Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world's first trillionaire. Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world's first trillionaire. 'Musk is Tesla and Tesla is Musk' - why investors are happy to pay him $1tn Making Elon Musk the world's first trillionaire appears to fit a US investment culture of backing high-flying innovators For all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk . Investors in the electric vehicle maker voted on Thursday to put the world's richest person on the path to become the world's first trillionaire, despite the controversy that is now seemingly intrinsic to his public profile. Shareholders approved the $1tn compensation plan, which could yield the largest corporate payout in history if he meets a series of tough-looking goals, not least pushing Tesla from its current market value of $1.4tn to $8.5tn (£1.06tn to £6.4tn).

Vanguard feels and smells like a new RV. It has long, gray banquettes that convert into bunks, a microwave cleverly hidden under a counter, a functional steel sink with a French press and crockery above. Once it is sealed and moved to its permanent home beneath the waves of the Florida Keys National Marine Sanctuary early next year, Vanguard will be the world's first new subsea habitat in nearly four decades. Teams of four scientists will live and work on the seabed for a week at a time, entering and leaving the habitat as scuba divers. This week, we heard that Tom Brady had his dog cloned. The former quarterback revealed that his Junie is actually a clone of Lua, a pit bull mix that died in 2023.

Elon Musk's $1tn pay deal approved by Tesla shareholders Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn). The unprecedented deal was approved by 75% of Tesla shareholders who cast votes at the firm's annual general meeting on Thursday. The deal requires Musk, who is already the world's richest man, to drastically raise the electric car firm's market value over a period of years. If he meets various targets, he will be rewarded with hundreds of millions of new shares. The scale of the deal is controversial, but the Tesla board argued that Musk might leave the company if it was not approved - and that it could not afford to lose him.

The basic argument is increasingly deployed by frustrated executives and self-promoting private-equity groups: Companies are doing dumb things to meet the market's quarterly expectations, and hurting their long-term prospects as a result. Take the company private and executives no longer have to care about the short term, allowing them to invest for the long run and help the company, their loyal shareholders and wider society. The trouble is that none of this applies to Tesla. It is hard to think of a company that cares less about sucking up to Wall Street than Tesla. Mr. Musk earlier this year rejected "boring bonehead questions" from analysts on his quarterly earnings call; the company offers no guidance on quarterly earnings; and it has frequently and unapologetically reported losses far worse than expected (only twice has it made a quarterly profit, both times a surprise).