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2024-12-04

‌$Tesla Motors(TSLA)$ ‌

Elon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue

2024-11-27

‌[微笑] ‌

OpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer

2024-04-29

Great article, would you like to share it?

@Jo Ker:$Tesla Motors(TSLA)$ Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣

2024-03-20

$Intel(INTC)$ why the jump is so little? Thought they just awarded $20B project.

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ &nbsp;</a>‌","listText":"‌<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ &nbsp;</a>‌","text":"‌$Tesla Motors(TSLA)$ ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377893351092480","repostId":"2488906406","repostType":2,"repost":{"id":"2488906406","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1733295600,"share":"https://ttm.financial/m/news/2488906406?lang=&edition=fundamental","pubTime":"2024-12-04 15:00","market":"us","language":"en","title":"Elon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue","url":"https://stock-news.laohu8.com/highlight/detail?id=2488906406","media":"Dow Jones","summary":"With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.Tesl","content":"<html><head></head><body><p style=\"text-align: start;\">With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/36553f72e210e7bd88f2832422033cc2\" alt=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" title=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" tg-width=\"924\" tg-height=\"566\"/><span>Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.</span></p><p style=\"text-align: start;\">Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.</p><p>In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.</p><p>“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.</p><p>Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.</p><p>For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.</p><p style=\"text-align: start;\">Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.</p><p style=\"text-align: start;\">“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.</p><p style=\"text-align: start;\">Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.</p><p style=\"text-align: start;\">“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”</p><p>So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.</p><p style=\"text-align: start;\">Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-04 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/36553f72e210e7bd88f2832422033cc2\" alt=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" title=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" tg-width=\"924\" tg-height=\"566\"/><span>Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.</span></p><p style=\"text-align: start;\">Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.</p><p>In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.</p><p>“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.</p><p>Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.</p><p>For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.</p><p style=\"text-align: start;\">Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.</p><p style=\"text-align: start;\">“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.</p><p style=\"text-align: start;\">Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.</p><p style=\"text-align: start;\">“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”</p><p>So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.</p><p style=\"text-align: start;\">Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","BK4592":"伊斯兰概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4527":"明星科技股","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4551":"寇图资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4581":"高盛持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4511":"特斯拉概念","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4099":"汽车制造商","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4516":"特朗普概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2488906406","content_text":"With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375521684771072,"gmtCreate":1732698476140,"gmtModify":1732698517705,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"‌<a href=\"\">[微笑]&nbsp;</a>‌","listText":"‌<a href=\"\">[微笑]&nbsp;</a>‌","text":"‌[微笑] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375521684771072","repostId":"2486236899","repostType":4,"repost":{"id":"2486236899","kind":"live","pubTimestamp":1732684942,"share":"https://ttm.financial/m/news/2486236899?lang=&edition=fundamental","pubTime":"2024-11-27 13:22","market":"us","language":"en","title":"OpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=2486236899","media":"THOMSON REUTERS","summary":"OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to S","content":"<html><head></head><body><ul style=\"\"><li><p><strong>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.</strong></p></li><li><p><strong>SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding round at a $157 billion valuation.</strong></p></li><li><p><strong>The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said.</strong></p></li></ul><p>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.</p><p>The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC.</p><p>The new tender offer, which has not been previously reported, is set to close this week, a person familiar with the matter said. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the startup after putting $500 million into OpenAI’s last funding round, a person familiar with the matter said.</p><p>The tender offer is not related to OpenAI’s potential plans to restructure the firm to a for-profit business, one of the people said.</p><p>OpenAI and SoftBank declined to comment.