WILMINGTON, Del. — In a Delaware courtroom Wednesday, Elon Musk defended a 2018 compensation package deal as Tesla CEO that turned out to be price greater than $50 billion, serving to to make him the world’s richest particular person.
Delaware
Musk testifies in Delaware, defending his massive Tesla pay
Below questioning from the plaintiffs’ lawyer, Musk defended bringing Tesla engineers to Twitter to guage Twitter’s engineering employees forward of mass layoffs on the social media platform. He mentioned their participation was “voluntary,” “after hours,” and “a minor factor.” Pressed as as to whether anybody on Tesla’s board had contacted Musk to recommend that it may be problematic to make use of a public firm’s staff to assist his different, personal firm, Musk mentioned he didn’t recall any such dialog.
Musk additionally acknowledged a tweet claiming he deliberate to sleep on the ground at Twitter till the group was mounted — a course of which Musk mentioned in courtroom Wednesday that he anticipated to be full by the tip of this week.
The trial highlights Musk’s singular place as a prime govt of 5 firms without delay, and calls into query whether or not the phrases of his management at Tesla are in the perfect pursuits of the carmaker’s shareholders, or of Musk himself. It’s the second time in two years Musk has testified in a trial stemming from a Tesla shareholder lawsuit, after a 2021 trial that questioned his function in Tesla’s 2016 acquisition of his cousin’s solar-panel firm, SolarCity. Musk prevailed in that case.
Tesla’s legal professionals keep that his Tesla compensation, which got here largely within the type of Tesla inventory and whose worth was tied to the corporate’s efficiency, was essential to retain and incentivize a CEO who has been vital to its ascent because the world’s Most worthy automaker. If Tesla hadn’t completed so nicely, Musk wouldn’t have made a lot.
Musk, recognized recently for his provocative tweets and risky habits as Twitter’s new proprietor, strode into the Delaware Court docket of Chancery in a black go well with and black tie Wednesday morning, apologizing that he may be a bit “gradual,” having arrived on an in a single day flight. On the stand, he saved a peaceful demeanor amid some verbal jousting with the plaintiffs’ lawyer over obvious inconsistencies in his testimony and the propriety of varied previous tweets.
After Musk testified on direct questioning from Tesla lawyer Evan Chesler that he hadn’t been concerned in any conferences discussing the substance of his pay plan, the opposing counsel offered paperwork that appeared to indicate that Musk might have in actual fact performed a task in devising it. Musk additionally appeared to acknowledge that a few of his tweets might have violated the phrases of a consent settlement with the Securities and Trade Fee, however defended them on the grounds that the settlement “was made below duress” and thus, in Musk’s opinion, “not legitimate.”
On a few events, Musk objected to questions as “deceptive” or too complicated to reply with a sure or no. The lawyer advised Musk, “When your lawyer desires to make an objection, he has the precise to do it. Sadly, you don’t.”
Musk’s preliminary testimony, below direct questioning, centered on the daunting scenario the corporate was dealing with in 2017, when the pay package deal was agreed, and what he described because the “excessive” unlikelihood that he would obtain the benchmarks required to earn as a lot as he did. On the time, the electrical carmaker was not on time on manufacturing of the Mannequin 3, its first mass-market automobile.
Musk’s staggering compensation of greater than $50 billion trusted Tesla hitting wildly bold targets for its market capitalization. He testified that when the plan was conceived, Tesla’s market worth was about $40 billion. He would obtain a big tranch of Tesla inventory, on the order of half a % of the corporate, if that rose to $100 billion, and extra for every further $50 billion past that.
As of Wednesday, Tesla was price some $589 billion, making it one of many 10 Most worthy firms on the earth.
Delaware
Northern lights forecast: Auroras may be visible across US. Will you see them in Delaware?
Aurora Borealis appears over northern US
The aurora borealis appeared in parts of the northern U.S on Thursday. Footage shows the colorful northern lights visible from Lewes, Delaware.
After filling up on turkey, stuffing and a couple of slices of pie, Mother Nature will have an aerial fireworks show for you Thursday and Friday night.
A solar storm is forecast to reach Earth and produce colorful northern lights in the Northern Hemisphere.
The phenomenon, also known as the aurora borealis, should be visible on Thanksgiving and Black Friday in parts of the northern United States, according to the National Oceanic and Atmospheric Administration.
The northern lights are courtesy of a coronal mass ejection hurtling toward Earth, which prompted NOAA’s Space Weather Prediction Center to issue a geomagnetic storm watch for Thursday and Friday. The forecast storm won’t quite have the oomph of the G4-level whopper that came along Oct. 10, but it should still unveil the auroras across the Northern Hemisphere.
Here’s what to know about the northern lights and how to see them on Thanksgiving night in the U.S.
Northern lights: Amid solar maximum, auroras should be more visible across the U.S.
Where will the auroras be visible?
The auroras are best seen around the magnetic poles of the Northern and Southern hemispheres in Europe, Asia and North America. In the U.S., Alaska is well known to have the best viewing opportunities for the northern lights.
The auroras may become visible in some northern and upper Midwest states from New York to Idaho, according to the Space Weather Prediction Center’s experimental Aurora view line. The visibility for viewing also will depend on local weather conditions and city lights.
