Global News for You – Top News – Current News
Tesla shareholders voted Thursday to approve Elon Musk’s staggering new pay package, in a move aimed at retaining the controversial CEO’s leadership during a time of great upheaval for the automaker. Over 75 percent of shares voted in favor of the proposal. The vote gives Musk enormous sway over his electric vehicle company, as well…
Last month, General Motors added its name to the growing list of automakers who are pursuing a novel type of partially automated technology called “eyes-off driving.” What they didn’t do, though, is provide a thorough description of how they’ll take responsibility when something goes wrong. Not to be confused with the type of “eyes-off” distracted…
Tesla’s Cybercab isn’t scheduled to go into production until 2026, but when it does, it may end up stuck with a vestige of the automotive past: a steering wheel. To be sure, we still use steering wheels. But the Tesla Cybercab was meant to be the first vehicle of the new future, and there’s nothing…
Tesla’s board of directors issued a stark warning to shareholders today: approve Elon Musk’s unprecedented $1 trillion pay package or risk losing him as CEO. It’s a familiar threat, one that the board has used before, and if history offers any clues, it’s likely to work again. Tesla’s executive team is in full lobbying mode…
Tesla CEO Elon Musk predicted the company would be able to remove the safety monitors from its robotaxis “by the end of the year.” He also said Tesla would launch a robotaxi service in 8-10 new markets also before the end of 2025. “We are expecting to have no safety drivers in at least large…
Tesla reported a profitable third quarter today — its first this year — as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired. Tesla said it earned $1.4 billion in net income on $28.1 billion in revenue in the quarter that ended in September. That’s 12…
Tesla’s quarterly sales increased for the first time this year, as consumers rushed to cash in on expiring federal tax credits for electric vehicle purchases. The company said that it produced a total of 447,450 vehicles between July–September of this year, including 435,826 Model 3 and Model Y vehicles, as well as 11,624 “other vehicles,”…
Tesla is redesigning the electronic door handles that are currently under investigation for trapping people inside their vehicles. In an Interview with Bloomberg, Tesla design chief Franz von Holzhausen said that the company is looking to make the handles more intuitive for occupants in “a panic situation.” The update will involve combining the electronic and…
Tesla is under investigation for faulty electronic door handles that can trap people inside their vehicles. The National Highway Traffic Safety Administration (NHTSA) launched the probe, saying it was responding to numerous complaints filed by Tesla owners, with a particular focus on children who have been locked inside the vehicle without any way to get…
Elon Musk could become the world’s first trillionaire if Tesla shareholders approve a new pay package that was just put forward by the company’s board. Musk would need to meet certain milestones in order to receive that eye-popping compensation, such as producing 1 million robotaxis and 1 million humanoid robots, as well as increase Tesla’s…