</p><p>The news underscores Son’s interest in the AI space and in backing the most valuable private players. SoftBank was an early investor in Arm, and Son said at a recent conference that he’s saving “tens of billions of dollars” to make the “next big move” in artificial intelligence. He had previously invested in Apple, Qualcomm and Alibaba.</p><p>SoftBank’s Vision Fund 2 recently invested in AI startups Glean, Perplexity and Poolside. SoftBank has about 470 portfolio companies and $160 billion in assets across its two vision funds.</p><p>The OpenAI investment matches SoftBank’s eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC.</p><p>Even without SoftBank’s deep pockets, OpenAI has had no trouble raising billions in cash. Its valuation has climbed to $157 billion in the two years since launching ChatGPT. OpenAI has raised roughly $13 billion from Microsoft, and it closed its latest $6.6 billion round in October, led by Thrive Capital and including participation from chipmaker Nvidia, SoftBank and others.</p><p>The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion. OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September with a person familiar with the situation.</p><h2 id=\"id_1525789580\" style=\"text-align: start;\">OpenAI employees can cash out</h2><p>The tender offer will be open to current and former employees who had been granted restricted stock units at least two years ago and have held the shares for at least that long, one of the people said. The unit price of $210 will align with the company’s most recent funding round.</p><p>Tender offers have become crucial for tech employees amid a dormant IPO market and skyrocketing company valuations. Private companies rely on such deals to keep employees happy and reduce the pressure to list on public markets. Since OpenAI has no initial public offering immediately on the horizon and a price tag that makes the company prohibitively expensive for would-be acquirers, secondary stock sales are the only way in the near future for shareholders to pocket a portion of their paper wealth.</p><p>Databricks is another private company raising money to allow employees to cash out and avoid public markets pressure, CNBC reported this week.</p><p>OpenAI took a more restrictive approach to tender offers in the past, with rules allowing the company to determine who gets to participate in stock sales, CNBC reported in June. Current and former OpenAI employees previously told CNBC that there was growing concern about access to liquidity after reports that the company had the power to claw back vested equity.</p><p>But the company reversed its policies toward secondary share sales this summer, and it now allows current and former employees to participate equally in annual tender offers.</p><p>The company expects to allow more of these secondary sales, and it will need to tap private markets again in the future based on demand from investors and the capital-intensive nature of the business, according to a person familiar with this week’s tender offer.</p><p>OpenAI has faced increasing competition from startups like Anthropic and tech giants like Google. The generative AI market is predicted to top $1 trillion in revenue within a decade, and business spending on generative AI surged 500% this year, according to recent data from Menlo Ventures.</p><p>Last month OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered AI startup to better compete with search engines like Google, Microsoft’s Bing and Perplexity.</p></body></html>","source":"reuters_en_live","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 13:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1><strong>THOMSON REUTERS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1032466523.USD":"高盛全球多资产收益组合Acc","MSFT":"微软","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1236620750.USD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (USD) INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1064131342.USD":"Fullerton Lux Funds - 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LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486236899","content_text":"OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding round at a $157 billion valuation.The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said.OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC.The new tender offer, which has not been previously reported, is set to close this week, a person familiar with the matter said. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the startup after putting $500 million into OpenAI’s last funding round, a person familiar with the matter said.The tender offer is not related to OpenAI’s potential plans to restructure the firm to a for-profit business, one of the people said.OpenAI and SoftBank declined to comment.The news underscores Son’s interest in the AI space and in backing the most valuable private players. SoftBank was an early investor in Arm, and Son said at a recent conference that he’s saving “tens of billions of dollars” to make the “next big move” in artificial intelligence. He had previously invested in Apple, Qualcomm and Alibaba.SoftBank’s Vision Fund 2 recently invested in AI startups Glean, Perplexity and Poolside. SoftBank has about 470 portfolio companies and $160 billion in assets across its two vision funds.The OpenAI investment matches SoftBank’s eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC.Even without SoftBank’s deep pockets, OpenAI has had no trouble raising billions in cash. Its valuation has climbed to $157 billion in the two years since launching ChatGPT. OpenAI has raised roughly $13 billion from Microsoft, and it closed its latest $6.6 billion round in October, led by Thrive Capital and including participation from chipmaker Nvidia, SoftBank and others.The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion. OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September with a person familiar with the situation.OpenAI employees can cash outThe tender