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SuccessTesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success

JB Straubel was the architect of Tesla’s core tech, but his first pitch to Elon Musk fell flat.

By Rachel VentrescaJune 24, 2026
U.S. President Donald Trump winks during an executive order signing event in the Oval Office of the White House on June 22, 2026 in Washington, DC.
EconomyTrump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe, as Bessent warns U.S. must avoid ‘foreign chokepoints’
By Eleanor PringleJune 24, 2026
You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
EconomyYou can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
By Jim EdwardsJune 24, 2026
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AIReid Hoffman says SpaceX is ‘not an AI company’ and xAI is a ‘complete train wreck’—and there’s room for both OpenAI and Anthropic
By Nick LichtenbergJune 24, 2026
Latest
Exclusive: Seltz, a startup rebuilding web search for AI agents, raises $12.5 million in seed funding2 hours ago
Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe, as Bessent warns U.S. must avoid ‘foreign chokepoints’2 hours ago
Inside Nasdaq CFO Sarah Youngwood’s AI playbook3 hours ago
Top CD rates today, June 24, 2026: Lock in up to up to 4.40%3 hours ago
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
NewslettersAs mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
By Allie GarfinkleJune 24, 2026
Tencent COO and interactive entertainment group president Ren Yuxin on July 9, 2020 in Shanghai, China. (Photo: Wu Jun/VCG/Getty Images)
NewslettersTencent winds down its Japanese game studio investments
By Andrew NuscaJune 24, 2026
Now she’s worth $200 million—and Sarah Jessica Parker thanks being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
SuccessNow she’s worth $200 million—and Sarah Jessica Parker thanks being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
Quantum computing stocks surge after Trump signed executive orders backing the sector
InvestingQuantum computing stocks surge after Trump signed executive orders backing the sector
By Marco Quiroz-GutierrezJune 23, 2026
Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersDefections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
Matt Freese stopping a soccer ball entering the goal
SuccessTeam USA’s goalkeeper passed on Manchester United, the club that helped shape David Beckham’s career, for Harvard—and has zero regrets
By Preston ForeJune 23, 2026
Photo of Fiona Fung
Workplace CultureAnthropic engineering head says Claude Code made employees’ work a ‘lonely experience’—and it could hint at Big Tech’s bigger morale problem
By Sasha RogelbergJune 23, 2026
SpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
InvestingSpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
By Eleanor PringleJune 23, 2026
Newsletters
Term SheetBy Allie Garfinkle
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As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
CEO DailyBy Diane Brady
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Business is moving past the tech bro era and learning to value ‘real people, real places’
Fortune TechBy Andrew Nusca
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Tencent winds down its Japanese game studio investments
Eye on AIBy Jeremy Kahn
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Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
MPW DailyBy Emma Hinchliffe
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From Audrey Gelman to Bobbi Brown, second-time female founders are on the rise
Fortune TechBy Andrew Nusca
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Meta’s latest reverse acqui-hire: Cred founder Kunal Shah
AI
Taktile cofounders Maik Taro Wehmeyer (left) and Maximilian Eber (right) stand side by side, smiling at the camera.
Startups & VentureExclusive: Taktile raises $110 million from Goldman Sachs, Tiger Global to automate high-stakes financial decisions 
By Camila Grigera NaónJune 24, 2026
Sarah Youngwood, EVP and CFO at Nasdaq.
AINasdaq’s CFO says leaders must learn AI—not just their teams
By Sheryl EstradaJune 24, 2026
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CommentaryTrump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
(left to right) Andrew Berman, Tal Peretz, and Vitor Balocco
AIExclusive: Vinod Khosla wanted ‘every available dollar’ of Runlayer’s funding round. It just raised $30 million to govern the agent workforce
By Lily Mae LazarusJune 24, 2026
Term Sheet podcast
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
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Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
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The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
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How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
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Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
Success
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CommentaryTrump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
Now she’s worth $200 million—and Sarah Jessica Parker thanks being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
SuccessNow she’s worth $200 million—and Sarah Jessica Parker thanks being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
SuccessTesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
By Rachel VentrescaJune 24, 2026
The hidden cost of your AI rollout: burning out the high performers running it
Workplace CultureThe hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
From the Magazine
MagazineCiti’s 5-year comeback: How CEO Jane Fraser turned the bank’s chronic underperformance into decade-high revenue

