could add $75B annually to automakers’ costs, pushing car prices up by thousands of dollars—hitting budget models like the Chevrolet Trax (made in South Korea) hardest. Supply Chain Chaos: […]

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