offer will be open to current and former employees who had been granted restricted stock units at least two years ago and have held the shares for at least that long, one of the people said. The unit price of $210 will align with the company’s most recent funding round.Tender offers have become crucial for tech employees amid a dormant IPO market and skyrocketing company valuations. Private companies rely on such deals to keep employees happy and reduce the pressure to list on public markets. Since OpenAI has no initial public offering immediately on the horizon and a price tag that makes the company prohibitively expensive for would-be acquirers, secondary stock sales are the only way in the near future for shareholders to pocket a portion of their paper wealth.Databricks is another private company raising money to allow employees to cash out and avoid public markets pressure, CNBC reported this week.OpenAI took a more restrictive approach to tender offers in the past, with rules allowing the company to determine who gets to participate in stock sales, CNBC reported in June. Current and former OpenAI employees previously told CNBC that there was growing concern about access to liquidity after reports that the company had the power to claw back vested equity.But the company reversed its policies toward secondary share sales this summer, and it now allows current and former employees to participate equally in annual tender offers.The company expects to allow more of these secondary sales, and it will need to tap private markets again in the future based on demand from investors and the capital-intensive nature of the business, according to a person familiar with this week’s tender offer.OpenAI has faced increasing competition from startups like Anthropic and tech giants like Google. The generative AI market is predicted to top $1 trillion in revenue within a decade, and business spending on generative AI surged 500% this year, according to recent data from Menlo Ventures.Last month OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered AI startup to better compete with search engines like Google, Microsoft’s Bing and Perplexity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300571342422128,"gmtCreate":1714401180242,"gmtModify":1714401725447,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300571342422128","repostId":"300483836039232","repostType":1,"repost":{"id":300483836039232,"gmtCreate":1714379834661,"gmtModify":1714390201896,"author":{"id":"4157864390704452","authorId":"4157864390704452","name":"Jo Ker","avatar":"https://community-static.tradeup.com/news/e35ceceaf78d8b031d8e56601791257e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4157864390704452","authorIdStr":"4157864390704452"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","text":"$Tesla Motors(TSLA)$ Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300483836039232","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286341810094272,"gmtCreate":1710942487162,"gmtModify":1710942512054,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> why the jump is so little? Thought they just awarded $20B project.","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> why the jump is so little? Thought they just awarded $20B project.","text":"$Intel(INTC)$ why the jump is so little? Thought they just awarded $20B project.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286341810094272","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":375521684771072,"gmtCreate":1732698476140,"gmtModify":1732698517705,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"‌<a href=\"\">[微笑]&nbsp;</a>‌","listText":"‌<a href=\"\">[微笑]&nbsp;</a>‌","text":"‌[微笑] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375521684771072","repostId":"2486236899","repostType":4,"repost":{"id":"2486236899","kind":"live","pubTimestamp":1732684942,"share":"https://ttm.financial/m/news/2486236899?lang=&edition=fundamental","pubTime":"2024-11-27 13:22","market":"us","language":"en","title":"OpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=2486236899","media":"THOMSON REUTERS","summary":"OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to S","content":"<html><head></head><body><ul style=\"\"><li><p><strong>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.</strong></p></li><li><p><strong>SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding round at a $157 billion valuation.</strong></p></li><li><p><strong>The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said.</strong></p></li></ul><p>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.</p><p>The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC.</p><p>The new tender offer, which has not been previously reported, is set to close this week, a person familiar with the matter said. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the startup after putting $500 million into OpenAI’s last funding round, a person familiar with the matter said.</p><p>The tender offer is not related to OpenAI’s potential plans to restructure the firm to a for-profit business, one of the people said.</p><p>OpenAI and SoftBank declined to comment.</p><p>The news underscores Son’s interest in the AI space and in backing the most valuable private players. SoftBank was an early investor in Arm, and Son said at a recent conference that he’s saving “tens of billions of dollars” to make the “next big move” in artificial intelligence. He had previously invested in Apple, Qualcomm and Alibaba.</p><p>SoftBank’s Vision Fund 2 recently invested in AI startups Glean, Perplexity and Poolside. SoftBank has about 470 portfolio companies and $160 billion in assets across its two vision funds.</p><p>The OpenAI investment matches SoftBank’s eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC.