Latest news with #humanoidrobotics
ArabGT
2 days ago
- Automotive
- ArabGT
Tesla Awards Elon Musk $29 Billion in Stock Compensation
In a bold move to retain Elon Musk at the helm during a pivotal transformation, Tesla has granted its CEO a stock package valued at approximately $29 billion. The company is shifting its focus from electric vehicle manufacturing toward cutting-edge ventures in autonomous taxis and humanoid robotics. As part of this agreement, Tesla will issue 96 million new shares to Musk. The grant serves as a gesture of goodwill in recognition of a compensation deal originally struck in 2018 but later nullified by a Delaware court. That decision remains under appeal by Musk. Conditions Tied to Continued Leadership Musk will only gain access to the newly awarded shares if he continues to serve in a senior executive capacity for the next two years and if the court does not reinstate the previous compensation plan. The shares must also be held for five years, and Musk retains the right to purchase them at a fixed price of $23.34 per share—mirroring the terms of the 2018 agreement. Tesla plans to present a revised long-term compensation proposal for Musk at its annual shareholder meeting, scheduled for November 6. Doubling Down on Musk Despite Mounting Scrutiny This strategic decision reinforces Tesla's confidence in Musk's leadership as it embarks on a new chapter of innovation and technological development. While his political involvement and commitment to other projects—such as AI startup xAI—have sparked criticism, Tesla's board appears steadfast in its belief that Musk is best equipped to steer the company through upcoming challenges. Tesla Bets on Musk's Vision Amid Market Pressures The timing of this package is critical. Tesla has been grappling with declining sales, an aging lineup, intensifying competition, and growing concerns about the impact of Musk's outspoken political views on the brand's public perception. Recent market research indicates a significant drop in customer loyalty since Musk publicly supported former U.S. President Donald Trump last year. The stock award will increase Musk's ownership in Tesla from 12.7% to over 15%, further cementing his influence over the automaker. Until now, Musk had no active compensation plan and had not received substantial earnings from the company since 2017. The board cited the importance of retaining Musk's 'extraordinary talent' as the litigation surrounding the 2018 package continues to unfold. Independent Review of the Compensation Plan A special committee made up of Tesla's board chair Robyn Denholm and independent director Kathleen Wilson-Thompson was formed to assess Musk's pay structure. While acknowledging his numerous ventures, the committee expressed confidence that this package would effectively motivate Musk to maintain his focus on Tesla's future. However, not everyone agrees with the board's decision. Critics argue that the move sidesteps the Delaware court ruling. Corporate governance specialist Charles Elson remarked that this new plan is merely 'a repackaged version of the previous one deemed invalid,' and added that Musk doesn't require further incentives, as walking away from Tesla would cost him a major portion of his wealth. Market Reaction Signals Support Despite the surrounding controversy, the market reacted positively. Tesla shares climbed nearly 2% following the announcement. Analysts interpreted the package as a strategic measure to provide clarity and stability regarding Musk's role in the near term, effectively securing his presence at Tesla for at least two more years.
South China Morning Post
2 days ago
- Business
- South China Morning Post
Biotech successes helping Chinese intellectual property go global
As Greater China markets charge into the third quarter with the wind at their backs, there is increasing evidence that 2025 is the year Chinese intellectual property goes global. A month ago, I wrote about the peculiar appeal of the Labubu doll , which seemingly leapt out of nowhere to become a global pop culture phenomenon. This was the latest example of a successful Chinese entertainment IP – a unique asset with intangible social value – taking off. Meanwhile, China is also making huge progress in humanoid robotics , an advanced technology segment where the country is dominating. This burgeoning industry is ripe for value creation as robotics developers not only own the production and hardware assets, but also the underlying artificial intelligence IP powering their capabilities. The modern global economy has IP at its core. A 2023 analysis from the UCLA Anderson School of Business calculated that intangible assets comprised more than 90 per cent of the total assets on the balance sheets of S&P 500 companies. The market increasingly sees IP as the catalyst for further growth in Chinese stock valuations, with the latest prominent example being China's booming biotechnology sector. While Hong Kong's Hang Seng Index finally turned bullish this year and is up more than 20 per cent in the year to date, the Hang Seng Biotech Index has nearly doubled.
Yahoo
3 days ago
- Business
- Yahoo
Mazza on Humanoid Robotics ETF Launch, Exposure
Roundhill Investments CEO David Mazza explains why they are launching a humanoid robotics ETF and discusses their intentions to provide exposure to companies that have direct plans to commercialize robots. He explains more on "Bloomberg ETF IQ."
Bloomberg
3 days ago
- Business
- Bloomberg
Mazza on Humanoid Robotics ETF Launch, Exposure
Roundhill Investments CEO David Mazza explains why they are launching a humanoid robotics ETF and discusses their intentions to provide exposure to companies that have direct plans to commercialize robots. He explains more on "Bloomberg ETF IQ." (Source: Bloomberg)
Bloomberg
28-07-2025
- Business
- Bloomberg
DEEPRobotics' Wang on Humanoid Robotics
DEEPRobotics Director of Americas Eric Wang discusses humanoid robotics and AGI trends in robotics. He speaks exclusively with Annabelle Droulers on the sidelines of the World AI Conference in Shanghai. (Source: Bloomberg)
