Tesla earnings
Elon Musk Defends $1 Trillion Tesla Pay Package and Criticizes Advisory Firms During Earnings Call
Oct 25, 2025 03:37 pm CST
During Tesla's recent earnings call, CEO Elon Musk made an unexpected appeal to investors to approve his proposed $1 trillion compensation package, arguing it's necessary to maintain sufficient voting control for Tesla's future. Following disappointing third-quarter results showing a 40% drop in operating income, Musk criticized advisory firms recommending against the package. The unprecedented compensation plan will be decided by shareholders on November 6, as the world's richest man seeks to secure his influence over Tesla's artificial intelligence and robotics initiatives.
Oil Prices Surge as Trump Imposes "Massive" Sanctions on Russian Energy Giants Amid Mixed Global Market Performance
Oct 24, 2025 01:56 am CST
Wall Street exhibits minimal movement while oil prices jump 5.6% following President Trump's announcement of major sanctions against Russian oil companies Rosneft and Lukoil, aimed at pressuring Putin to negotiate an end to the Ukraine war. Meanwhile, Tesla shares decline on disappointing earnings while global markets show mixed performance amid geopolitical and economic developments.