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• ☕️What Else is Brewing Friday Morning
  Elon Musk gets his $1 trillion Tesla pay package. Tesla...
  Elon Musk gets his $1 trillion Tesla pay package. Tesla shareholders voted to approve the CEO’s controversial pay package at the company’s annual meeting yesterday, with 75% support, CNBC reported. The package can net Musk—already the richest person in the world—up to $1 trillion if the company meets certain goals over the next decade. Some major investors and proxy firms had urged investors to reject the astronomical package, but it was expected to pass after Musk threatened to leave the company if it wasn’t approved. The package also gives Musk more voting power over the company, whose stock has recovered this year despite flagging sales and worries over the EV market now that the $7,500 US tax credit has expired.
  
  Boeing will not face criminal charges after a federal judge tossed out a conspiracy charge related to two 737 Max crashes that killed 346 people.
  
  Direct File, the IRS’ Biden-era free tax filing program, is being ended by the Trump administration.
  
  Ford is considering scrapping the electric version of its F-150 truck after sales “fell far short of expectations,” the Wall Street Journal reported.
  
  Peloton is recalling 833,000 Bike+ units following reports that its seat broke and detached, causing two injuries.
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• Tesla's stock rises as shareholders approve Elon Musk’s $1 trillion pay package
  Tesla Inc. shareholders have thrown their support wholeheartedly...

  Tesla Inc. shareholders have thrown their support wholeheartedly behind Chief Executive Elon Musk, signing off on a compensation package worth up to $1 trillion on Thursday.

  
  

  More than 75% of Tesla investors voted in favor of a proposal to give Musk the package, which ensures that he will stay at the company for about a decade, according to preliminary results. Official results will be made public later.

  
  

  “What we’re about to embark upon is not merely a new chapter in the future of Tesla, but a whole new book,” Musk said on Thursday after taking the stage at Tesla’s factory in Austin, Texas, and thanking investors.

  
  
  

  
  
  Key Points About This Summary
  
  Tesla shareholders approved a compensation package for Elon Musk, potentially worth $1 trillion, with over 75% of investors voting in favor.
  
  

  
  

  
  

  
  
  The package requires Musk to increase Tesla’s market capitalization to $8.5 trillion and achieve product goals like delivering 1 million Optimus robots and 1 million robotaxis.
  
  Shareholders also re-elected three board members and approved a proposal to grant Musk shares from a 2018 compensation package.
  
  

  
  
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• Funding gaps hinder Trump's SPR refill plan
  Despite promising to restore the Strategic Petroleum Reserve to full...
  Despite promising to restore the Strategic Petroleum Reserve to full capacity, the Trump administration has made little progress toward this goal as budget cuts and absent congressional appropriations stall crude purchases. The Energy Department's recent acquisition of 1 million barrels covers less than 1% of the shortfall. Low oil prices offer a chance to rebuild the reserve at a discount before markets tighten, though Energy Aspects Director of Research Amrita Sen noted that "[b]ecause of the shale growth that's happened, the US doesn't need to hold like, 700 million barrels in the SPR anymore."
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• DAILY OIL PRICE: November 6, 2025
  Crude Oil: 59.43   (-0.17)....
  
  
  • Crude Oil: 59.43   (-0.17).
  
  
  • Nymex MTD AVG: 60.4333.
  
  
  • Natural Gas: 4.357   (+0.125).
  
  
  • Gasoline: 1.9656   (+0.0563).
  
  
  • Spreads: December/January (+0.13)     January/February (+0.16).
  
  
  • Plains WTI Posting: 55.91   (-0.17).
  
  

  
  Source: Odessa American
  
  
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• U.S. stocks close sharply lower as investors question valuations and jobs market
  The three major U.S. stock indexes ended lower on Thursday....

  The three major U.S. stock indexes ended lower on Thursday.

  
  

  With stocks still pretty close to all-time highs, investors used Thursday as a chance to take some risk out of their portfolios. A report from Challenger, Gray & Christmas had some observers worried about the state of the U.S. labor market, and even though corporate earnings have been mostly good, some investors have started to doubt that high valuations are justified.

  
  

  The Dow Jones Industrial Average fell 0.8%, according to preliminary data from FactSet.

  
  

  The S&P 500 was down about 1.1%.

  
  

  The Nasdaq Composite was down around 1.9%

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