Key Takeaways Dutch leasing company Mistergreen, a Tesla-only rental fleet, is facing bankruptcy due to rapid vehicle depreciation. Mistergreen’s business model relied on Elon Musk’s claims of Tesla cars as “appreciating assets”, which has proven inaccurate in the current market. The company wrote down millions in fleet value after Tesla slashed prices, heavily impacting used…
Key Takeaways The Delaware Supreme Court reinstated Elon Musk’s 2018 compensation package, now valued at approximately $139 billion. The court criticized previous rulings as “improper and inequitable,” emphasizing Musk’s contributions over six transformative years. A unanimous 49-page ruling reversed the lower court’s decision that voided Musk’s pay package due to alleged board conflicts. The compensation…
Key Takeaways Tesla is intensively testing the Cybercab, with sightings reported across various states on social media. A production-ready prototype was spotted at Apple’s Visitor Center in California, featuring a steering wheel and redesigned brake lights. The Cybercab was also observed testing at Tesla’s Fremont factory’s test track and in Austin, Texas, indicating real-world testing…
Key Takeaways Vision union withdrew its sympathy blockade against Tesla’s Kalmar facility, citing potential illegality. SKR highlighted legal issues with the planned action, leading Vision to reconsider. Deputy negotiation manager Oskar Pettersson emphasized collaboration with IF Metall in canceling the strike. With the blockade lifted, Tesla can proceed with its Kalmar service center and showroom…
Key Takeaways Major improvements to the Tesla Semi were teased by Director Dan Priestly, showing ongoing development progress. Priestly expressed optimism, stating, “Our customers are going to love it.” Tesla redesigned the Semi’s appearance to enhance efficiency, including updates like a new bumper and aerodynamic features. The changes coincide with the completion of the Semi…
Key Takeaways Tesla Insurance has officially launched in Florida, marking its thirteenth state since 2019. The program aims to provide more affordable insurance options that could address common claims issues. Florida’s unique insurance landscape poses challenges due to high premiums and susceptibility to natural disasters. Tesla’s insurance offers comprehensive coverage for battery damage and tailored…
Key Takeaways South Korean politician Lee So-young praised Tesla’s Full Self-Driving (FSD) technology as “completed technology.” Tesla FSD launched in South Korea in late November, marking its expansion to the seventh country. Lee experienced FSD on a route from the National Assembly to various landmarks in Seoul, noting its performance. She reflected on the potential…
Key Takeaways Tesla denies facing a thirty-day sales suspension in California. The California DMV put the penalty on hold for ninety days, allowing Tesla to comply. A judge ruled Tesla misled consumers about its “Autopilot” program, but no customers reported issues. Tesla’s communication emphasized continued uninterrupted sales operations in California. Concerns over the terminology of…
Key Takeaways New EV tax credit rules may affect Tesla owners who benefited from an extension period. Delivery deadlines are crucial: cars must be delivered by December 31, 2025, to qualify for credits. Buyers may lose the ability to claim the $7,500 tax credit at the Point of Sale if deadlines aren’t met. Uncertainty remains…
Key Takeaways Elon Musk continues to criticize Bill Gates for his short position against Tesla, highlighting ongoing tensions between them. Gates admitted in a text to Musk that he still holds a short position against Tesla, despite their philanthropic discussions. Musk pointed out that Gates may have lost over $10 billion due to his ongoing…