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
Tag: Electric vehicles
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
Toyota teases a new vehicle and it sure looks like an electric truck
After teasing another new vehicle, Toyota said “a major unveiling” is set for next week. Is this Toyota’s electric truck? What new vehicle is Toyota teasing now? After stealing the spotlight at the Japan Mobility Show last week with the Corolla Concept, Land Cruiser FJ, and ultra-luxe Century brand, Toyota is at it again. Toyota… Continue reading Toyota teases a new vehicle and it sure looks like an electric truck
Major Tesla shareholder votes against Musk’s pay, but the odds are still in his favor
A major Tesla shareholder announced that they are voting against Elon Musk’s CEO compensation package, but the odds are still in his favor. As we have been extensively reporting over the last few weeks, Tesla shareholders are set to vote on a new compensation package for Elon Musk worth up to $1 trillion. The package… Continue reading Major Tesla shareholder votes against Musk’s pay, but the odds are still in his favor
Tesla stock used to help employees. Now it can’t, because Elon took it all.
Tesla shareholders will decide whether to give CEO Elon Musk a stock award that could be worth up to $1 trillion. But another proposal is up for a vote to refill Tesla’s employee stock option pool, and it’s only necessary because that pool was drained to give Musk a payday larger than any other CEO… Continue reading Tesla stock used to help employees. Now it can’t, because Elon took it all.
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come.… Continue reading Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Norway’s $2 trillion sovereign wealth fund said it will vote against Elon Musk’s trillion-dollar pay package at Tesla‘s annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down… Continue reading Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
German FAZ: “We won’t get away from cars”010186
It will take some time before Boris Rhein can accelerate on the open road. He drives his Mercedes 380 SLC through Nieder-Eschbach on the outskirts of Frankfurt. On the narrow streets, Rhein repeatedly raises his hand and smiles. Here they know him and his car, Rhein lives with his family a few streets away. He… Continue reading German FAZ: “We won’t get away from cars”010186
German FAZ: Actually Sonnenschein010185
Electric cars don’t just come from China, they also come from Eisenach. Opel has been sending its Grandland out into the world from this traditional location for a year now, as a hybrid with a somewhat narrow 145 horsepower, as a plug-in hybrid with 195 horsepower and as an electric SUV with 213 or 325… Continue reading German FAZ: Actually Sonnenschein010185