Elon Musk – Page 7 – California Globe

Beefed Up IRS Scrutiny of Corporate Jet Travel Will Have Terrible Consequences

July 12, 2024 2:55 amJuly 12, 2024 2:56 am

The Internal Revenue Service (IRS) has recently declared its intention to conduct more rigorous audits concerning the reported value of corporate CEOs’ travels on company planes. This move comes amid concerns that such trips are being systematically underreported as part...

CalSTRS Announces They Will Vote Against Tesla CEO Elon Musk’s $50 Billion Compensation Package

June 10, 2024 4:33 pmJune 10, 2024 4:33 pm

California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher Ailman announced on Monday that the group will vote against reinstating a $56 billion pay package to Tesla and SpaceX CEO Elon Musk, becoming the latest entity promising to not...

Tesla Announces 601 More Employees Laid Off in Fremont, Palo Alto

May 15, 2024 12:34 pmMay 15, 2024 12:34 pm

According to a new Worker Adjustment and Retraining Notification (WARN) notice filed late on Monday, electric automaker Tesla is to fire another 601 at their Palo Alto development hub and Fremont factory, adding to the over 3,300 employees in the...

Elon Musk, David Sacks Holds Secret ‘Anti-Biden’ Gathering of Billionaires

May 6, 2024 7:55 am

Elon Musk and David Sacks recently held a secret billionaire dinner party in Hollywood, because of a purported major political realignment as Silicon Valley money turns against Biden and begins flowing to Donald Trump, Puck reported. Everything is economic. And...

Oracle Moving Headquarters Out Of Austin Only 4 Years After Moving Out Of California

April 26, 2024 5:00 pmApril 26, 2024 5:06 pm

Oracle CEO Larry Ellison announced earlier this week that he would be moving Oracle from Austin to Nashville, Tennessee, despite only moving away from California in the first place in 2020. Originally headquartered in Santa Clara upon it’s founding in...

Tesla Lays Off 3,332 Employees In California

April 23, 2024 7:09 pmApril 23, 2024 7:09 pm

According to Worker Adjustment and Retraining Notification (WARN) notices filed on Tuesday, electric vehicle and battery manufacturer Tesla announced that they will be eliminating around 6,000 jobs nationwide, including 3,332 in California and 2,688 in Texas. Founded in San Carlos,...

New IRS Data Finds California is Gaining More Millionaires Despite Record Outbound Migration

March 13, 2024 2:30 amMarch 13, 2024 2:31 am

New findings by Bloomberg via IRS data have found that, despite a significant exodus of residents from California since the late 2010s causing overall state population loss, California has continued to make more millionaires during the same time frame, with...