Business
Elon Musk’s $1 Trillion Gamble Approved… Tesla Investors Say ‘Yes’ to the Most Expensive Bet in Corporate History
In a move that cements Elon Musk’s status as both the most powerful and polarizing CEO in modern history, Tesla, Inc. shareholders have overwhelmingly approved his nearly $1 trillion compensation plan, giving him control over up to 25% of Tesla’s shares if the company hits a list of unprecedented performance milestones.
Announced at Tesla’s annual meeting in Austin, Texas, on Thursday, the vote saw over 75% of participating shareholders support the plan — defying warnings from major proxy advisors Glass Lewis and Institutional Shareholder Services (ISS), both of which urged investors to vote “no.”
Brandon Ehrhart, Tesla’s General Counsel, confirmed the outcome, describing it as “a resounding endorsement of Musk’s vision.”
The Biggest Pay Plan Ever — And the Boldest Targets
The newly approved package will grant Musk 12 tranches of stock options tied to Tesla’s performance over the next decade.
To unlock each portion, Tesla must meet massive market-cap and operational goals, including:
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- A market capitalization of up to $8.5 trillion, from the current $1.54 trillion.
- 20 million vehicles delivered annually (compared to roughly 8 million to date).
- 10 million Full Self-Driving (FSD) subscriptions.
- 1 million humanoid robots (Optimus) delivered.
- 1 million robotaxis operating commercially worldwide.
Tesla has paired these market-cap targets with earnings milestones, beginning at $50 billion in annual adjusted profit and climbing to $400 billion.
The first tranche activates if Tesla reaches a $2 trillion valuation — an increase of nearly 30% from its current market value. Each subsequent tranche is tied to $500 billion increments until $6.5 trillion, followed by two final leaps of $1 trillion each.
A Billionaire’s Vision of the Future
Speaking on stage beside two prototype robots, Musk predicted that Tesla’s Optimus humanoid robots would “eliminate poverty,” deliver “amazing medical care for all,” and ultimately become “bigger than cell phones, bigger than anything.”
He even suggested the robots could one day “follow criminals around” to prevent future crimes.
Though Tesla has yet to commercially release the Optimus robot — and no official timeline exists — Musk framed it as humanity’s next great leap.
“This is not just a company; it’s civilization’s next chapter,” he told shareholders.

ROME, ITALY – DECEMBER 15: Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Italian Prime Minister Giorgia Meloni’s right-wing political party organised a four-day political festival in the Italian capital. (Photo by Antonio Masiello/Getty Images)
A Vote Divided — But a Victory for Musk
Despite skepticism from governance experts, Tesla’s board, led by Robyn Denholm, urged investors to approve the plan.
“This package is designed to keep Elon’s time, energy, and extraordinary talents focused on Tesla for the long haul,” the board said in its proposal.
The result shows Musk’s influence remains unmatched. He has turned his near-cult-like following — spanning from retail investors to Silicon Valley billionaires — into a decisive force.
Many supporters rallied on X (formerly Twitter), arguing Musk deserves the pay only if he delivers results. “He gets nothing if he fails,” one user posted, echoing Musk’s own defense that his reward depends entirely on Tesla’s success.
The xAI Connection
One of the more surprising moments at the meeting came from Stephen Hawk, a small Tesla investor, who proposed allowing Tesla to invest in Musk’s artificial intelligence startup xAI — a company founded in March 2023 to rival OpenAI.
Ehrhart said the proposal received “more votes in favor than against,” though many abstained. Tesla’s board is now reviewing its next steps.
xAI recently merged with Musk’s social media platform X, integrating AI features and competing directly with ChatGPT and Anthropic.
The Fine Print: Loopholes and “Covered Events”
Critics, however, point out that Musk could still earn billions even without achieving every milestone. According to Reuters, Tesla’s board included a list of “covered events” — such as natural disasters, wars, pandemics, or regulatory changes — that could still trigger partial payouts.
This means that in certain global crises, Musk could receive shares even if Tesla misses performance goals.
Legal Cloud from Delaware
This new plan comes just months after the Delaware Court of Chancery struck down Musk’s 2018 $56 billion pay package, calling it “improperly granted.”
