{
}
In February, the valuation of MuskIt plummeted from $500 million to under $1.5 million, while Errol Musk is pursuing plans for a Musk Tower in Dubai, seeking $150-$200 million through his cryptocurrency. During a recent trip to the Gulf, Elon Musk secured deals for SpaceX and Neuralink, highlighting the intertwining of business interests and foreign policy. His family, including Kimbal and Maye Musk, is also involved in various ventures in the region, further solidifying their ties to Gulf monarchies.
Tesla has appointed Jack Hartung, a former Chipotle executive, to its board, despite his lack of automotive experience. This move comes amid criticism of the board for its close ties to Elon Musk and failure to address shareholder concerns, including overcompensation and Musk's controversial actions. Hartung's only connection to Tesla is through a son-in-law employed there, although he has past ties with Kimbal Musk, Elon’s brother.
President Donald Trump is in Saudi Arabia for his first international trip of his second term, accompanied by business leaders including Elon Musk. The visit aims to strengthen ties with wealthy Middle Eastern nations, with Trump seeking $1 trillion in investments and considering renaming the Persian Gulf to the Arabian Gulf. Notable attendees include key administration officials and tech leaders, highlighting the trip's political and business significance.
Elon Musk joined Donald Trump on a Middle East trip, attending a Saudi-U.S. investment forum in Riyadh alongside major business leaders. The event, aimed at securing significant Saudi investments in the U.S., highlighted the close ties between American businesses and Saudi wealth, with Trump seeking $1 trillion in investments. Musk's relationship with the Saudi royal family has strengthened, particularly following his Tesla dealership launch in the kingdom.
Elon Musk's leadership at Tesla is under scrutiny as the company faces declining stock prices and sales. While the board has expressed confidence in Musk, potential internal successors include Tom Zhu, Vaibhav Taneja, and Omead Afshar, with JB Straubel, a co-founder and current board member, seen as a strong external candidate. Any leadership change would require Musk's approval, and analysts suggest that his departure could lead to a more cautious approach in Tesla's bold initiatives.
Tesla's board, facing pressure from a significant drop in share prices and Elon Musk's controversial activities, is reportedly taking a more active role in the company's direction. Analyst Dan Ives noted a shift in Musk's focus during a recent earnings call, suggesting a potential end to his political engagements and a renewed commitment to Tesla's growth. Despite rumors of a CEO search, the board remains confident in Musk's leadership.
Tesla has denied a report claiming its board sought to replace Elon Musk as CEO amid declining sales and backlash against his political activities. Chair Robyn Denholm stated the report was false, affirming Musk's leadership and the board's confidence in his ability to drive growth. The denial follows a Wall Street Journal article suggesting board members had contacted headhunters for a successor, raising concerns about Musk's divided attention among his various ventures.
Tesla's board is reportedly seeking a new CEO as Elon Musk's involvement with the Trump administration raises concerns among investors. Despite Musk's recent commitment to focus more on Tesla, the board's succession planning efforts continue amid declining EV sales and rising competition. Activist investors have criticized the board for its lack of independence, prompting discussions about adding an independent director.
Tesla's board has initiated a search for a new CEO as Elon Musk's involvement with the Trump administration raises concerns among investors. Despite Musk's recent commitment to focus more on Tesla, the board's succession planning efforts remain uncertain amid declining EV sales and rising competition. Activist investors continue to question the board's independence and oversight, particularly regarding board chair Robyn Denholm's controversial pay package.
Square Roots has struggled in 2023, laying off most staff and pivoting to a “farming as a service” model. Kimbal Musk's drone startup, Nova Sky Stories, has secured contracts with Qatar’s sovereign wealth fund and Tesla, while Kimbal's culinary ventures continue to thrive despite past business challenges. His relationship with Elon Musk remains complex, marked by loyalty but also a reluctance to confront issues directly.
Kimbal Musk
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
elon musk and family secure deals in the gulf amid cryptocurrency struggles
11:01 20.05.2025
Tesla appoints new board member amid criticism of executive oversight
Portillo's Inc.
The Honest Company Inc.
Chipotle Mexican Grill Inc.
DEU
CAN
GBR
USA
ARE
FRA
KWT
Jack Hartung
Kimbal Musk
Elon Musk
Show more
16:24 16.05.2025
trump and musk visit saudi arabia amid height comparisons and business talks
SAU
ARE
QAT
Kimbal Musk
Larry Fink
Jane Fraser
Reid Hoffman
Sam Altman
Pete Hegseth
Scott Bessent
Howard Lutnick
Francis Suarez
Donald Trump
Elon Musk
Susie Wiles
Marco Rubio
Stephen Miller
Show more
16:26 13.05.2025
Musk and Trump seek Saudi investments during Middle East business forum
International Business Machines Corporation
United Airlines Holdings Inc.
American Airlines Group Inc.
SAU
ARE
QAT
USA
Kimbal Musk
Kelly Ortberg
Reid Hoffman
Sam Altman
Gianni Infantino
Andy Jassy
Mohammed bin Salman Al Saud
Donald Trump
Eric Trump
Donald Trump Jr.
Ruth Porat
Elon Musk
Marco Rubio
Show more
11:15 13.05.2025
potential successors to elon musk as tesla ceo emerge amid challenges
Redwood Materials Inc.
CHN
USA
Kimbal Musk
Robyn Denholm
Bradley Tusk
Ross Gerber
JB Straubel
Tom Zhu
Omead Afshar
Elon Musk
Vaibhav Taneja
Seth Goldstein
James Murdoch
Gene Munster
Show more
11:01 12.05.2025
Tesla board navigates challenges as Musk shifts focus back to company
19:08 01.05.2025
Tesla board denies report of seeking new CEO amid Musk controversies
10:03 01.05.2025
Tesla board seeks new CEO amid Musk's political commitments and investor concerns
03:52 01.05.2025
Tesla board seeks new CEO as Musk focuses on political commitments
Euro
United States Dollar
Tesla, Inc.
USA
Kimbal Musk
Robyn Denholm
JB Straubel
Elon Musk
James Murdoch
Show more
03:23 01.05.2025
kimbal musk's ventures face challenges amid family ties and business struggles
Qatar Airways (Q.C.S.C)
Walmart Inc.
Tesla, Inc.
USA
Dorothy Lund
Elon Musk
Lex Fridman
Jess Fried
Clay Coleman
Jim Cantrell
Kimbal Musk
Walter Isaacson
Show more
12:30 20.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Emerging Startups
Startups & Entrepreneurship
Venture Capital Investments
Funding Rounds & Investments
Fintech Startups
AI Innovations
Retail and Consumer Goods
Economic Indicators
Private Equity Deals
Global Trade Developments
Government Economic Policies
Cryptocurrency Trends
AI Applications
Product Launches
IPOs & SPACs
Macro-economic Trends
Supply Chain Management
Industry Mergers & Acquisitions
Countries:
Companies:
Apple Inc.
Nvidia Corporation
NVIDIA Corporation
Microsoft Corporation
SWIGGY LIMITED
Vecmocon Technologies Ltd.
VOLKSWAGEN AG
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Aeon Bank (M) Berhad Bhd
AF DOBRA, SICAV, S.A.
Alibaba Group Holding Limited
Getty Images Holdings, Inc.
Sunnova Energy International Inc.
QUALCOMM Incorporated
Alphawave IP Group plc
Grab2Go AS
HDB Financial Services Ltd.
Currencies:
People: