A Delaware judge on Friday questioned lawyers for Tesla about why the company asked shareholders to vote on a $55 billion pay package for its chief executive, Elon Musk, after she had struck it down in January. The judge, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, noted at a hearing in… Continue reading Delaware Judge Questions Tesla About Vote on Elon Musk’s Tesla Pay
Author: New York Times Online News
Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
As sales of its electric cars have fallen, Tesla and its chief executive, Elon Musk, have sought to convince Wall Street that the company’s future lies not in the grinding business of making and selling cars but in the far more exciting world of artificial intelligence. In Mr. Musk’s telling, one of Tesla’s main A.I.-based… Continue reading Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
Chinese E.V. Makers Are Upending Thailand’s Auto Market
Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for GAC Aion, an electric vehicle maker from China. They had no office, no factory, no local employees and, basically, no clue. The Aion team set up shop in a Bangkok hotel, commandeering conference rooms and… Continue reading Chinese E.V. Makers Are Upending Thailand’s Auto Market
Are Electric Cars Worth the Money?
Electric vehicles cost more to buy than gasoline cars, and they may lose value more quickly. Even for people eager to own a car with no tailpipe emissions, it’s reasonable to wonder whether it makes sense to buy one now. The answer may well be yes, but there are a lot of factors to consider,… Continue reading Are Electric Cars Worth the Money?
Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Former President Donald J. Trump has spent years ridiculing electric vehicles, saying they don’t go far, are too expensive and are made in China. He has promised to end federal support for electric vehicles, a central feature of President Biden’s strategy to cut the carbon dioxide that is heating the planet. But in recent months,… Continue reading Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
Tesla on Tuesday reported a 45 percent drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales. The automaker said it earned $1.5 billion in the second quarter of the year on revenue of $25.5 billion. In the second quarter of 2023, Tesla made $2.7… Continue reading Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Former President Donald J. Trump has spent years ridiculing electric vehicles, saying they don’t go far, are too expensive and are made in China. He has promised to end federal support for electric vehicles, a central feature of President Biden’s strategy to cut the carbon dioxide that is heating the planet. But in recent months,… Continue reading Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
G.M. Will Restart Cruise Taxi Operations
General Motors said on Tuesday that its Cruise driverless-taxi division has restarted test operations in three Sun Belt cities, using self-driving cars with human safety drivers who will monitor the vehicles and intervene if needed. G.M. had suspended most of Cruise’s operations after one of its vehicles hit and dragged a pedestrian last year in… Continue reading G.M. Will Restart Cruise Taxi Operations
Corvette Bucked a Sports Cars Decline. Can It Thrive in an E.V. Era?
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity. Like the company that makes it, General Motors, the Corvette must now slalom around a trickier obstacle: transitioning to an electrified lineup, even as… Continue reading Corvette Bucked a Sports Cars Decline. Can It Thrive in an E.V. Era?
Ferrari and Other Car Brands Seek the Road to High-End Fashion
Ferrari is more than just a car company — it’s a lifestyle. Or so said John Elkann, the chief executive of Exor, the parent company of Ferrari, at a sports and fashion event held by The New York Times in Paris this month. But in a world in which Formula 1 and fashion increasingly mingle,… Continue reading Ferrari and Other Car Brands Seek the Road to High-End Fashion