Musk has appealed that ruling to the Delaware Supreme Court. Tesla’s latest package attempts to fix some of those procedural issues — but legal experts warn it could face similar challenges.
“You can’t just repackage the same problem with bigger numbers,” said a corporate-law professor from Harvard Business School.
Political Storm and Public Backlash
The National Bureau of Economic Research recently estimated that Tesla’s U.S. sales could have been 67% to 83% higher from late 2022 through 2025 if not for Musk’s “polarizing political actions.”
The billionaire has aligned himself with Donald Trump and currently heads the Department of Government Efficiency, a program aimed at reducing federal spending during Trump’s second term.
Despite this, Tesla’s board made no mention of limiting Musk’s political activity — or requiring him to dedicate a specific number of hours to Tesla.
The Musk Empire Expands
Beyond Tesla, Musk leads a growing constellation of companies:
- SpaceX — his rocket and space-exploration firm.
- Starlink — a global satellite internet service.
- Neuralink — developing brain-computer interfaces.
- The Boring Company — tunneling and urban transport infrastructure.
- xAI — Musk’s AI company competing with OpenAI.
Each venture, Musk insists, serves one mission: “to make the future exciting and multi-planetary.”
What Comes Next
For Tesla investors, this vote wasn’t just about compensation — it was a referendum on faith. Faith in Musk’s vision, faith in the company’s potential, and faith that the man who built rockets, cars, and social media empires can now lead the AI revolution.
Whether this trillion-dollar gamble turns Tesla into the world’s most valuable company — or exposes the limits of one man’s ambition — remains to be seen.
For now, Elon Musk has once again rewritten the rules of corporate America.
And, as he told shareholders with a grin, “This is just the beginning.”
Business
Peacock’s Loss Widens to $552 Million Even as Subscribers Surge to 44 Million ‘Streaming Is a Long Game’
As Comcast posts its latest quarterly numbers, Peacock’s growing audience highlights the costly trade-off behind streaming expansion.
When subscriber numbers climb but losses deepen, the streaming business rarely offers simple answers. That tension was on full display this week as Peacock, the streaming platform owned by Comcast, reported a $552 million loss for the latest quarter—despite growing its subscriber base to 44 million users.
The figures were released as part of Comcast’s fourth-quarter earnings report, offering a clear snapshot of where the company’s streaming ambitions currently stand: expanding reach aggressively while absorbing heavy short-term financial pressure.
At first glance, the numbers look contradictory. How can a platform add millions of subscribers and still lose more than half a billion dollars in a single quarter? But for industry insiders, the answer is familiar—and expected.
Subscriber Growth Brings Momentum, Not Immediate Profits
Peacock has steadily increased its presence in an increasingly crowded streaming market dominated by Netflix, Disney+, and Amazon Prime Video. The service crossed the 44 million subscriber mark, fueled by exclusive sports coverage, popular NBCUniversal content, and aggressive bundling strategies.
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Much of that growth has been driven by live sports—particularly the NFL, Premier League, and Olympics-related content—along with recognizable franchises from NBCUniversal, including hit TV series and blockbuster films.
However, subscriber growth does not instantly translate into profitability. Content production costs, sports licensing fees, marketing expenses, and platform technology investments continue to weigh heavily on Peacock’s balance sheet.
Comcast Leadership Defends the Strategy
Despite the loss, Comcast’s top leadership struck a measured tone. Brian Roberts, Chairman and CEO of Comcast (Wikipedia), emphasized that streaming profitability is a long-term objective, not an overnight outcome.
Executives echoed that sentiment during the earnings call, framing Peacock as a strategic asset rather than a short-term profit center. Michael Cavanagh, Comcast’s President (Wikipedia), pointed out that subscriber engagement and brand relevance remain the company’s immediate priorities.
The message from the top was clear: growth first, profits later.
Why the Losses Are Still Growing
Peacock’s widening losses are tied to several structural realities of the streaming economy:
- Rising content costs, especially for exclusive sports rights
- Heavy marketing spend to attract and retain subscribers
- Continued technology and infrastructure investment
- Competitive pricing to prevent subscriber churn
Unlike traditional cable models, streaming platforms often operate at a loss for years before stabilizing. Industry analysts frequently cite Netflix’s early years, when the company burned cash aggressively to build global scale before turning profitable.

