Tesla announces stock buyback while Musk eyes $1 trillion pay - here's why
Key Points
- Tesla announces a stock buyback amidst rising unemployment a...
Tesla's timing is about as subtle as a car alarm at 3 AM. The electric vehicle giant just announced a stock buyback right when unemployment claims hit 263,000 (the worst since October 2021) and inflation climbed back to 2.9%. Nothing says "everything is fine" quite like corporate America reaching for its financial comfort blanket.
The Art of Financial Distraction
Here's where things get interesting: while Tesla waves around this shiny buyback announcement, Elon Musk is simultaneously juggling a potential $1 trillion compensation package and pouring money into xAI, his AI side project. It...
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