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WSJ Tech News Briefing

TNB Tech Minute: Tesla Shareholders Approve Record-Setting Pay for Elon Musk

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 6 November 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: OpenAI CEO Sam Altman says the startup doesn’t want federal guarantees for a bailout if it fails. And Ford considers scrapping its electric F-150. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Sean has had some good ideas over the years, but using Canva was a really good one.

0:08.0

Sean designed some social posts to promote his friend's car boot sale.

0:13.0

They looked good, really, really good.

0:17.0

Next thing he knows, someone came and bought the loft, including the car.

0:24.5

Now Sean doesn't know how he's going to get home.

0:28.0

Thanks, Canva.

0:31.3

Here's your afternoon, TNB Tech Minute for Thursday, November 6th.

0:35.8

I'm Julie Chang for the Wall Street Journal.

0:38.4

Tesla shareholders have approved a record-setting pay package for CEO Elon Musk, a plan designed

0:44.8

to motivate the world's richest man with as much as $1 trillion in additional stock.

0:50.4

Musk had threatened on social media to leave Tesla if the package didn't pass. The measure was

0:55.8

hotly debated. Tesla's board described the package as pay for performance. It includes 12 chunks of

1:01.8

stock and could give Musk control over as much as 25% of Tesla if he hits a series of milestones

1:08.4

and expands the company's market capitalization to $8.5 trillion

1:12.7

over the next 10 years. Its market cap is now around $1.5 trillion.

1:18.9

OpenAI CEO Sam Altman has said the company doesn't want federal guarantees for a data center

1:24.7

nor a bailout if it fails. Altman posted on X today to clarify comments

1:29.8

made by OpenAI CFO Sarah Fryer at the Journal's Tech Live conference yesterday. Friar had said that

1:35.8

the startup is hoping for an ecosystem of banks, private equity, and perhaps the federal government

1:41.0

to support its efforts. Friar later clarified on LinkedIn that OpenAI isn't seeking a guarantee for its

1:47.9

infrastructure commitments, but was talking about a broader framework to support an industry-wide

1:52.8

buildout.

...

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