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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…
In the rural outskirts of Hiroshima, a Japanese startup named KG Motors is making waves in the electric vehicle (EV) industry with its ultra-compact, single-seat mibot. Priced at just $7,000 (¥1 million), this battery-powered one-seater has already secured over half of its 3,300-unit production goal in pre-sales, positioning it to outpace even Toyota in Japan’s…
Tesla is refining its flagship electric sedan, the Model S Plaid, with a prototype recently spotted lapping the Nürburgring in Germany. According to Autoblog, the 2025 refresh brings minor visual tweaks but leaves fans wanting more significant changes to keep pace with rising competition in the EV market. A Light Refresh for Tesla, a Performance…
Tesla shareholders are pressing CEO Elon Musk to commit to a minimum of 40 hours per week managing the electric vehicle (EV) giant, as the company grapples with a sharp drop in stock price and falling sales. A letter from investors, reported by The Times on May 28, 2025, highlights concerns over Musk’s divided attention…
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