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

By Claire ZillmanMay 27, 2026
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
MagazineAs CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
Inside the ultra-luxury eco-adventure industry turning conservation into a status symbol
MagazineInside the ultra-luxury eco-adventure industry turning conservation into a status symbol
By Adam EraceMay 24, 2026
Microsoft lost its way in the AI race. Can Copilot get it back on course?
MagazineMicrosoft lost its way in the AI race. Can Copilot get it back on course?
By Jeremy KahnMay 21, 2026
Why the AI field’s biggest names are betting billions on ‘world models’
MagazineWhy the AI field’s biggest names are betting billions on ‘world models’
By Sharon GoldmanMay 20, 2026
Energy
price-of-oil-06-23-2026
Personal FinanceCurrent price of oil as of June 24, 2026
By Joseph HostetlerJune 24, 2026
U.S. President Donald Trump winks during an executive order signing event in the Oval Office of the White House on June 22, 2026 in Washington, DC.
EconomyTrump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe, as Bessent warns U.S. must avoid ‘foreign chokepoints’
By Eleanor PringleJune 24, 2026
data
EnergyAI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price
By Conor Harrison and The ConversationJune 23, 2026
iran
EnergyThe Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
By Wyatte Grantham-Philips, Mae Anderson and The Associated PressJune 23, 2026
Fortune Rankings
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneOctober 29, 2025
Leadership
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CommentaryTrump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
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CommentaryThe ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
Sarah Youngwood, EVP and CFO at Nasdaq.
C-SuiteInside Nasdaq CFO Sarah Youngwood’s AI playbook
By Sheryl EstradaJune 24, 2026
Business is moving past the tech bro era and learning to value ‘real people, real places’
NewslettersBusiness is moving past the tech bro era and learning to value ‘real people, real places’
By Diane BradyJune 24, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AIWhy dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AIReward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AIHow Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AIAI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Photo of young woman with a photo of a pizza
SuccessGen Z grad landed an internship by wearing her university baseball cap to her pizza joint job. Now she works at Cisco
By Orianna Rosa RoyleJune 14, 2026
Photo of Marc Benioff
MagazineSalesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineA Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
Anduril CEO Brian Schimpf
MagazineInside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
Real Estate
Mortgage rates today, June 24, 2026
Personal FinanceMortgage rates today, June 24, 2026
By Glen Luke FlanaganJune 24, 2026
Current ARM mortgage rates report for June 24, 2026
Personal FinanceCurrent ARM mortgage rates report for June 24, 2026
By Glen Luke FlanaganJune 24, 2026
Current refi mortgage rates report for June 24, 2026
Personal FinanceCurrent refi mortgage rates report for June 24, 2026
By Glen Luke FlanaganJune 24, 2026
Current ARM mortgage rates report for June 23, 2026
Personal FinanceCurrent ARM mortgage rates report for June 23, 2026
By Glen Luke FlanaganJune 23, 2026
Great Place to Work Rankings
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Fortune 100 Best Companies to Work For Southeast Asia 2025 logo
Fortune 100 Best Companies To Work For – Southeast Asia
By Fortune and Great Place To WorkDecember 1, 2025
Commentary
250 Years of InnovationBy Steve Case
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
White HouseBy Jeffrey Sonnenfeld and Steven Tian
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
HealthBy Michael Gerling
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
climate changeBy Sebastian Buckup
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
ManagementBy Brett Hurt
Middle managers aren’t going extinct—they’re evolving into something more powerful
Elon MuskBy Douglas P. McCormick
Elon Musk’s trillion dollars aren’t real — and that’s the point
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