</p><p>Even without SoftBank’s deep pockets, OpenAI has had no trouble raising billions in cash. Its valuation has climbed to $157 billion in the two years since launching ChatGPT. OpenAI has raised roughly $13 billion from Microsoft, and it closed its latest $6.6 billion round in October, led by Thrive Capital and including participation from chipmaker Nvidia, SoftBank and others.</p><p>The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion. OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September with a person familiar with the situation.</p><h2 id=\"id_1525789580\" style=\"text-align: start;\">OpenAI employees can cash out</h2><p>The tender offer will be open to current and former employees who had been granted restricted stock units at least two years ago and have held the shares for at least that long, one of the people said. The unit price of $210 will align with the company’s most recent funding round.</p><p>Tender offers have become crucial for tech employees amid a dormant IPO market and skyrocketing company valuations. Private companies rely on such deals to keep employees happy and reduce the pressure to list on public markets. Since OpenAI has no initial public offering immediately on the horizon and a price tag that makes the company prohibitively expensive for would-be acquirers, secondary stock sales are the only way in the near future for shareholders to pocket a portion of their paper wealth.</p><p>Databricks is another private company raising money to allow employees to cash out and avoid public markets pressure, CNBC reported this week.</p><p>OpenAI took a more restrictive approach to tender offers in the past, with rules allowing the company to determine who gets to participate in stock sales, CNBC reported in June. Current and former OpenAI employees previously told CNBC that there was growing concern about access to liquidity after reports that the company had the power to claw back vested equity.</p><p>But the company reversed its policies toward secondary share sales this summer, and it now allows current and former employees to participate equally in annual tender offers.</p><p>The company expects to allow more of these secondary sales, and it will need to tap private markets again in the future based on demand from investors and the capital-intensive nature of the business, according to a person familiar with this week’s tender offer.</p><p>OpenAI has faced increasing competition from startups like Anthropic and tech giants like Google. The generative AI market is predicted to top $1 trillion in revenue within a decade, and business spending on generative AI surged 500% this year, according to recent data from Menlo Ventures.</p><p>Last month OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered AI startup to better compete with search engines like Google, Microsoft’s Bing and Perplexity.</p></body></html>","source":"reuters_en_live","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpenAI Gets New $1.5 Billion Investment from SoftBank, Allowing Employees to Sell Shares in a Tender Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 13:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1><strong>THOMSON REUTERS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1032466523.USD":"高盛全球多资产收益组合Acc","MSFT":"微软","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1236620750.USD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (USD) INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4548":"巴美列捷福持仓","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU1221951046.USD":"NORDEA 1 STABLE RETURN \"HM\" (USDHDG) INC","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY08H:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486236899","content_text":"OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding round at a $157 billion valuation.The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said.OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC.The new tender offer, which has not been previously reported, is set to close this week, a person familiar with the matter said. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the startup after putting $500 million into OpenAI’s last funding round, a person familiar with the matter said.The tender offer is not related to OpenAI’s potential plans to restructure the firm to a for-profit business, one of the people said.OpenAI and SoftBank declined to comment.The news underscores Son’s interest in the AI space and in backing the most valuable private players. SoftBank was an early investor in Arm, and Son said at a recent conference that he’s saving “tens of billions of dollars” to make the “next big move” in artificial intelligence. He had previously invested in Apple, Qualcomm and Alibaba.SoftBank’s Vision Fund 2 recently invested in AI startups Glean, Perplexity and Poolside. SoftBank has about 470 portfolio companies and $160 billion in assets across its two vision funds.The OpenAI investment matches SoftBank’s eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC.Even without SoftBank’s deep pockets, OpenAI has had no trouble raising billions in cash. Its valuation has climbed to $157 billion in the two years since launching ChatGPT. OpenAI has raised roughly $13 billion from Microsoft, and it closed its latest $6.6 billion round in October, led by Thrive Capital and including participation from chipmaker Nvidia, SoftBank and others.The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion. OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September with a person familiar with the situation.OpenAI employees can cash outThe tender offer will be open to current and former employees who had been granted restricted stock units at least two years ago and have held the shares for at least that long, one of the people said. The unit price of $210 will align with the company’s most recent funding round.Tender offers have become crucial for tech employees amid a dormant IPO market and skyrocketing company valuations. Private companies rely on such deals to keep