Tesla outperforms Magnificent 7 stocks as the EV maker’s shareholders approved a $1 trillion compensation package for CEO Elon Musk. More than 75% of the votes cast were in favor of the unprecedented pay plan, the company said Thursday at its annual meeting. The pay agreement clears a path for Musk, the world’s richest person, to become the first-ever trillionaire and expand his stake in Tesla to 25% or more over the next decade. To achieve the full payout, he’ll have to deliver on targets to significantly expand Tesla’s market value, revive its flagging car business and get the fledgling robotaxi and Optimus robotics efforts off the ground.
The Netherlands is prepared to suspend its powers over Chinese-owned chipmaker Nexperia. The Dutch government is ready to shelve the ministerial order that gave it the power to block or change key corporate decisions at Nexperia, if China allows exports of its critical chips again, according to people familiar with the matter. If the shipment of supplies resumes and is verified in the coming days, the Dutch are willing to revoke its powers as soon as next week, said the people, who spoke on the condition of anonymity. Financial issues between Nexperia and its Chinese operations would also need to be resolved.
Today’s guests: Klaus Bader, Societe Generale Corporate & Investment Banking; Katherine Ogundiya, Barclays; Jonathan Goldstein, Cain CEO; Charles Lichfield, Atlantic Council
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:03 – Volatile Week on AI Valuation Woes
00:02:01 – Klaus Bader, Societe Generale Corporate & Investment Banking
00:04:25 – Tesla Shareholders Approve $1 Trillion Pay Package For Musk
00:06:25 – Dutch Ready to Drop Nexperia Control If Chip Supply Resumts
00:14:00 – BOE’s Bailey: We Need to See More Evidence
00:17:36 – Katherine Ogundiya, Barclays
00:23:47 – Friday Headlines
00:24:31 – BOE Governor Bailey on UK Productivity, AI Bubble & Credit Market Risks
00:26:53 – Jonathan Goldstein, Cain CEO
00:35:24 – UK Private Schools Chase Growth Abroad
00:39:10 – IAG Sales Dented By Transatlantic Weakness
00:40:26 – US Airlines Cut Flights as Shutdown Continues
00:41:35 – World Leaders Warnings Over Climate Crisis at COP30
00:44:01 – Charles Lichfield, Atlantic Council
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