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Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package

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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 …

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What are Biden’s New Tariffs on China Goods?

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

(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 …

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Trump Vows to Target EVs, LNG Exports in Meeting With Oil CEOs

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Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration’s environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday. The Post, citing unidentified sources familiar with the meeting last month …

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Duke Energy Beats First-Quarter Profit Estimates on Higher Rates

Artificial Inteligence, Electric Vehicles, Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – Duke Energy  beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity. Income from Duke’s electric utilities segment jumped 29% to $1.02 billion. “We have a clear path forward that will deliver sustainable value and 5% to 7% earnings growth over the next …

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COMMENTARY: Overcoming Bottlenecks is a Prerequisite to Achieving the Energy Transition – Yogi Schulz

Batteries, Critical Minerals, Electric Vehicles, Energy Commentary, Energy Storage, Energy Topics & Technology, Environment, Geothermal, Hydro, Latest, Minerals, Net Zero, Renewable Energy, Solar, US News, Wind / By

Overcoming multiple bottlenecks will be essential for scaling up key technologies required to reduce GHG emissions and address the adverse consequences of climate change. The technologies that must be scaled up and reduced in cost are: Geothermal, nuclear, solar and wind electricity generation. Batteries and hydro storage to increase the effective production of intermittent electricity …

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Tesla Axes Most of Supercharger Team in Blow to Other Automakers

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Ford, GM, other carmakers in midst of tapping into Tesla plugs Decision said to slow growth of network; some may be rehired Bloomberg Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vast network of public charging stations that virtually every major automaker is in the process of tapping into in the US. …

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Tesla to Accelerate Launch of Cheaper Cars After Sales Miss

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Bloomberg News Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales. The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begin making them. The Elon Musk-led company has been coping …

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China’s EV Strategy of Going Small and Cheap to Pay Big Dividends in Asia

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By Clyde Russell (Reuters) – China’s dominance of global electric vehicle production and sales is an established fact, but a new International Energy Agency (IEA) report points to the country extending its influence in autos across the fast-growing economies of Asia. The IEA’s Global Electric Vehicle (EV) Outlook 2024 report, released on Tuesday, shows that China …

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Power and Transportation: Elon Musk’s Robotaxi Reboot Plunges Struggling Tesla into Chaos

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Elon Musk’s Robotaxi Reboot Plunges Struggling Tesla into Chaos Strategic shift comes as carmaker prepares Tuesday to report its first revenue decline in four years Bloomberg News Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — …

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Automakers Hope for a Cut as Two-Way EV Charging Becomes Real

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Summary So far, few models can deliver V2G Technology still experimental, also faces regulatory hurdles Could help to balance power grid, but needs to be managed (Reuters) – Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power …

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