The Week in Numbers: the $56 billion question
STORY: From Elon Musk getting what he wants, to the EU getting tough on Chinese EVs, this is the Week in Numbers.
$56 billion is the pay package Elon Musk might now be getting after all.
Tesla shareholders voted to approve the payment, which had been blocked in the courts.
Musk still has to convince a judge though, and could face fresh lawsuits.
Almost $3.3 trillion was the market value of Apple by Wednesday.
That made it once again the world’s most valuable company, back ahead of Microsoft and Nvidia.
Shares in the tech giant surged after it unveiled plans for AI products.
Apple exec Craig Federighi:
"Apple Intelligence is the personal intelligence system that puts powerful generative models right at the core of your iPhone, iPad and Mac. It draws on your personal context to give you intelligence that's most helpful and relevant for you.”
Up to 38.1% is the new import tariff set to be slapped on Chinese-made EVs by the EU.
Brussels says makers in the country get too much state subsidy.
But shares in big names like BYD leapt the next day, on bets they can shrug off the new levies.
10-for-1 was the stock split at Nvidia.
That divides its shares into smaller, more affordable chunks, with a view to making them an easier buy for retail investors.
Analysts say it’s debatable if such moves really do much to boost stock prices.
And about $1.9 billion is the stake in Southwest Airlines built up by activist fund Elliott Investment Management.
It’s calling for a leadership and board shakeup, saying the firm needs a fresh start.
Southwest boss Bob Jordan says he’s not going anywhere though.
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