A Delaware judge has invalidated the massive $56 billion pay package of Tesla CEO Elon Musk. The ruling, issued on Tuesday, stemmed from a lawsuit filed by Tesla shareholder Richard Tornetta, challenging the fairness and negotiation process of Musk’s compensation. The court’s decision, announced by Chancery Court Chancellor Kathaleen McCormick, triggered a 3% decline in […]

Tesla emerged as the leading brand in the federal Incentives for Zero-Emission Vehicles (iZEV) program in Canada for the year 2023. The electric vehicle maker recorded an impressive 43,654 deliveries eligible for the rebate program, as per data from Transport Canada. This figure nearly equals the combined total of its three closest competitors. The iZEV […]

Volvo has announced a delay in the delivery of its EX30 full-electric small SUV, citing software troubles. This setback marks the second software-related issue for Volvo EVs following the EX90. According to a customer correspondence obtained by Automotive News Europe, Volvo acknowledged the delay, stating, “We confirm that Volvo is working tirelessly to resolve the […]

Tesla is set to expand its Model 3 lineup in China with the upcoming launch of the highly anticipated Performance version. The new Tesla Model 3 Performance is expected to hit the Chinese market in the second quarter, with a projected price around RMB 400,000 yuan ($55,730), as reported by local automotive media outlet Dongchedi […]

Elon Musk announced this afternoon that Neuralink, his neurotechnology company, has successfully implanted its first brain-computer interface (BCI) device in a human patient. The individual who received the implant is “recovering well,” said Musk, adding initial results are indicating effective neuron spike detection. This significant milestone follows Neuralink’s statement in September 2023 about receiving approval […]

Image credit: TOSCV on X The Tesla Owners of Santa Clarita Valley achieved a new record for the largest gathering of Cybertrucks outside of Tesla’s own events. On Saturday, they managed to assemble nine of these futuristic trucks, marking a significant milestone for the Tesla community. We did it! We officially broke the record for […]

Tesla’s Cybertruck has started a tour in China, showing up a bunch of cities. While the Cybertruck is only delivering right now for customers in the U.S., this tour is drawing a lot of interest into Tesla’s other vehicles as well. Tesla shared some photos of Cybertruck in Chongqing, Xi’an, Shanghai, Shenzhen, Beijing, Chengdu and […]

Tesla is currently the weakest stock on the Nasdaq 100 this year, facing slowing growth and shrinking profits. However, David Baron, a fund manager, is betting on a significant turnaround for Elon Musk’s company. Baron, managing the Baron Focused Growth Fund, is placing his confidence in Musk to navigate Tesla through these challenges. “While he […]

Rivian has made a significant recruitment coup by hiring DJ Novotney, a distinguished Apple veteran. Novotney, who played a pivotal role in developing Apple’s home devices and the initial efforts for an electric vehicle, will join Rivian as the Senior Vice President of Vehicle Programs. This move highlights another major departure from Apple, who recently […]

Tesla is set to build a $500 million AI supercomputer at its Riverbend Gigafactory on South Park Avenue in Buffalo, as announced by Governor Kathy Hochul this Friday morning. The Tesla Dojo supercomputer is designed to process “millions of terabytes of data” from Tesla vehicles, aiding in the development of autonomous driving technology. Governor Hochul […]

Honda has announced the upcoming launch of its all-new 2024 Prologue, the brand’s first all-electric SUV, set to arrive in dealerships in March. The Prologue stands out with a best-in-class standard EPA range rating of 296 miles on a full charge, blending Honda’s renowned fun-to-drive dynamics with advanced technology and spacious interiors. The 2024 Honda […]

Tesla has informed the National Highway Traffic Safety Administration (NHTSA) of an issue affecting the rearview camera display in approximately 199,575 vehicles. Again while wording is designating this as a “recall” Tesla will fix the issue with a software update. The affected cars include 2023 models of Tesla Model S, X, and Y, as reported […]

Porsche has officially launched its second all-electric model, the new Macan, featuring advanced powertrains and high performance. The electric SUV offers up to 639 PS and boasts a range of up to 613 km (WLTP). This launch marks a decade since the introduction of the original Macan, with the new generation showcasing a shift to […]

During Tesla’s Q4 2023 earnings call, CEO Elon Musk outlined the company’s ambitious plans for its next-generation electric vehicle (EV). Musk revealed that the production of this cutting-edge vehicle is slated to begin towards the end of 2025, marking a pivotal moment in Tesla’s growth trajectory. Responding to a question about the timeline for the […]

Tesla announced remarkable financial results for the fourth quarter and the entire year of 2023 on Wednesday. The company’s GAAP operating income reached $8.9 billion for the year, with $2.1 billion recorded in the fourth quarter alone. The GAAP net income stood at an impressive $15.0 billion for 2023, skyrocketing to $7.9 billion in Q4. […]