AutomationManufacturingTechnology

Tesla Accelerates Production Plans as Musk Expresses Confidence in Autonomous Driving Tech

Tesla CEO Elon Musk indicates the company will aggressively scale production after achieving clarity on unsupervised full self-driving capabilities. The announcement comes as Tesla navigates margin compression from increased operational spending and changing EV tax credit landscape.

Production Expansion Strategy

Tesla is preparing to significantly increase its manufacturing output, with CEO Elon Musk stating the electric vehicle maker will expand production “as fast as we reasonably can,” according to the company’s recent earnings report. Sources indicate this accelerated production timeline follows Musk’s increased confidence in Tesla’s self-driving platform, which he previously described as a prerequisite for major expansion.

BusinessStartupsTechnology

Allica Bank Expands into Embedded Finance with Kriya Acquisition

Allica Bank has acquired Kriya in a strategic move to enter the embedded finance market. The combined entity reportedly aims to advance £1 billion in working capital financing to UK small and medium businesses within three years while maintaining Kriya’s brand and leadership.

Strategic Acquisition Expands Embedded Finance Capabilities

Allica Bank has reportedly acquired Kriya in a strategic move to enter the embedded finance market, according to recent reports. Sources indicate the combined offering will provide flexible working capital and PayLater options specifically tailored for small and medium-sized businesses (SMBs) across the United Kingdom.

AIBusinessTechnology

Microsoft CEO Satya Nadella Receives $96.5 Million Compensation Package Amid AI Success

Microsoft CEO Satya Nadella has received his largest compensation package since taking leadership a decade ago. The $96.5 million pay reflects the company’s strong performance during the artificial intelligence boom, with stock awards comprising the majority of the package.

Record Compensation Package

Microsoft CEO Satya Nadella has reportedly received his largest compensation package since becoming chief executive ten years ago, according to the company’s recent proxy filing. Sources indicate his total pay reached $96.5 million for fiscal 2025, representing approximately a 22% increase from his $79 million compensation in 2024.