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The lawyers who challenged the pay plan argue that their unusual request to be compensated in stock rather than cash benefits Tesla Bloomberg News The judge who voided Elon Musk’s record-setting Tesla Inc. pay package must now make another momentous decision — whether the lawyers who took the case to trial should be paid what may be the …
Judge Who Voided Elon Musk’s Pay to Rule on US$7B in Legal Fees Read More »
Tariffs on Chinese imports could make things worse by reducing competition and increasing costs Financial Times Clint and Rachel Wells had reasons to consider buying an electric vehicle when it came to replacing one of their cars. But they had even more reasons to stick with gasoline. The couple live in Normal, Ill., which has enjoyed an …
Why Americans Are Not Buying More Electric Vehicles Read More »
Deal is a financial lifeline for Rivian as automakers rethink strategies in a slowing EV market Bloomberg News Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc., plowing US$5 billion into a tie-up with that company’s closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered …
VW Latches Onto Rivian in US$5 billion EV Pact to Catch up to Tesla Read More »
Bloomberg News The EV maker announced weaker-than-expected earnings and plans to cut 15 per cent of its workforce Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. The company listed between US$500 million and US$1 billion of assets, and between US$100 million and US$500 million of …
Troubled Electric Vehicle Maker Fisker Files for Bankruptcy Read More »
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force …
Largest U.S. Oil Trade Group to Sue to Block Biden’s EV Push Read More »
The billionaire said it was difficult for him to answer questions that are ‘of such a significant nature’ Bloomberg News Tesla Inc. chief executive Elon Musk doesn’t want to talk about whether he’s committed to bringing a low-cost electric vehicle to market, or the carmaker’s rough last few months. Elon Musk Visits Troubled Tesla Gigafactory Near Berlin The CEO largely …
Tesla CEO Musk Refuses to Commit to Cheaper Electric Vehicles Read More »
The collateral damage from decelerating EV adoption will be far wider than the energy transition. Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that …
UNSOLD: Slowing EV Sales Are Upending Banker Climate Strategies Read More »
(Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network’s future, four former charging-network staffers told Reuters. After Tinucci had cut between 15% and 20% of staffers two weeks earlier, part of much wider …
The Inside Story of Elon Musk’s Mass Firings of Tesla Supercharger Staff Read More »
The automaker’s financial performance has been flagging amid a global slowdown in EV sales Bloomberg News Elon Musk has threatened to develop products outside of Tesla if he doesn’t attain at least a 25 per cent equity stake in the carmaker. PHOTO BY JAE C. HONG/ASSOCIATED PRESS Tesla Inc. is looking to woo its unusually large base …
Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package Read More »
(Reuters) – President Joe Biden is hiking tariffs on $18 billion in Chinese goods including electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes, and medical products, while retaining Trump-era tariffs on over $300 billion in goods. The United States Trade Representative’s Office told Reuters it anticipates the effective date will be in …
