Tesla Charging Team Shakeup: Connolly Returns Amid Uncertainty
Tesla’s charging team has experienced a rollercoaster ride in recent weeks, with the abrupt dismissal of the entire team on April 30th, 2024, followed by the surprising return of key team member T.J. Connolly. The news, first shared by prominent…
Tesla Defends Musk’s $56B Pay as ISS Urges Rejection
Tesla is standing by CEO Elon Musk’s $56 billion pay package, arguing it motivated him to create “tremendous value” for shareholders. This comes after top proxy advisory firm Institutional Shareholder Services (ISS) recommended shareholders vote against the proposal, calling it…
Nissan Shakes Up EV Plans, Delays Sedans for Crossovers
Nissan is revising its electric vehicle (EV) strategy, delaying two planned EV sedans and prioritizing crossover production at its Canton, Mississippi plant. The automaker reportedly aims to adapt to changing market conditions and ensure the right products are launched at…
China’s EV Market Thrives Despite Slump
China’s electric vehicle (EV) market continues to thrive, with manufacturers reporting strong sales growth in May, despite a general decline in consumer spending. This growth is driven by price cuts and new model launches, leading companies like BYD, Nio, and…
Lucid Air Sapphire: The $250K Electric Sedan That Outshines All Others
The Lucid Air Sapphire, a high-performance variant of the already impressive Lucid Air, has taken the electric vehicle market by storm. With its unparalleled driving dynamics, top-of-the-line features, and eye-watering $250,000 price tag, this sedan is setting new standards in…
Tesla’s Pivotal AGM Vote Hindered by Retail Investor Challenges
Tesla’s upcoming annual general meeting (AGM) on June 13 faces potential hurdles as tens of thousands of international retail shareholders, holding around $17 billion in stock, may be unable to vote due to inadequate cross-border voting systems provided by investment…
Tesla’s Top Exec Heads Back to China as Sales Slump
Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into…
Scholz Applauds VW’s Affordable EV Plan as “Very Good” for Germany
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow,…
Hyundai’s US-Made Ioniq 5 Set to Qualify for Full EV Tax Credit
First Car to Roll Out of Georgia Factory This Fall Hyundai’s Ioniq 5 will be the first electric vehicle produced at the company’s new factory in Georgia, starting in October. CEO Jose Muñoz expects the US-made version to be eligible…
Elon Musk’s $7.5 Billion Stock Sale: Did He Know Tesla Would Miss Targets?
Tesla CEO Elon Musk had inside information about Tesla’s impending miss on production and delivery numbers when he sold more than $7.5 billion in stock in 2022, according to a lawsuit filed by shareholder Michael Perry, reports Bloomberg. Insider Knowledge…
Tesla’s Massive Recall: Seat Belt Warning System Poses New Risk
Tesla’s latest recall affects over 125,000 vehicles due to a faulty seat belt warning system, posing a significant safety risk. According to a report from Reuters, this recall comes just a month after thousands of Cybertrucks were recalled for a…
Canada Urged to Hike Tariffs on Chinese EVs: Here’s Why
Canadian lawmakers are facing mounting pressure from auto manufacturers, steel producers, and union officials to significantly increase tariffs on Chinese imports, reports Bloomberg. The push comes after US President Joe Biden announced substantial tariff hikes on Chinese goods, including a…
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