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
Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
Mercedes-Benz said Thursday that it would install a network of 2,500 high-powered chargers in the United States by 2027, a sign the German carmaker is expanding its commitment to electric vehicles by borrowing a page from Tesla’s playbook. The fast chargers, distributed among 400 stations, will operate under the Mercedes brand. Owners of the company’s… Continue reading Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged
Ford Motor reported Thursday that its new-vehicle sales fell 2 percent in 2022 as shortages of computer chips and other supply disruptions slowed its production of trucks and sport utility vehicles. The automaker said it sold 1.85 million cars and light trucks in the United States last year, as well as 13,539 heavy trucks. Ford’s… Continue reading Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged
Tesla Sales in China Slump as Competition Intensifies
Tesla sales in China, the world’s largest car market and a crucial element of the company’s fortunes, slumped at the end of 2022 as domestic manufacturers like BYD gained ground with lower-priced electric vehicles, according to data published Thursday. Tesla sold around 56,000 cars in China last month, a decline of 21 percent from a… Continue reading Tesla Sales in China Slump as Competition Intensifies
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
Michael Pertschuk, Antismoking and Auto Safety Crusader, Dies at 89
Emerging as the Senate’s leading staff expert on tobacco control legislation, Mr. Pertschuk was recruited by Senator Warren G. Magnuson, the Washington Democrat who was chairman of the Commerce Committee. Mr. Pertschuk served as a counsel to the committee from 1964 to 1968 and as chief counsel and staff director from 1968 to 1977, when… Continue reading Michael Pertschuk, Antismoking and Auto Safety Crusader, Dies at 89
Lewis Hamilton Reflects on His Next Step in F1
Lewis Hamilton is far from finished with Formula 1. “It’s not forever, but something inside is telling me, ‘You’re not done yet. You’ve got to keep pushing. You’ve got more to do, more to achieve,” the seven-time champion said in an interview. He has just one year left on his contract with his team, Mercedes,… Continue reading Lewis Hamilton Reflects on His Next Step in F1