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ARK Investment Management, led by renowned investor Cathie Wood, has sold off a significant portion of its Tesla stock just weeks before the electric vehicle (EV) giant launches its much-anticipated robotaxi service in Austin, Texas. This move, detailed in a recent Barron’s report, comes as Tesla prepares to roll out on-demand rides using its self-driving…
A YouTuber recently flew a drone over Tesla’s Fremont test track, capturing footage of what appears to be a prototype for Tesla’s long-awaited affordable electric vehicle (EV). Shared by the account “Met God in Wilderness,” the video has sparked excitement among EV enthusiasts, offering a glimpse of a compact Tesla model potentially set to redefine…
A parking lot in Farmington Hills, a Detroit suburb, has become an unexpected storage site for dozens of unsold Tesla Cybertrucks, highlighting both local zoning issues and broader struggles in the electric vehicle (EV) market. The futuristic, stainless steel pickups, once hailed as a bold step forward for Tesla, are now piling up, drawing attention…
Kimbal Musk, Tesla board member and younger brother of CEO Elon Musk, sold $31 million in Tesla stock on Tuesday, May 27, 2025, as part of a larger $199 million sell-off by Tesla insiders. The transactions, detailed in a recent Fortune article, occurred during a significant rally for the electric vehicle (EV) maker, spotlighting Kimbal’s…
Ford Executive Chair Bill Ford has raised concerns over a new GOP tax bill that could eliminate critical tax credits for electric vehicle (EV) battery production, potentially derailing a $3 billion investment in a Marshall, Michigan, factory. Speaking at a policy conference, Ford highlighted the risk to the plant, which is 60% complete and set…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South Korean automaker’s decision, reported by Bloomberg, comes as the industry braces for increased costs, potentially…
On May 29, 2025, Vanguard Group announced a significant expansion of its “Investor Choice” proxy voting program, tripling the number of investors eligible to direct votes in their funds, as reported by Reuters. For Tesla, this could mean heightened pressure on CEO Elon Musk to refocus on the company amid growing ESG (environmental, social, and…
Tesla is accelerating its push into autonomous driving, with CEO Elon Musk announcing that the company is testing driverless Model Y vehicles in Austin, Texas, aiming for deliveries by June 2025. This development signals a major step forward for Tesla’s long-anticipated robotaxi service, potentially reshaping urban mobility for electric vehicle (EV) enthusiasts and city dwellers…
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