I believe that Elon Musk’s compensation package will haunt Tesla for years as lawsuits are already piling up.
Everyone is pointing fingers at who they think is responsible for this situation. Here’s my take.
We are less than two weeks away from Tesla’s annual shareholders meeting during which we will know the results of the shareholder vote on Musk’s compensation package and…
Ford CEO Jim Farley wants the company to deliver affordable EVs like Henry Ford did with the Model T. However, the hard part is doing so profitably. After China’s bet on EVs “paid off” so far, Ford wants to compete with the best, including BYD.
Ford moves to…
Tesla has started to release a new software update that brings improvements to its adaptive headlights, games, and more.
Today, Tesla announced the start of the rollout of its 2024.20 software update.
The main new feature is the fact that the adaptive headlight feature for…
Dongfeng Motor will utilize advanced humanoid robots to help build its vehicles in China
June 4, 2024
A subsidiary of Dongfeng Motor Corporation has signed a strategic agreement with Ubtech Robotics, a leading smart service and humanoid robot company. As a result, Dongfeng will implement Ubtech’s humanoid robots into its vehicle manufacturing processes, joining a new era of next-generation mobility being assembled by next-generation robotic technology.
Dongfeng Motor Corporation has operated…
Toyota shipments halted by inadequate vehicle testing, shareholders call for a new Chairman
June 4, 2024
Toyota is once again facing scrutiny under Chairman Akio Toyoda’s leadership, and two of the Japanese automaker’s largest shareholders have seen enough. Following a recent report of misconduct regarding inadequate vehicle verification testing amid a previous wave of…
Tesla is starting to officially sell the new Model 3 Performance in China and it is going to be interesting to see how the vehicle does in the market.
Tesla launched the new, refreshed Model 3, sometimes referred to as Model 3 Highland, almost a year ago in China, but the…
American truck brand Peterbilt has announced its biggest electric semi sale to date – with Swedish transport company Einride AB ordering 150 of the company’s 579EV BEV trucks.
Einride is known for its “Freight Capacity as a Service” offerings that transport customers with a managed, low-risk way to transition to zero-emission transportation. Integrating electric and autonomous vehicles…
For those of you waiting to get your hands on Volkswagen’s new all-electric ID.7 sedan, you will have to wait (at least) a little longer. VW is delaying the ID.7 launch in the US as dealers express caution.
VW delays US-bound ID.7 as dealer concerns arise
Volkswagen…
Archer Aviation finds a partner to commercialize eVTOL travel in Korea, demo flights coming in Q4
May 31, 2024
Electric Vertical Takeoff and Landing (eVTOL) aircraft developer Archer Aviation is continuing to lay the global groundwork for commercial operations in a new territory: South Korea. The next-generation aircraft specialist has announced a new partnership with Korea’s…
Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case.
In a new letter, Chancellor Kathaleen McCormick, the judge who canceled Elon Musk’s $55 billion compensation package after she concluded Tesla’s board misled investors, said that Tesla’s lawyers reassured her that the company won’t use its…
