Tesla shareholders have overwhelmingly approved a compensation package for CEO Elon Musk that could be worth as much as $1 trillion in company shares. More than 75% of shareholders who participated voted to approve the plan, in line with the amount of support Musk has received for past pay packages. As the result was announced,… Continue reading Tesla shareholders approve Elon Musk’s $1T pay package
Author: Tech Crunch Online News
Ford execs reportedly discuss ending the F-150 Lightning
Executives at Ford are considering killing its flagship electric pickup truck, the F-150 Lightning, according to The Wall Street Journal. The discussions are happening in the wake of Ford’s late October decision to idle F-150 Lightning production while it prioritizes hybrid and gas-engine versions of the popular pickup. The company’s been dealing with production troubles… Continue reading Ford execs reportedly discuss ending the F-150 Lightning
Anker-backed hybrid RV startup Evotrex comes out of stealth
A slew of new companies have emerged in recent years offering fresh takes on RVs, like Lightship, Pebble, and Grounded. Now another startup called Evotrex is coming out of stealth with its own twist: a hybrid RV travel trailer with an integrated gas engine. The new RV will have an onboard battery pack that will… Continue reading Anker-backed hybrid RV startup Evotrex comes out of stealth
Blue Origin plans second launch of New Glenn mega-rocket on November 9
Jeff Bezos’ space company Blue Origin is finally ready to try a second launch of its super heavy-lift rocket New Glenn. The company announced on Wednesday that it will attempt the launch as early as Sunday, November 9, from Launch Complex 36 in Cape Canaveral, Florida. New Glenn’s first flight took place back in January,… Continue reading Blue Origin plans second launch of New Glenn mega-rocket on November 9
Lucid Motors’ chief engineer leaves after 10 years
Lucid Motors’ chief engineer Eric Bach is leaving the company after more than a decade, the company has announced. Bach, who also served as Lucid Motors’ Senior Vice President of Product, has been with the company since 2015. He joined Lucid after spending three years as Tesla’s Director of Engineering, where he worked alongside Lucid… Continue reading Lucid Motors’ chief engineer leaves after 10 years
Beta Technologies ends first day on NYSE in the green and $1B raised
Shares of electric aviation startup Beta Technologies took flight Tuesday as the company made its debut on the New York Stock Exchange with an outsized raise of $1 billion and a stock price that closed up. The Vermont-based company priced shares in its IPO at $34, above its predicted range of $27 to $33. Beta… Continue reading Beta Technologies ends first day on NYSE in the green and $1B raised
Rivian creates another spinoff company called Mind Robotics
Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics. The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to a the company’s third-quarter shareholder… Continue reading Rivian creates another spinoff company called Mind Robotics
Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package
Norway’s sovereign wealth fund has voted against a Tesla proposal to give CEO Elon Musk a compensation package worth $1 trillion. The fund, which is managed by Norges Bank Investment Management (NBIM), holds a 1.14% stake in Tesla valued at about $11.7 billion, according to its mid-year filings in June. “While we appreciate the significant… Continue reading Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package
Tesla’s Master Plan 4 still lacks specifics ahead of $1T Musk pay vote
More than two months ago, Tesla published its fourth “Master Plan,” a gauzy post about how the company wants to spread “sustainable abundance” via its future products. Details remain woefully absent, but that hasn’t stopped Tesla from making it the central prop in its bid to convince shareholders to hand CEO Elon Musk a compensation… Continue reading Tesla’s Master Plan 4 still lacks specifics ahead of $1T Musk pay vote
Waymo’s robotaxi expansion accelerates with 3 new cities
Waymo said Monday it will launch a robotaxi service in Detroit, Las Vegas, and San Diego as the Alphabet-owned company hits the accelerator on its expansion plans. The announcement illustrates Waymo’s recent evolution from autonomous vehicle technology developer to commercial enterprise. It also follows comments by Waymo co-CEO Tekedra Mawakana, who said last week during… Continue reading Waymo’s robotaxi expansion accelerates with 3 new cities