During the first day of a week-long trial in a Delaware court, a Tesla director and a former executive testified in favor of Elon Musk’s high-risk, high-reward compensation package. The executives’ testimonies were a response to a shareholder’s allegations that Musk had dictated the terms of his compensation plan so that he could easily meet…
One of the largest nickel mines in New Caledonia, the Goro Mine, has been forced to reduce its production following a leak from its tailings dam. The facility is connected to Tesla, with reports last year stating that American electric vehicle maker was poised to become a technical adviser to the mine. Tesla reportedly secured a deal…
Tesla CEO Elon Musk definitely seems to be following a playbook that’s been adopted by some of the world’s most influential business personalities. During a meeting with Twitter’s employees, Musk confirmed that Tesla does not do market surveys. The company simply makes products that it is convinced people would love. When asked about what he…
BMW announced today that they would invest an additional $1.4 billion in their Chinese battery production facility. Among numerous other German luxury automakers, BMW has found substantial success in the Chinese market in recent years. Still, as the huge Chinese car market has moved towards electric vehicles, the company now must work to keep up with…
Piedmont Lithium is looking to open a lithium mine outside Charlotte, North Carolina, but now faces local backlash. As the U.S. has attempted to decrease its dependence on China for electronic components and materials, it has specifically worked to incentivize domestic lithium mining and refining. According to NPR, one such mine location, pursued by Piedmont Lithium in…
Volkswagen announced today that it has officially sold 500,000 ID electric vehicles worldwide, and the company plans to accelerate its electrification plans following their success. With the departure of their previous CEO, Herbert Diess, many were pessimistic about the company’s electrified future. Nonetheless, Volkswagen has continued its electrification plans, now selling four different ID-branded electric vehicles.…
Elon Musk will head to trial this week in Wilmington, Delaware, to take the stand in a case regarding his $56 billion Tesla pay package. A Tesla shareholder claims the the pay package was set up with easy performance targets that Musk could easily accomplish, and shareholders were misled into approving it. Tesla shareholder Richard…
There was a time when Elon Musk seemed to be pretty dismissive of the idea of an affordable Tesla. This was a sentiment he mentioned in his Master Plan, Part Deux, where he mused that there would probably be no need for a cheaper car after the Model 3 since the Robotaxi network should provide…
Elon Musk is known for many things. Beyond his status as Twitter’s owner and one of the social media platform’s most prolific and divisive users, Musk is known as a multitasker. But for now, following his Twitter acquisition, Musk admitted that he has a bit too much on his plate. Musk was interviewed virtually at…
Tesla China has provided its insights following a fatal Model Y crash in Chaozhou, located in the province of Guangdong in southern China. The Model Y was filmed accelerating out of control for about two kilometers before crashing, killing two and injuring three. As could be seen in a video of the accident, the Tesla…