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Canada’s Inflation Climbs to 2.4% as Gas Prices Surge to Record High

  Canada’s inflation rate accelerated to 2.4% in March , up from 1.8% in February, as the Iran war triggered the largest monthly gasoline price increase on record . Statistics Canada reported that gas prices surged 21.2% month‑over‑month , a supply‑shock response to Iran’s closure of the Strait of Hormuz and broader Middle East instability.  Energy costs were the dominant driver of March inflation, with overall energy prices rising 3.9% year‑over‑year after a sharp decline the month before. Excluding gasoline, inflation would have eased to 2.2% , highlighting how concentrated the price shock was.  Food inflation offered mixed relief: grocery prices rose 4.4% , while fresh vegetables jumped 7.8% due to difficult growing conditions. Restaurant inflation cooled sharply as last year’s tax‑holiday distortions fell out of the annual comparison.  Economists note that while headline inflation spiked, core measures remained relatively tame , giving the Bank of Canada ro...
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Tesla’s $1 Trillion Bet on Elon Musk: A High-Stakes Vision for the Future

 

                                            Elon Musk


Tesla has unveiled a jaw-dropping compensation proposal for CEO Elon Musk that could reach an unprecedented $1 trillion—if the company hits a series of ambitious milestones over the next decade. The plan, outlined in a recent regulatory filing, would be the largest pay package in corporate history.

The payout hinges on Tesla achieving a market capitalization of $8.5 trillion, up from its current valuation of around $1 trillion. To unlock the full reward, Musk must also lead Tesla to deliver 20 million vehicles annually, deploy 1 million robotaxis, and roll out 1 million AI-powered humanoid robots. The package includes 423 million shares, which would vest only if these targets are met.

Notably, Musk would receive no salary or cash bonus under the plan. Instead, his compensation is entirely tied to performance-based stock awards. The proposal also requires Musk to remain with Tesla for at least 7.5 years, and to help establish a CEO succession framework to access the final tranches.

Tesla’s board argues that retaining Musk is essential to transforming the company from an electric vehicle manufacturer into a global leader in robotics and artificial intelligence. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history,” the board stated in a shareholder letter.

The proposal will be put to a vote at Tesla’s annual shareholder meeting on November 6. If approved, it would not only cement Musk’s role at Tesla but also redefine the scale of executive compensation in the tech industry.


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