Tesla proposes new pay package for Elon Musk worth up to $1T, also, Snapchat's new Lens, and Rivian cut more workers
Update: 2025-09-05
Description
Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI.
Also, Snapchat is launching a new Lens that lets users create and edit images using a text-to-image AI generator, the company told TechCrunch exclusively. The new “Imagine Lens” is available to Snapchat+ Platinum and Lens+ subscribers.
And, Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for the all-important launch of its more-affordable R2 SUV next year.
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