Key Points 🚗 Cruise CEO, Kyle Vogt, issued an apology for the recent accident that led to the suspension of operations and investigations. 📉 Cruise temporarily suspended its employee share buyback program, prompting complaints from workers about tax obligations. 🔄 CEO Vogt reinstated the share buyback program, allowing workers to sell a limited number of…
Key Points 🚗 Tesla in China is allowing users with free unlimited Supercharging to transfer the perk to a new car for a limited time. 📅 The transfer offer is valid for orders placed between November 18 and December 31, with delivery by the end of the year. 🌐 The program includes all four Tesla…
Key Points 🚨 Nikola’s CFO, Anastasiya Pasterick, has resigned to “pursue other opportunities” after succeeding Kim Brady earlier this year. 💼 Pasterick will assist in the transition to the new CFO until December 1, and Nikola plans to select a successor soon. 🔍 Nikola has struggled to retain executives, with the recent departure following the…
Key Points 🚗 Hyundai and Kia report strong demand for electric vehicles (EVs) in the U.S., contrary to concerns from other automakers about slowing EV demand. 📈 Kia and Hyundai executives express confidence in the U.S. EV market, with Hyundai’s COO stating that EV sales have been doubling year over year. 🔋 Hyundai is actively…
Key Points 🚗 Owners in Finland set a new record for the largest Tesla light show with over 687 cars, nearly tripling the previous record. 🎇 The coordinated light show featured Teslas flashing lights in syncopated rhythms to the song “Sandstorm” by Finnish artist Darude. 📹 Videos shared from Helsinki showcase the massive fleet creating…
Key Points 🤝 General Motors (GM) and the United Auto Workers (UAW) have successfully ratified a labor agreement extending through 2028. 📈 Despite initial concerns, GM managed to secure approval with a 55% to 45% vote margin, involving approximately 36,000 out of 46,000 UAW-represented employees. ⏰ The agreement faced challenges as workers at several GM…
Key Points 🌐 Tesla has started including Full Self-Driving (FSD) beta information in owner’s manuals outside North America, hinting at a potential rollout in Europe, China, and Australia. 🚗 FSD beta was previously spotted being tested in Australia and Europe, with Tesla increasing hiring for the system in China. 📚 Details about FSD beta in…
Key Points 🏛️ A judge ruled in favor of Tesla in a lawsuit alleging a parts and services monopoly, dismissing the claims. ⚖️ The lawsuit, filed by a Model S owner, accused Tesla of monopolizing parts, causing delays, and forcing customers to pay high prices. 🚗 Tesla owners were claimed to face restrictions in repair…
Key Points 🔄 Toyota and Redwood Materials deepen their partnership for a closed-loop solution in recycled battery production. 🔋 Toyota to source cathode active materials and anode copper foil from Redwood for its North Carolina battery manufacturing plant. ♻️ Redwood aims to recycle a minimum of 20% nickel, 20% lithium, and 50% cobalt in cathode,…
Key Points 💬 Tesla employees in Sweden express frustration over ongoing strikes and feel unheard. 🤝 Contrasting narratives between Tesla Sweden and IF Metall regarding the collective agreement for workers. 📰 Opinion piece claims Tesla workers fear the union and have faced threats for not supporting collective bargaining. 🛠️ Tesla employee emphasizes personal satisfaction with…