Streaming Wars Force Tough Choices
The broader context matters. The so-called “streaming wars” have entered a new phase, where growth is harder, customer acquisition costs are higher, and competition is intense.
While some platforms are scaling back spending, Comcast appears committed to keeping Peacock competitive—even if it means enduring near-term losses. That approach reflects a belief that long-term survival depends on owning a direct relationship with viewers rather than relying solely on legacy cable revenues.
Comcast’s Broader Financial Picture
Importantly, Peacock’s losses did not derail Comcast’s overall financial stability. The company continues to generate strong cash flow from its cable, broadband, and theme park businesses, giving it the flexibility to support Peacock’s expansion.
Analysts note that Comcast’s diversified revenue streams allow it to absorb streaming losses more comfortably than standalone streaming companies that lack legacy cash generators.
What Comes Next for Peacock
Looking ahead, Peacock’s path to sustainability likely depends on a combination of higher advertising revenue, pricing adjustments, and tighter content spending discipline. Executives have hinted that as the platform matures, cost controls will gradually improve margins.
For now, the focus remains on scale, relevance, and retention—three metrics Wall Street increasingly values alongside raw profit numbers.
As streaming economics continue to evolve, Peacock’s latest results underline a familiar truth in media: building the future is expensive, especially when the competition is global and relentless.
Business
What’s Still Open on Christmas Eve 2025? The Stores, Restaurants and Major Chains Americans Are Rushing To
From last-minute groceries to fast food fixes and gift shopping, here’s who’s open on December 24 — and who’s closing early
Christmas Eve has quietly become one of America’s busiest shopping and dining days. As millions prepare for December 25 celebrations, another holiday ritual unfolds — the last-minute dash for groceries, gifts, prescriptions, or a quick bite before stores shutter early.
In 2025, most major retailers, grocery chains, and restaurants are open on Christmas Eve, though many are operating on reduced or special hours. Planning ahead matters, especially as closing times vary widely by location.
Here’s a clear, category-by-category breakdown of what’s open on December 24, 2025, across the U.S.
Grocery Stores Open on Christmas Eve 2025
If you’re missing ingredients for dinner or dessert, these grocery chains are welcoming customers — but not all day.
- Aldi — Open, most locations closing around 4 p.m.
- Food Lion — Open until 7 p.m.; pharmacies from 9 a.m. to 3 p.m.
- Stop & Shop — Open until 6 p.m.
- Trader Joe’s — Open, closing at 5 p.m.
- Wegmans — Closing at 6 p.m.
- Whole Foods — Regular opening, closing at 7 p.m.
Tip: Many stores stop restocking shelves hours before closing — earlier visits are safer.
Drugstores Open on Christmas Eve
Pharmacies remain essential stops for holiday travelers and families.
- CVS Pharmacy — Open, though hours vary by location
- Walgreens — Open; pharmacy hours may differ from retail hours
Fast-Food Chains & Restaurants Open on Christmas Eve
Hungry during the holiday scramble? You have options.
- Applebee’s — Select locations open
- Chick‑fil‑A — Open Christmas Eve (closed Dec 25)
- Burger King — Open at most locations
- Dunkin’ — Open, hours vary
- IHOP — Open
- McDonald’s — Open, location-based hours
- Taco Bell — Open
- Starbucks — Many stores open, reduced hours
Domino’s stores are not required to open — customers should check local listings.

Mail, USPS, UPS: Are Deliveries Running?
Yes — with exceptions.
- United States Postal Service locations are open
- Mail delivery runs except Priority Mail Express
- Blue collection boxes will be picked up December 24
- UPS will deliver packages, though pickup schedules vary
Last-Minute Gift Shopping: Retailers Open on Christmas Eve
Most major retailers are open — but many close early.
- Best Buy — 8 a.m. to 7 p.m.
- Costco — Open
- Dollar General — Many open until 10 p.m.
- Home Depot — Closing at 5 p.m.
