Tesla’s board of directors and Elon Musk are being sued by shareholders for breach of fiduciary duty over threats that the CEO made about not building AI products at Tesla, and even funneling resources to his private companies. Just as Tesla’s board sat down for the company’s 2024 annual shareholders meeting, shareholders are suing the… Continue reading Tesla, Elon Musk sued by shareholders for breach of fiduciary duty over AI funneling threats
Author: Electrek Newsfeed
Tesla (TSLA) shareholders meeting news hub: watch Elon’s victory lap
Join us for our coverage of Tesla’s 2024 annual shareholders meeting, also called ‘Cyber Roundup’. We will know the full results of the shareholder votes and there are likely going to be a few announcements coming out of the event. Obviously, CEO Elon Musk already killed the suspense by revealing that proposals 4 and 5,… Continue reading Tesla (TSLA) shareholders meeting news hub: watch Elon’s victory lap
Tesla jumps on talent of Koch company making direct drive for robots
Tesla appears to be behind the acquisition, or “acqui-hire”, of a company developing direct drive motors for robots as it is being liquidated by Koch Engineered Solutions. Besides the SolarCity acquisition, Tesla has avoided large acquisitions despite a significant cash position. However, the automaker is known to have made several smaller acquisitions, especially in the… Continue reading Tesla jumps on talent of Koch company making direct drive for robots
Tesla vote results: shareholders said ‘yes’ again to his ~$55B in pay, claims Musk
With Tesla’s shareholder meeting still hours away, Tesla CEO Elon Musk shared charts suggesting that shareholders have approved two controversial ballot measures. With Tesla’s shareholder meeting coming tomorrow, Tesla has been spending the last several weeks campaigning hard to get shareholders to vote. There are multiple shareholder proposals on the ballot, along with votes to… Continue reading Tesla vote results: shareholders said ‘yes’ again to his ~$55B in pay, claims Musk
Optimus gets to work, a new BYD, EV forecasts, and go karts | Quick Charge
Tesla tweeted news that it has two autonomous Optimus robots working at its factory, BYD announces a new, RWD hot hatch, EV sales are building towards future growth, and there’s a new, internationally recognized electric karting championship coming to the US. All this and more on today’s exciting episode of Quick Charge. And the best… Continue reading Optimus gets to work, a new BYD, EV forecasts, and go karts | Quick Charge
Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399/mo
After introducing new incentives, the Honda Prologue EV is now cheaper to lease than Tesla’s Model Y. Honda believes the Prologue hits the “sweet spot” of the electric SUV market at the right price. Can it compete with Tesla’s best-selling Model Y? After kicking off production of its first global electric SUV in February, the… Continue reading Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399/mo
GM expects lower 2024 EV production after killing its most popular model
General Motors does not expect to build as many electric cars as initially planned this year. On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. At the Deutsche Bank Global Auto Industry… Continue reading GM expects lower 2024 EV production after killing its most popular model
Tesla claims it has 2 Optimus humanoid robots working autonomously in factory
Tesla claims that it currently has two Optimus humanoid robots working autonomously in a factory, which would be a first. If there’s one good thing about this compensation package mess going on right now is that it almost looks like Tesla has a PR department again. Sure, its raison d’etre is almost entirely about trying… Continue reading Tesla claims it has 2 Optimus humanoid robots working autonomously in factory
GM expects lower 2024 EV sales after killing its most popular model
General Motors does not expect to build as many electric cars as initially planned this year. On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. At the Deutsche Bank Global Auto Industry… Continue reading GM expects lower 2024 EV sales after killing its most popular model
Elon’s hole, Tesla jobs, GM excuses, and QMerit home solutions | Quick Charge
Elon Musk’s Boring Company shows off its new hole at Giga Texas, Tesla is hiring again, Germany is number 2, GM won’t be number 1, and QMerit has a holistic solution to electrify your home. All this and more on today’s exciting episode of Quick Charge! Source Links Prefer listening to podcasts? Audio-only versions of… Continue reading Elon’s hole, Tesla jobs, GM excuses, and QMerit home solutions | Quick Charge