Economy

Tesla's future
Tesla chairman: Is there a plan if Musk leaves

The Tesla board of directors takes its responsibility to find a successor to Elon Musk very seriously. This is what chairman Robyn Denholm says in a television interview with Bloomberg.

Within a few days, the vote will be decided where the company's shareholders will decide on a bonus package for Musk of approximately $ 1 trillion, spread over several years. If the decision is voted down, Musk has signaled that he may step down from his position.

- He has been clear that he sees this as a vote on his leadership, says Denholm.

While the chairman states that the board is actively planning for an orderly succession within the management team, she insists that it is important to keep Musk as CEO.

- There is no other person like Elon. We think he is the right leader for the coming decade.

Denholm defends the bonus package. In order for the payment to be made, the company must reach high goals. At the same time, it is about Musk – who is also the company's largest owner – being interested in getting more votes in the company, not in making large amounts of money.

Microsoft's future
Microsoft and Apple pass the $4 trillion mark

Tech companies Microsoft and Apple have both traded at a market value of over $4 trillion for the first time ever.

For Microsoft, today's stock market rise is driven by a new deal with Open AI that cements Microsoft's role as a major owner of the AI ​​company.

Apple is trading around zero and is having difficulty staying above the dream limit. Better-than-expected iPhone sales are said to be behind the small upward movements.

Amazon's future
Clear: 14,000 jobs to be cut at Amazon in reorganization

The American giant Amazon is cutting 14,000 office jobs, according to a press release. Among other things, Amazon writes that it is "implementing organizational changes within Amazon that will affect some of our employees".

The company emphasizes that the changes mean that some areas within Amazon will cut jobs, while others will hire more.

CNBC notes that the cuts are expected to be the largest in the company's history.

Yesterday, sources told Reuters that up to 30,000 jobs could be lost.

Chip battle
Nvidia invests billions in Nokia - Finnish company rushed

Chip giant Nvidia is investing $1 billion in Nokia. This is according to a press release from the Finnish telecom company.

Nokia's shares surged nearly 21 percent on the Helsinki stock exchange after the announcement. Ericsson was also pulled into the rise, and today's price rise for the Swedish Nokia rival improved from minus 0.6 percent to close 2.5 percent up after Nokia's press release.

The deal is based on Nokia making a directed new issue where Nvidia subscribes for the newly issued shares for $6 each. Yesterday's closing price for Nokia's depositary receipts on the New York Stock Exchange was $6.33.

Through the purchase, Nvidia is expected to take a 2.9 percent stake in Nokia.

Swedish arms exports
Saab receives order from the US Army worth 430 million

Saab has received an order for the Giraffe 1X radar system from the US Army worth 46 million dollars, equivalent to 430 million kronor.

The order was booked in the third quarter of this year and deliveries will begin next year.

The share gets a small boost on the stock exchange after the announcement and is up nearly 1 percent for the day at 4:40 p.m.