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Elon Musk wins, Tesla stock's $2,600 future, and waiting for robotaxis: The most popular tech stories

Elon Musk wins, Tesla stock's $2,600 future, and waiting for robotaxis: The most popular tech stories

A collection of our best posts of the week in tech innovation

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Image for article titled Elon Musk wins, Tesla stock's $2,600 future, and waiting for robotaxis: The most popular tech stories
Photo: Justin Sullivan (Getty Images), Justin Sullivan (Getty Images), Marco Bello (Getty Images), Maja Hitij (Getty Images), Gonzalo Fuentes (Reuters), Justin Sullivan (Getty Images), Britta Pedersen-Pool (Getty Images), Allison Dinner (Getty Images), Apu Gomes (Getty Images), Screenshot: Apple
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Tesla investors voted on 12 ballot initiatives ahead of the company’s June 13 annual meeting.
Tesla investors voted on 12 ballot initiatives ahead of the company’s June 13 annual meeting.
Photo: Justin Sullivan (Getty Images)

Some five months after a Delaware judge struck down Tesla CEO Elon Musk’s $46 billion compensation package, investors put it back on the table.

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ARK investment Management founder Cathie Wood in 2022.
ARK investment Management founder Cathie Wood in 2022.
Photo: Marco Bello (Getty Images)

On the eve of Tesla’s annual meeting — where shareholders will either rebuke or reward CEO Elon Musk — ARK Investment Management is giving a jaw-dropping prediction of where the stock will be in just five years.

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Tesla CEO and xAI founder Elon Musk
Tesla CEO and xAI founder Elon Musk
Photo: Gonzalo Fuentes (Reuters)

Despite Elon Musk’s ambitions, Tesla’s self-driving robotaxis shouldn’t be expected anytime soon, according to JPMorgan Chase analysts.

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“We expect Tesla to show a robotaxi concept on Aug. 8 and perhaps an accompanying app, and to reveal more about its expected business model,” JPMorgan analyst Ryan Brinkman said in a Tuesday research note. “But we do not expect material revenue generation likely for years to come.”

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Tim Cook at Apple WWDC.
Tim Cook at Apple WWDC.
Screenshot: Apple

Apple left viewers guessing whether it would reveal a major deal with OpenAI for nearly two hours during its Worldwide Developers Conference Monday.

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During the company’s annual event, it announced Apple’s new AI initiative, Apple Intelligence, which will include AI-powered updates to Siri and an array of native Apple apps. And just before the WWDC keynote address wrapped up, Apple finally unveiled that it’s partnering with OpenAI to integrate ChatGPT 4-o into its latest iPhone operating system (iOS 18), iPadOS 18, and macOS Sequoia.

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A Tesla Model 3 electric vehicle at a Californian auto store.
A Tesla Model 3 electric vehicle at a Californian auto store.
Photo: Allison Dinner (Getty Images)

Tesla is warning some customers that it will raise prices on its Model 3 as the European Union introduces new preliminary import tariffs on China-made electric vehicles.

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SpaceX founder and Tesla CEO Elon Musk
SpaceX founder and Tesla CEO Elon Musk
Photo: Apu Gomes (Getty Images)

Elon Musk has repeatedly approached female employees at SpaceX, a company he founded and leads, for sexual activities and to have his children, according to a new report.

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