Opendoor Technologies - Opendoor Technologies has appointed a new CEO, a former Shopify executive, with a compensation package that could total $2.78 billion if he successfully triples the company's share price [6][10] - The new CEO will be overseen by Opendoor's founders, Eric Wu and Keith Rabois, who have returned to the board [7] - The company is entering a "founder mode" with the new leadership structure and additional financing [8] Boring Company - Boring Company's tunneling operations in Las Vegas were temporarily halted due to a worker suffering a "crushing injury" [10][11] - Investigations revealed multiple injuries among employees during Boring Co. projects, prompting increased oversight from the Las Vegas Convention and Visitors Authority [12] - The company is testing self-driving Tesla vehicles in its tunnels and is preparing for new tunnel systems in Nashville [13] Figure Technology - Figure Technology, a blockchain lender, went public on Nasdaq after raising $787.5 million in its IPO, with shares initially listed at $25 and closing at $31.11, valuing the company at over $6 billion [14][16] - The company focuses on utilizing blockchain for mortgages, facilitating approximately $6 billion in loans from June 2024 to June 2023, generating over $190 million in revenue and nearly $30 million in net income in the first half of the year [15] - The IPO is part of a broader trend of crypto companies going public, with other notable IPOs in the sector occurring recently [16]

Core Insights - Elon Musk held a livestreamed all-hands meeting for Tesla employees, encouraging them to retain their stock despite a significant decline in share value, which has dropped 51% since December [1][2] - Musk acknowledged the current challenges facing Tesla, describing the situation as "stormy weather" and referencing negative media coverage and protests against the company [1][2] - The meeting was Musk's first major appearance since the January earnings call, coinciding with calls from analysts for him to take a more active role in addressing the company's issues [2] Company Performance - Tesla's stock has experienced volatility, with a 4% loss anticipated for the week, marking its ninth consecutive week of losses [2] - Despite the broader market decline, Tesla shares rose over 1% following Musk's meeting, indicating a potential positive response from investors [2] Leadership and Responsibilities - Musk described his current workload as overwhelming, stating he has "like 17 jobs" and is "stretched pretty thin" due to his various roles, including leadership positions in SpaceX, xAI, and the social media platform X [3] - His involvement in the White House's Department of Government Efficiency has drawn criticism and may be impacting Tesla's brand perception and sales [3] Financial Impact - Musk's net worth has decreased by nearly $140 billion from its peak in December, with his current fortune estimated at $328 billion, primarily driven by SpaceX rather than Tesla for the first time since 2019 [4]