The northern lights may also be visible low on the horizon in several cities, according to the University of Alaska at Fairbanks Geophysical Institute website, which tracks the phenomenon.
Those include:
- Boise, Idaho
- Cheyenne, Wyoming
- Lincoln, Nebraska
- Indianapolis
- Annapolis, Maryland
Will the northern lights be visible in Delaware?
While the auroras will be visible as far south as Annapolis, folks in Delaware may have issues seeing anything Thursday night. The National Weather Service forecast is calling for a 100% chance of rain Thursday, mostly before noon. While the rain will move off, the forecast for Thursday night is calling for partly cloudy skies which could hinder visibility.
The best chance to see the northern lights is Friday. The forecast is calling for mostly clear skies. You will want to bring a jacket as lows are expected to drop into the upper 20s.
When is the best time to see the northern lights?
As a rule of thumb, if the weather is clear, the best aurora is usually visible within an hour or two of midnight, according to NOAA. And if it looks as if the northern lights will flare up near you, you should get away from cities and travel to dark locations free from light pollution so you can best see them.
The agency also maintains an aurora dashboard that should help skygazers track the phenomenon.
What causes the northern lights
The auroras are a natural light display in Earth’s sky. The phenomenon is caused when electrically charged particles from space enter Earth’s atmosphere and collide with molecules and gases like oxygen and nitrogen, causing the atmospheric particles to gain energy. To return to their normal state, the particles release that energy in the form of light, according to the University of Alaska at Fairbanks.
As auroras form, Earth’s magnetic field redirects the particles toward the poles through a process that produces a stunning display of rays, spirals and flickers that have fascinated humans for millennia.
Why northern lights activity is increasing
Now that the sun is at the height of its 11-year cycle, the increase in solar activity has more frequently fueled “space weather” that produces the right conditions for northern lights to flourish.
Regions of intense magnetic activity known as sunspots are proliferating on the solar surface and are capable of releasing intense bursts of radiation resulting in solar flares that can hurtle toward Earth at the speed of light, according to NOAA. Some of the flares can be accompanied by coronal mass ejections, or clouds of plasma and charged particles, that emerge from the sun’s outermost atmosphere, the corona.
These ejections can collide with Earth’s magnetosphere, the barrier protecting humanity from the harshest effects of space weather, to produce geomagnetic storms that unleash spectacular views of the northern lights in parts of the country where auroras are not often visible.
What’s more, because NASA expects the solar maximum to continue into 2025, aurora chasers should have plenty more opportunities to catch the northern lights.
Delaware
Work has begun to restore eroded shoreline north of Delaware Indian River Inlet
This story is part of the WHYY News Climate Desk, bringing you news and solutions for our changing region.
From the Poconos to the Jersey Shore to the mouth of the Delaware Bay, what do you want to know about climate change? What would you like us to cover? Get in touch.
An emergency dredging project to restore severe beach erosion along a popular surfing and fishing spot north of Delaware’s Indian River Inlet began this week.
The $15 million initiative aims to restore the shoreline on the north side of the Indian River Inlet Bridge.
Two separate storms earlier this year triggered dune breaches along the coastline, closing portions of the Coastal Highway.
The project is a crucial step to protect the highway, which serves as an emergency evacuation route, according to Delaware’s Department of Natural Resources and Environmental Control.
The project will also prepare the area for the increasing intensity of storms caused by climate change, said the agency’s secretary, Shawn Garvin.
“[The area] is in a position where it tends to lose sand faster than other areas of the coastline, and does not naturally regenerate,” Garvin said. “It is at the foot of the bridge. It is a very popular area for fishing and surfing, and general beach use. So, we’re looking to try to get it back into a stable situation.”
Delaware
East Coast Has a New Drought Worry
Salty ocean water is creeping up the Delaware River, the source for much of the drinking water for Philadelphians and millions of others, brought on by drought conditions and sea level rise, and prompting officials to tap reservoirs to push the unpotable tide back downstream. Officials say drinking water isn’t imminently at risk yet, but they’re monitoring the effects of the drought on the river and studying options for the future in case further droughts sap the area, per the AP.
- What is the salt front? The salt front, or salt line, is where salt water from the ocean and fresh water meet in the river. That boundary is typically somewhere around Wilmington, Delaware, but the recent drought has pushed it about 20 miles north.
-
Science1 week ago
Trump nominates Dr. Oz to head Medicare and Medicaid and help take on 'illness industrial complex'
-
Technology1 week ago
Inside Elon Musk’s messy breakup with OpenAI
-
Health5 days ago
Holiday gatherings can lead to stress eating: Try these 5 tips to control it
-
Health3 days ago
CheekyMD Offers Needle-Free GLP-1s | Woman's World
-
Science2 days ago
Despite warnings from bird flu experts, it's business as usual in California dairy country
-
Technology1 day ago
Lost access? Here’s how to reclaim your Facebook account
-
Sports1 week ago
Behind Comcast's big TV deal: a bleak picture for once mighty cable industry
-
Science1 week ago
Alameda County child believed to be latest case of bird flu; source unknown