- HomeGoods, Marshalls, T.J. Maxx, Sierra — 7 a.m. to 6 p.m.
- IKEA — Closing early (varies by location)
- JCPenney — Opens 9 a.m., closing varies
- Kohl’s — 7 a.m. to 7 p.m.
- Macy’s — 8 a.m. to 7 p.m.
- Michaels — 7 a.m. to 6 p.m.
- Petco — Most close at 7 p.m.
- Target — 7 a.m. to 8 p.m.
- Walmart — 6 a.m. to 6 p.m.
Is the Stock Market Open on Christmas Eve?
Yes — but only for a short session.
U.S. stock markets are open on December 24, closing early at 1 p.m. ET, instead of the usual 4 p.m.
The Bottom Line
Christmas Eve 2025 remains one of the most active retail days of the year — but timing is everything. Many stores close earlier than usual, and some services scale back well before evening.
If you’re heading out on December 24, check local hours first, plan efficiently, and don’t wait until nightfall — the doors may already be locked.
For more Update- DAILY GLOBAL DIARY
Business
Netflix Chiefs Walk the Warner Bros. Lot… A Power Move After Paramount Skydance’s Bid Is Rejected
As Warner Bros. Discovery shuts the door on Paramount Skydance, David Zaslav rolls out the red carpet for Netflix’s Ted Sarandos and Greg Peters
In Hollywood, timing is rarely accidental — and neither are photo ops.
On the very same day that Warner Bros. Discovery’s board officially rejected Paramount Skydance’s hostile bid, WBD CEO David Zaslav made a conspicuously public statement about where his company’s future may be headed.
Zaslav welcomed Netflix co-CEOs Ted Sarandos and Greg Peters to the iconic Warner Bros. Studio lot in Burbank — a visit documented through a series of carefully released images that quickly caught the industry’s attention.
The message was subtle in tone but loud in implication.
A Walk Through Hollywood History
Photos released by WBD on Wednesday show Zaslav strolling alongside Sarandos and Peters across the legendary studio grounds, including a stop in front of the instantly recognizable Warner Bros. Water Tower — a symbol of nearly a century of film and television history.
Officially, the visit was described as a meeting between Netflix leadership and executives at the studio. Unofficially, it read as a public endorsement of Netflix’s vision — and perhaps, its wallet.
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Just weeks earlier, on December 5, Netflix had its $82.7 billion bid for WBD’s streaming and studios division accepted. That division includes crown-jewel assets such as Warner Bros. Pictures, HBO, HBO Max, and DC Studios.
Why the Paramount Skydance Bid Fell Flat
Earlier that same day, WBD’s board formally rejected the hostile takeover attempt from Paramount Global and Skydance Media — a move that insiders say reflected both strategic concerns and cultural misalignment.
While Paramount Skydance’s offer aimed to consolidate legacy media power, Netflix’s proposal centers squarely on streaming dominance, global scale, and technology-driven growth — areas where the streamer has already proven its reach.
By opening the gates of the Warner Bros. lot to Netflix’s top brass, Zaslav appeared to signal not just preference, but confidence in where the deal is heading.
A Not-So-Quiet Signal to Hollywood
Hollywood executives are well aware that studio tours are rarely casual affairs. Allowing Sarandos and Peters to be photographed on the lot — especially amid active acquisition talks — sends a clear signal to investors, talent, and competitors alike.

It suggests continuity rather than disruption. Legacy rather than liquidation.
Netflix, long viewed as the industry disruptor, has increasingly positioned itself as a studio caretaker, not just a streaming platform. The Warner Bros. assets would give Netflix unprecedented access to intellectual property, prestige brands, and theatrical infrastructure.
For Zaslav, the optics matter. In an industry still grappling with streaming losses, debt pressure, and shifting audience habits, stability — or at least the appearance of it — can be as valuable as the deal itself.
What Happens Next
While regulatory approvals and shareholder reactions still loom, the visit underscores a reality that few in Hollywood now ignore: the battle for the future of legacy studios is being fought not behind closed doors, but in plain sight.
And sometimes, a walk past a water tower says more than a press release ever could.
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