Global News for You – Top News – Current News
Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original pay package. Last year, a Delaware court voided Musk’s pay package, valued at more than $50 billion, arguing that the…
A federal jury in Florida found Tesla partly liable for a deadly 2019 crash involving Tesla’s Autopilot driver assist software, according to reports from The New York Times and CNBC. Tesla has been ordered to pay $200 million in punitive damages and about $43 million in compensatory damages, CBS News reports. Tesla’s Autopilot feature is…
Tesla’s newly-launched ride-hailing service in San Francisco isn’t quite ready for the “robotaxi” designation. After launching its robotaxi rides in Austin, Texas, with a “safety monitor” in the passenger seat last month, a video of Tesla’s service in San Francisco shows a vehicle arriving with a human at the wheel, as reported earlier by Business…
Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12 percent decrease year over…
Tesla just opened a retro diner in Los Angeles, so it was only a matter of time before anti-Elon Musk protesters caught wind. The long-awaited retrofuturistic diner, complete with giant outdoor screens for drive-in movies, dozens of Supercharger stalls, and an Optimus robot serving popcorn, opened to huge lines in West Hollywood on July 21st….
Honda has launched a new EV charging adapter that will allow its all-electric Prologue and Acura ZDX to power up at over 23,500 Tesla Supercharger stations. The $225 adapter lets vehicles equipped with Combined Charging System (CCS) plugs use Tesla’s North American Charging Standard (NACS) stations, buying Honda some time before it officially builds an…
Ask anyone who’s familiar with EV startups what Faraday Future is, and words like vaporware or severely delayed might come to mind. That’s because, in the brand’s 11-year existence, it has seemingly overpromised and under-delivered on nearly everything it has ever announced. As reported by Autoweek, it has sold less than 20 of its luxury…
Tesla’s long-in-the-works 1950s-inspired diner and drive-in Supercharger station in Los Angeles is expected to officially open today – and the company may build more of them down the line. Basically, it feels like one giant ad for everything Tesla, and this could be just the first of many. If the diner “turns out well,” Tesla…
With its sales in the crapper, Tesla is resorting to a slate of deals and incentives to get reinvigorate flagging customer interest in its lineup of electric vehicles. In recent days, the automaker has rolled out a series of discounts and financing incentives on all of its models, as it seeks to capitalize on what…
As exciting as it is to see how electric technology redefines automotive transportation, it’s just as exciting to see how it alters what we already have. In the aftermarket, EV-converted restomods are quickly becoming big business. But direct from manufacturers, there’s great potential in electrifying legacy badges by seamlessly blending old design with new technology….
