Elon Musk testified on Wednesday that he was not involved in the discussions among Tesla board members about a 2018 pay package that granted him billions of dollars in stock options, helping to make him the world’s richest person. Speaking in a courtroom in Wilmington, Del., Mr. Musk pushed back against accusations in a shareholder… Continue reading Musk Testifies in Trial Over His Tesla Compensation Package
Author: New York Times Online News
Elon Musk Heads to Court to Defend His Billions in Tesla Pay
Tesla has made Elon Musk a billionaire many times over by paying him generously in shares for his work as chief executive of the electric carmaker. On Wednesday, Mr. Musk is expected in court to defend that compensation, much of which derives from a record-setting pay deal he struck in 2018 with Tesla’s board of… Continue reading Elon Musk Heads to Court to Defend His Billions in Tesla Pay
What Tesla ‘Full-Self Driving’ Tells Us About the Future of Autonomy
When we decided it was time for lunch, Chuck Cook tapped the digital display on the dashboard of his Tesla Model Y and told the car to drive us to the Bearded Pig, a barbecue joint on the other side of town. “I don’t know how it’s gonna do. But I think it’s gonna do… Continue reading What Tesla ‘Full-Self Driving’ Tells Us About the Future of Autonomy
Electric Vehicles Start to Enter the Car-Buying Mainstream
Buyers of battery-powered cars are concerned about climate change, but lower costs are also a powerful attraction, according to more than 3,000 respondents to a request for stories about electric car purchases on The New York Times’s website. Driving on electricity is generally much cheaper than gasoline. Scores of respondents said they were using energy… Continue reading Electric Vehicles Start to Enter the Car-Buying Mainstream
What’s on the Radio? In Formula 1 Racing, It’s the Engineer.
Formula 1 drivers may look like they are alone in the car, but with the press of a button, they can turn to their teams for support and guidance. Radio communication is an important part of Formula 1 races. Drivers have a button on their steering wheel that will activate their radio, allowing them to… Continue reading What’s on the Radio? In Formula 1 Racing, It’s the Engineer.
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
“A plant can’t be permanently shuttered without the buy-in from the U.A.W.,” Ms. Dziczek said. “So this is a really significant round of talks coming up.” The Detroit automakers have idled plants ahead of past contract negotiations, only to reopen them after bargaining with the union. In 2019, G.M. was winding down production at its… Continue reading Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
A Formula 1 Season of Musical Chairs
When he announced, on July 28, his decision to retire at the end of the season, Sebastian Vettel could not have foreseen the domino effect that would follow. Four days later, Aston Martin announced that Fernando Alonso would replace Vettel. What is known as “the silly season” — referring to all the talk that begins… Continue reading A Formula 1 Season of Musical Chairs
For Ferrari, a Second-Place F1 Season Full of Mistakes
Ferrari began the season with a strong one-two finish in the first race and a win in the third, prompting team hopes that it would finally land its first title since 2008. But it fell short, finishing second in the constructors’ and drivers’ championships and is now searching for a new team principal. One of… Continue reading For Ferrari, a Second-Place F1 Season Full of Mistakes
Max Verstappen Had an F1 Season Like No Other
Comparing Vettel, who won four titles with Red Bull from 2010 to 2013, and Verstappen, he said: “Two very different drivers, two phenomenally successful drivers. What Sebastian has achieved puts him among the great and most successful drivers in the sport. But what we saw this year from Max, we witnessed something very special. “I… Continue reading Max Verstappen Had an F1 Season Like No Other
It’s a Wrap in F1 for Sebastian Vettel
Sebastian Vettel still loves Formula 1, but the fulfillment has disappeared as the wins have dried up. After 16 seasons, the last two with a struggling Aston Martin team, Vettel is retiring and relieved to be leaving, although he still does not know what he will do next. “I know how much dedication goes into… Continue reading It’s a Wrap in F1 for Sebastian Vettel