News
In Elon Musk’s intertwining web of companies, Twitter is the latest addition
Elon Musk recently added Twitter to the list of companies he currently controls. Tesla, SpaceX, the Boring Company, and others have all worked as an intertwining web of entities with Musk acting as the spider. With the addition of Twitter, Musk adds another dimension to his list of companies that work with one another, all of which will ultimately culminate in the creation of X, a parent company.
While Musk’s ownership and control of Twitter are less than two weeks from its beginnings, employees of the social media network are learning a new lesson: just because it does not deal with cars, rockets, or tunnels, doesn’t mean those will not somehow come into the picture later on.
Twitter engineers learned this lesson faster than anyone as reports circulated late last week that Tesla employees were heading to downtown San Francisco to work side-by-side with the social media platform’s software people. The move was met with mixed reviews: some literally could not care less, but others felt Tesla engineers already had enough on their plate. After all, Musk said earlier this year he’d be very surprised if Tesla did not solve its Full Self-Driving suite by year’s end, and less than two months remain in 2022.
For anyone seasoned with Musk and his many ventures, the move was not all that much of a surprise. The Tesla CEO’s companies have never been wholly individualized, per se. While Tesla builds cars, SpaceX builds rockets, and the Boring Company builds underground tunnels, the three companies all have a little piece of each other. It’s more than likely just an advantage of having your hands in a lot of different buckets.
Take Tesla and SpaceX for example. The Model X drove NASA astronauts Doug Hurley and Bob Behnken to the launchpad for the SpaceX Demo-2 launch last year. Tesla has used SpaceX welding techniques to improve the strength of aluminum parts in the Model Y. According to CNBC, Tesla sold SpaceX $2 million worth of vehicle components in Q1 2021.
NASA shows off Tesla Model X astronaut transport vehicle ahead of historic launch
Tesla and the Boring Company have an obvious connection due to the latter’s use of the former’s vehicles within its tunnels. Most notably, the Vegas Loop, which aims to revolutionize commuter and tourist travel in the Sin City, utilizes an array of Tesla vehicles to improve its express-style travel, helping to accommodate for groups of all sizes.
One of the advantages of having so many different companies in so many different industries is that eventually, situations will arise that may hint toward a conjuctive effort to solve a problem. Twitter is no different. A company that has obvious struggles in its DNA, evident through its battle with bots and spam accounts, Twitter is getting attention from some highly talented engineers at Tesla.
There are criticisms, too. Of course, Tesla investors may not love hearing that company employees are devoting time to a project that many of them disagreed with, to begin with. It is no secret that some of Musk’s biggest supporters have questioned the Twitter saga, referring to it as a distraction or a mistake. Musk, on the other hand, believes Twitter’s status as a modern-day town hall that highlights free speech is essential, and it is just one more thing he saw that he felt needed fixing.
For what it is worth, the workload and daily calendar Musk keeps is pretty impressive. A string of companies all helping one another is also a big plus and a huge advantage.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
News
Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
