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Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Business Insider

Business Insider · 1y ago

Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Tesla CEO Elon Musk has announced that the company is increasing compensation packages for its AI engineering team in response to recruitment efforts by OpenAI. Musk stated that OpenAI has been successful in enticing some Tesla engineers with lucrative offers, and Tesla is taking action to retain its talent. Competition for AI talent has been intensifying in the tech industry, with companies like Meta and Google also adopting various tactics, such as personalized emails and higher pay offers, to attract and retain skilled AI researchers and engineers.

Related News

Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup

Business Insider

Business Insider · 1y ago

Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup

Elon Musk's artificial intelligence startup, xAI, has reportedly been hiring engineers from Tesla, with three former Tesla engineers joining the company since its launch last summer. One of the engineers, Ethan Knight, had previously been working on computer vision for Tesla's self-driving technology. Musk accused OpenAI, another AI company, of aggressively recruiting Tesla engineers and claimed that he has been raising salaries for Tesla's AI engineering team in response. Musk recently expressed a desire for more control over Tesla's AI strategy and stated that he would feel uncomfortable expanding the company's capabilities without controlling a quarter of the voting bloc.

Musk says Tesla is boosting engineer pay in AI talent war

Livemint

Livemint · 1y ago

Tesla is reportedly increasing salaries for its AI engineers to prevent them from being poached by OpenAI. CEO Elon Musk acknowledged that OpenAI has been aggressively recruiting Tesla engineers with lucrative offers and has succeeded in some cases. Musk referred to it as the "craziest talent war" he has ever seen. This comes as a response to reports of a Tesla machine-learning scientist leaving to join Musk's AI startup, xAI. Musk had initially supported OpenAI but has since had a falling-out with the company.

Elon Musk and Tesla’s $30 trillion AI supersonic tsunami

Livemint

Livemint · 1m ago

Elon Musk and Tesla’s $30 trillion AI supersonic tsunami

Tesla CEO Elon Musk highlighted the company's massive AI investments, focusing on robotics and self-driving car technology, during a virtual appearance at the Tesla Owners of Silicon Valley 2025 event. Despite recent stock volatility, Musk shared ambitious AI-driven visions for Tesla's future, aiming at significant industry impacts.

Who is Ashok Elluswamy, software engineer praised by Elon Musk?

Twitter · 1y ago

Who is Ashok Elluswamy, software engineer praised by Elon Musk?

Elon Musk praised Tesla's AI/Autopilot software lead Ashok Elluswamy by saying Tesla "would just be another car company" without him. Ashok did his BE from College of Engineering Guindy, Chennai and MSc from Carnegie Mellon University. He was the first person recruited from Musk's tweet saying that Tesla is starting an Autopilot team. He's been at Tesla for 10+ years.

Elon Musk steps down from Trump team after criticising ‘big or beautiful’ spending bill, thanks President for opportunity

Economic Times

Economic Times · 3m ago

Elon Musk steps down from Trump team after criticising ‘big or beautiful’ spending bill, thanks President for opportunity

Elon Musk has stepped down from his role as a special advisor to the Trump administration after criticizing President Trump's "massive spending bill." Musk, who led the Department of Government Efficiency (DOGE) to reduce government waste, expressed disappointment with the bill's increased budget deficit and cuts to clean energy incentives. Musk plans to return focus to Tesla and SpaceX, while Trump's administration faces mixed reactions to the legislation and Musk's departure.

GOP wants EV tax credit gone; it would be a disaster for Tesla

Arstechnica

Arstechnica · 1m ago

GOP wants EV tax credit gone; it would be a disaster for Tesla

The Republican Party is pushing to eliminate the IRS clean vehicle tax credit, affecting Tesla significantly. Tesla CEO Elon Musk criticized the budget bill that may remove the $7,500 tax credit for electric vehicles by October 1, raising their prices. This has reignited tensions between Musk and the GOP. Musk argues the bill is too wasteful, while Trump countered, suggesting Musk's ventures are overly reliant on subsidies. The outcome could impact Tesla's US sales and profitability.

Elon Musk might not get to keep his $55 billion Tesla package. But overall, CEOs shouldn't panic about their paydays.

Business Insider

Business Insider · 1y ago

Elon Musk might not get to keep his $55 billion Tesla package. But overall, CEOs shouldn't panic about their paydays.

A Delaware judge ruled against Elon Musk's $55 billion compensation package for his work at Tesla, citing excessive pay. While this case is rare, experts believe it may not have a significant impact on executive compensation in general. The unique circumstances of Musk's package, which tied his stock options to Tesla's market evaluation, made it difficult to defend. Additionally, the judge found that Tesla's board had extremely close ties to Musk, further complicating the situation. While the ruling is notable, it may not set a broad precedent for executive pay.

Elon Musk rips media reports of robot 'attack' in Tesla's Texas factory

Business Insider

Business Insider · 1y ago

Elon Musk rips media reports of robot 'attack' in Tesla's Texas factory

Elon Musk criticized the media's coverage of a robot incident at a Tesla factory in Austin, referring to it as "truly shameful." The media reports focused on a 2021 incident where an engineer was injured by a Kuka robot arm during a software update. Musk defended the Optimus humanoid robots, featured in Tesla's thumbnail, and expressed his optimism about their potential. Tesla's safety record, including incomplete injury reports and safety weaknesses, has been a subject of concern in the past.

The Tesla shareholder who denied Musk his $55 billion payday is a former heavy metal drummer

Business Insider

Business Insider · 1y ago

The Tesla shareholder who denied Musk his $55 billion payday is a former heavy metal drummer

Richard Tornetta, the Tesla shareholder who successfully sued the company over Elon Musk's $55 billion compensation plan, was revealed to be a former heavy metal drummer for the band Dawn of Correction. Tornetta's victory in court has denied Musk his massive payday, prompting the billionaire to express frustration and seek to move Tesla's incorporation to Texas. The Delaware court ruled the compensation package to be unfair to shareholders, making Tesla develop a new plan for Musk's compensation.

Nvidia chief calls Elon Musk an ‘extraordinary engineer’, says Optimus robot will be next big thing

Economic Times

Economic Times · 3m ago

Nvidia chief calls Elon Musk an ‘extraordinary engineer’, says Optimus robot will be next big thing

Nvidia CEO Jensen Huang praised Tesla's Elon Musk as an extraordinary engineer, emphasizing their strong business ties. Tesla and xAI are among Nvidia's top customers, with collaboration expected in AI and robotics, particularly the Optimus robot, potentially a multi-trillion-dollar industry. Despite geopolitical challenges and US restrictions affecting sales to China, Nvidia reports robust financial growth, projecting a 50% revenue increase in the forthcoming quarter due to rising AI chip demand.

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