Welcome, Tech enthusiasts.
Elon just dropped some new advice for business founders — “don’t incorporate your company in Delaware”.
After the state’s court ruled against his $56B Tesla pay package, Musk is wasting no time in pushing to take the company’s talents to Texas. Let’s dive deeper…
Musk pushes for Tesla incorporation pivot
Google expands passkeys towards password-less future
9 new products
NASA pushes for commercial Mars exploration
Hulu slams door on account sharing
Tesla faces more lawsuits
Image source: New York Times
The Rundown: After a Delaware judge voided his $56 billion pay package, Elon Musk just proposed holding a shareholder vote to move Tesla's state of incorporation from Delaware to Texas.
A Delaware judge ruled the $56B incentive package, agreed on in 2018, was unfair to shareholders — saying most board members were "beholden to Musk."
Musk completed all 12 goals required to earn the package, but a group of shareholders challenged the payout of what they saw as overly excessive compensation.
Musk polled X users on where Tesla should move its incorporation, with 87% voting for Texas.
Why it matters: The courts have not been kind to Elon over the years — and this judgement, in the wake of Musk’s recent demands for additional stake to continue building robotics and AI at Tesla, likely cloud his future even more.
The Rundown: Google is expanding its passkeys to more Pixel devices and partnering with major brands like Uber, TikTok, and PayPal to replace passwords with secure biometric login.
Passkeys use fingerprints, face authentication, or PINs instead of passwords to log into online accounts.
The login system better eliminates phishing and attack risks, while also eliminating the need for users to remember tons of different passwords.
Support was added to all recent Pixel phones and the Pixel tablet via a Feature Drop.
Major companies like Adobe, eBay, PayPal, Uber, Nintendo have adopted passkeys, with more set to come as Google drops its Pixel exclusivity.
Why it matters: The days of traditional passwords being the Internet’s primary safeguard are almost up — which is a positive for both security measures and the collective memories of users everywhere.
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Intuit, the maker of TurboTax, faces scrutiny from senators including Elizabeth Warren over its handling of $94 million in research-related tax credits.
NASA initiates a groundbreaking commercial approach to Mars exploration, encouraging U.S. space industry proposals for various private missions.
FCC Chairwoman Jessica Rosenworcel is pushing to classify AI-generated voice robocalls as illegal under the Telephone Consumer Protection Act.
Google has signed agreements to buy offshore wind energy in Europe to power its data centers, working towards its goal of matching electricity use with 100% clean energy by 2030.
Apple has renewed its licensing agreement with Qualcomm for modem chips until March 2027 due to delays in developing its own 5G modem.
Tesla is being sued by 25 counties in California for alleged mishandling of hazardous waste at various facilities in the state.
Hulu updates its terms to prohibit subscribers from sharing passwords outside their primary residence.
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