Musk on track to become world’s first trillionaire after Tesla vote
16 days ago
- #Corporate Earnings
- #Tesla
- #Stock Market
- Tesla shareholders approve Elon Musk's trillion-dollar pay deal at the annual general meeting.
- AI and tech stocks decline on Wall Street, with Nasdaq down over 1%.
- Microsoft to refund Australian customers over alleged misleading AI subscription pricing.
- News Corp reports a 2% revenue increase, beating expectations, with strong performance in digital real estate and Dow Jones units.
- Macquarie Group's profit rises but misses estimates due to weakness in commodities business; announces $2 billion share buyback.
- Alliance Aviation downgrades earnings outlook, cites higher costs and unresolved contract disputes.
- REA Group reports 4% revenue growth, driven by strong yield growth in Australia.
- Qantas updates on delayed ultra-long-haul Airbus A350-1000ULR planes, now expected in late 2026.
- Elon Musk hints at Tesla potentially building its own AI chip factory due to capacity constraints.
- ASX 200 opens slightly lower, with Block, Inc and IperionX Limited as the worst performers.