employees happy and reduce the pressure to list on public markets. Since OpenAI has no initial public offering immediately on the horizon and a price tag that makes the company prohibitively expensive for would-be acquirers, secondary stock sales are the only way in the near future for shareholders to pocket a portion of their paper wealth.Databricks is another private company raising money to allow employees to cash out and avoid public markets pressure, CNBC reported this week.OpenAI took a more restrictive approach to tender offers in the past, with rules allowing the company to determine who gets to participate in stock sales, CNBC reported in June. Current and former OpenAI employees previously told CNBC that there was growing concern about access to liquidity after reports that the company had the power to claw back vested equity.But the company reversed its policies toward secondary share sales this summer, and it now allows current and former employees to participate equally in annual tender offers.The company expects to allow more of these secondary sales, and it will need to tap private markets again in the future based on demand from investors and the capital-intensive nature of the business, according to a person familiar with this week’s tender offer.OpenAI has faced increasing competition from startups like Anthropic and tech giants like Google. The generative AI market is predicted to top $1 trillion in revenue within a decade, and business spending on generative AI surged 500% this year, according to recent data from Menlo Ventures.Last month OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered AI startup to better compete with search engines like Google, Microsoft’s Bing and Perplexity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286341810094272,"gmtCreate":1710942487162,"gmtModify":1710942512054,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> why the jump is so little? Thought they just awarded $20B project.","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> why the jump is so little? Thought they just awarded $20B project.","text":"$Intel(INTC)$ why the jump is so little? Thought they just awarded $20B project.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286341810094272","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377893351092480,"gmtCreate":1733295731036,"gmtModify":1733295782302,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"‌<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ &nbsp;</a>‌","listText":"‌<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ &nbsp;</a>‌","text":"‌$Tesla Motors(TSLA)$ ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377893351092480","repostId":"2488906406","repostType":2,"repost":{"id":"2488906406","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1733295600,"share":"https://ttm.financial/m/news/2488906406?lang=&edition=fundamental","pubTime":"2024-12-04 15:00","market":"us","language":"en","title":"Elon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue","url":"https://stock-news.laohu8.com/highlight/detail?id=2488906406","media":"Dow Jones","summary":"With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.Tesl","content":"<html><head></head><body><p style=\"text-align: start;\">With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/36553f72e210e7bd88f2832422033cc2\" alt=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" title=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" tg-width=\"924\" tg-height=\"566\"/><span>Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.</span></p><p style=\"text-align: start;\">Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.</p><p>In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.</p><p>“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.</p><p>Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.</p><p>For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.</p><p style=\"text-align: start;\">Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.</p><p style=\"text-align: start;\">“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.</p><p style=\"text-align: start;\">Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.</p><p style=\"text-align: start;\">“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”</p><p>So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.</p><p style=\"text-align: start;\">Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk’s Tesla Pay-Package Fight Is Back in the Spotlight, but Here’s an Even Bigger Issue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-04 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/36553f72e210e7bd88f2832422033cc2\" alt=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" title=\"Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.\" tg-width=\"924\" tg-height=\"566\"/><span>Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.</span></p><p style=\"text-align: start;\">Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.</p><p>In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.</p><p>“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.</p><p>Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.</p><p>For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.</p><p style=\"text-align: start;\">Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.</p><p style=\"text-align: start;\">“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.</p><p style=\"text-align: start;\">Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.</p><p style=\"text-align: start;\">“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”</p><p>So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.