Tesla
Tesla Faces Renewed Order to Scrap Musk’s Lucrative Salary Package
December 3, 2024 – On Monday, Judge Kathaleen St. Jude McCormick of Delaware rejected a request from Elon Musk and Tesla’s board of directors to overturn her previous ruling, which ordered Tesla to rescind Musk’s massive compensation package. Earlier this year, Judge McCormick had determined that there were significant flaws in the negotiation process between…
Tesla Highlights FSD Performance with Real-Car Demonstration Clips
December 2, 2024 – Tesla appears to be ramping up its promotion for its Full Self-Driving (FSD) system, evident in the recent addition of a dedicated section on its U.S. vehicle order page showcasing FSD videos in real-world driving situations. Previously, Tesla’s order page only featured a list of FSD capabilities and graphical representations of…
Tesla Launches New Rent-to-Own Program for Full Lineup in North America
November 30, 2024 – Tesla has introduced a new “Rent-to-Own” program in the North American market, offering customers the option to lease and then purchase a range of its vehicles, including the Model S, 3, X, Y, and the highly anticipated Cybertruck. Under this innovative scheme, consumers can choose to pay an initial deposit followed…
Musk Surprised: California EV Subsidies to Exclude Tesla
November 26, 2024 – On Monday, California Governor Gavin Newsom declared that if President Trump decides to abolish the federal tax credit for electric vehicles (EVs) upon taking office, the state of California will introduce a separate rebate program for EV buyers. However, he also mentioned that the current proposal excludes Tesla’s popular models, and…
Tesla Unveils Autonomous Cybercab in London, Set for 2027 Launch
November 21, 2024 – Tesla has unveiled its autonomous driving sedan, the Cybercab, in the UK, showcasing the company’s vision of building a global fleet of self-driving vehicles. Officially named the Cybercab, this model was recently launched at Warner Bros. Studios in California alongside another autonomous vehicle called the Robovan, a 20-seater self-driving van. Just…
Tesla Set to Unveil New Large Vehicle Model for Big Families: Musk Hints at Spacious Option
November 20, 2024 – Tesla CEO Elon Musk has recently been dropping hints about the development of a brand new, larger vehicle model within the company, aiming to expand its product range. Currently, Tesla offers only one model that truly caters to families of four or more, the Model X. This SUV, which can be…
Tesla Raises Wages by 4% for All Employees at German Gigafactory
November 06, 2024 – Tesla announced on Tuesday that it has increased the wages of all employees at its Gruenheide Gigafactory in Germany by 4% since the beginning of November. A month ago, the company stated that it would be offering permanent positions to 500 temporary workers at the factory starting November 1st. Tesla clarified…
Tesla Shareholders Back Musk’s $56 Billion Pay Package, Awaiting Final Verdict
November 04, 2024 – The fate of Tesla CEO Elon Musk’s $56 billion compensation package will be decided by the end of this year. Kathaleen McCormick, Chancellor of the Delaware Court of Chancery, indicated on Thursday that she would make a final ruling by the end of 2024. In January of this year, McCormick had…
Tesla’s ‘Cowboy Project’ Revealed: Pushing the Boundaries of Autonomous Driving Technology
November 02, 2024 – According to a report published by Business Insider on October 31st, Tesla has formed a specialized internal testing team, dubbed “Project Rodeo,” to facilitate the rollout of its autonomous driving technology. The media outlet gained insight into the project through interviews with nine current and former “Project Rodeo” testers, as well…
Tesla Records Highest Single-Day Gain Since 2013, Soars 21.92%
October 25, 2024 – Tesla’s stock price surged by 21.92% on October 24th, marking the company’s largest single-day gain since May 2013. The stock closed at 260.48pershare,withamarketvalueincreaseofapproximately150 billion overnight. This significant jump in Tesla’s share price was primarily driven by the impressive financial results announced by the company on Wednesday. In the third quarter of…