Camila Dominovsky
👤 SpeakerAppearances Over Time
Podcast Appearances
The new design is meant to help.
Chris O'Connor is the CEO of crash test dummy manufacturer Humanetics.
Humanetics and federal regulators have worked on the new design for over a decade, and there are still several more regulatory steps before the dummy will actually be required in tests.
The proposal calls for auctioning off leases in the eastern Gulf and the untouched high Arctic in Alaska, as well as up and down the California coast, which hasn't seen new drilling in decades.
Oil and gas groups welcome the move as opening up investments.
Environmental groups have denounced it as high risk and low reward.
Wade Crowfoot, the California Secretary for Natural Resources, called into a press conference from the California coastline and spoke with waves crashing behind him.
Expanding offshore oil drilling is a danger.
The plan will be open for public comment for 60 days.
Elon Musk's previous pay package is currently tied up in a legal battle after a shareholder challenged it.
That pay package was a world record too, stock worth more than $55 billion if Musk hit all the targets, which he did.
The new one, an order of magnitude larger, is linked to a new set of targets for valuation and earnings and the number of cars and robots sold.
Musk has said it's not the money that he values so much as the influence the stock represents, influence over Tesla, and more specifically,
over the humanoid robots and other AI-powered tech that Tesla might build and sell.
Since the pandemic, car insurance rates have risen twice as fast as inflation overall.
That's because costs for repairs and medical treatment after car crashes have risen too.
And that means that in addition to costing more, a policy set up a few years ago also won't go as far if a crash actually happens.