Tesla pay approved AI stocks slide Target pivots
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Wall Street woke to a jolt of headlines: Tesla investors approved Elon Musk’s nearly $1 trillion pay plan, lifting his stake to 25% and tying stock awards to milestones including 1 million Optimus robots. Tech shares fell as AI valuation worries resurfaced; the Nasdaq dropped 1.9% and job cuts hit 153,074 in October. President Donald Trump announced deals with Eli Lilly and Novo Nordisk to cut obesity drug costs, with Medicare coverage starting mid 2026. Amid the funding debate, OpenAI said annualized revenue tops $20 billion. Target will limit store fulfillment to improve messy in store experiences.
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