Musk’s Tesla Pay Isn’t the Biggest Concern From the Shareholder Meeting, This Is. And 5 Other Things to Know Today.

Group 1: Tesla and Elon Musk - Tesla shareholders approved Elon Musk's unprecedented $1 trillion pay package, which is contingent on meeting specific business targets, making him a potential trillionaire [7][10] - The board is hesitant to invest Tesla's funds into Musk's xAI artificial intelligence start-up, despite shareholder support for the proposal [3][6] - Musk expressed optimism that AI-trained Optimus robots will reduce labor costs and increase production, with plans for Cybercab production to begin in April 2026 [8] Group 2: Market Sentiment and AI Investment - The market mood towards AI investments appears to be darkening, with investors wary of large expenditures in the sector amid economic uncertainty [4][5] - Technology stocks have faced significant selling pressure, leading to a flight to safe-haven assets, which complicates justifying long-term investments in AI [5][6] Group 3: DraftKings and Market Competition - DraftKings reported third-quarter sales of $1.14 billion, a 4.4% increase, but fell short of Wall Street expectations, leading to a wider-than-expected loss [15] - The company plans to enter prediction markets, which will allow it to compete with other platforms like Kalshi and Polymarket, expanding its market reach [15][16] Group 4: Schwab's Acquisition of Forge Global - Charles Schwab is acquiring Forge Global, a private markets exchange, for approximately $660 million, aiming to make investing in private companies more accessible [16][21] - The acquisition is expected to enhance Forge's marketplace by connecting it with Schwab's extensive client base, potentially increasing liquidity for private companies [17][21]