</p><p style=\"text-align: start;\">Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","BK4592":"伊斯兰概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4527":"明星科技股","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4551":"寇图资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4581":"高盛持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4511":"特斯拉概念","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4099":"汽车制造商","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4516":"特朗普概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2488906406","content_text":"With his whopping pay package still tied up in legal limbo, Tesla Inc. Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.Tesla CEO Elon Musk speaks at a rally for Donald Trump on Oct. 27 at Madison Square Garden in New York.Tesla will surely appealthe latest ruling by the Delaware Chancery Court judge,which invalidated — for the second time — Musk’s 2018 options package that is now estimated to be worth over $100 billion, due to the rise in Tesla’s stock. An appeal to the Delaware Supreme Court could potentially drag on for about a year or more. In that timeframe, it’s entirely conceivable that Musk will begin again to mention, or start agitating more aggressively for, a bigger stake in Tesla.In January, Musk tweeted that he was uncomfortable growing Tesla to be a leader in AI and robotics “without having ~25% voting control.” He then briefly discussed the topic in Tesla’s earnings call, when an investor asked if shareholders should be concerned about his comments.“The reason I just sort of roughly picked approximately 25% was that that’s not so much that I can control the company even if I go bonkers,” Musk said. “And if I’m, like, mad, then they can throw me out. But it’s enough that I have a strong influence. That’s what I’m aiming for, is a strong influence but not control. If there’s some way to achieve that, that would be great.” Musk currently has a 13% stake in Tesla, according to FactSet.Morgan Stanley analyst Adam Jonas brought this issue up again on Tuesday, in his note on the Delaware Chancery Court ruling. “Does the issue of ‘control’ matter as much this time? Ultimately, we think it does,” Jonas wrote, pointing out that Tesla is the only company of the several that Musk is involved in or started that he does not control. “Moreover, we believe the issue at hand is one of control rather than capital. There may be many alternative paths to achieving control,” Jonas added.For Tesla, the next move could also be to grant Musk another pay package, since the company is now based in Texas, and it can avoid being under Delaware’s jurisdiction for a future pay agreement. But there will be a huge cost to the company to do that. In 2018, when Musk’s pay package was created, Tesla’s stock was trading in a range of $18 to $23 a share. Today, it is trading at around $352. This year alone, Tesla shares are up almost 44%. Any new stock options issued by the company would be far costlier than they were in 2018.Another issue is how far — and how long — the appeal process can go. Typically, the Delaware Supreme Court is the end of the line for appeals from the Delaware Chancery Court, and the U.S. Supreme Court would only take on such an appeal if a case had a federal question. But Wedbush Securities analyst Dan Ives believes Tesla and Musk could, if they lose in the Delaware Supreme Court, bring it to the U.S. Supreme Court.“We continue to believe Tesla and Musk will fight this tooth and nail all the way to the Supreme Court in Delaware and then potentially to the federal system as this remains a frustrating headache for Tesla, Musk and its shareholders,” Ives said in a note.Stephen Diamond, associate professor of law at Santa Clara University’s School of Law, who teaches courses on securities law, corporate finance and corporate governance, said the Delaware Supreme Court is final with respect to issues of Delaware law. “Unless there is a federal question, it is the final level of appeal,” he said.“I am not a litigator, but I’m fairly certain that if Tesla did not raise a federal question at the outset (before the appeal) they can’t do so now,” Diamond said in an email. “Of course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate far lower return for Musk.”So as Tesla continues to fight the battle over Musk’s pay, it will have to weigh the cost of one, possibly two appeals, versus issuing a new package based on today’s stock price, or some other way to get Musk more of a stake in the company, without it costing Tesla billions of dollars in charges. Bloomberg estimated that giving Musk the same options now would potentially result in an accounting charge of around $25 billion.Investors have not seen the end to the debate over Musk’s pay package, but they also need to realize that its rejection by the Delaware Chancery Court could lead to even higher costs for Tesla, either in massive potential write-downs to account for a new option package, or in dilution should Musk get more of a stake, as it seeks to remedy the situation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300571342422128,"gmtCreate":1714401180242,"gmtModify":1714401725447,"author":{"id":"4103342309809550","authorId":"4103342309809550","name":"clim8888","avatar":"https://static.tigerbbs.com/0ed256de6822fead6b85cee7acebc396","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103342309809550","authorIdStr":"4103342309809550"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300571342422128","repostId":"300483836039232","repostType":1,"repost":{"id":300483836039232,"gmtCreate":1714379834661,"gmtModify":1714390201896,"author":{"id":"4157864390704452","authorId":"4157864390704452","name":"Jo Ker","avatar":"https://community-static.tradeup.com/news/e35ceceaf78d8b031d8e56601791257e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4157864390704452","authorIdStr":"4157864390704452"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","text":"$Tesla Motors(TSLA)$ Hi all! Hold on $180 coming this week! We have dig ourselves out of the Cybertruck pit!🤣","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300483836039232","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}