Several directors of Tesla, including Elon Musk, have agreed to pay $735 million to settle claims that they overpaid themselves. This settlement comes ahead of Tesla’s second-quarter earnings release. The settlement is not expected to have an impact on the company’s Q2 earnings. The directors were accused of committing fraud, although this was not implied by the person who shared the news. Link

A poll was conducted in the Whatsapp group to gather participants’ preferences for cloud computing providers for their startups. The options were AWS, Google, Microsoft, and Others. 9 votes were cast for AWS, 6 votes for Google, 5 votes for Microsoft, and 2 votes for Others. There was a discussion about the benefits of Microsoft Founders credits, which were considered more beneficial in the UAE. The features offered by Microsoft at different levels of startup growth were praised. [Link](No Link Available)

Members of the group discussed their experiences with investors who committed to investing but did not deploy the funds. It was noted that this was a common occurrence and certain clauses in the term sheets allowed investors to back off. Some founders shared that they had heard about such situations from other founders countless times. [Link](No Link Available)