A naukri.com initiative
Tesla News
Insider
3w
372
Image Credit: Insider
Vivek Ramaswamy says DOGE will 'carefully scrutinize' federal loans to Tesla rivals
- Vivek Ramaswamy, alongside Elon Musk, will lead a cost-cutting body called DOGE (Department of Government Efficiency).
- DOGE plans to scrutinize federal loans of about $7.5 billion given to Tesla rivals, Stellantis and Rivian.
- Concerns arise that Musk may use his position to interfere with his companies' rivals and regulators.
- Vivek Ramaswamy criticizes a loan given to Stellantis and questions its legitimacy.
Read Full Article
22 Likes
Teslarati
3w
421
Image Credit: Teslarati
Can the Tesla Chair be a bridge between Elon Musk & Australia? [Op-Ed]
- Robyn Denholm, the Tesla Chair, was asked if she could bridge the relationship between Elon Musk and the Australian Government.
- Denholm will be leading a strategic review of Australia's research and development (R&D) performance.
- There has been friction between Elon Musk and the Australian Government over the country's social media ban.
- Musk criticized the ban, calling it a backdoor way to control access to the internet by all Australians.
Read Full Article
25 Likes
Insider
3w
61
Image Credit: Insider
Elon Musk says the latest rejection of his mega Tesla payday is 'totally crazy'
- Elon Musk criticizes the latest rejection of his mega pay package by a Delaware judge.
- Musk describes the ruling as 'totally crazy' and 'absolute corruption.'
- The compensation plan, worth $56 billion, was struck down in January but would now be worth about $100 billion due to a surge in Tesla stock.
- Tesla plans to appeal the ruling, while Musk and Tesla supporters express their dissatisfaction on social media.
Read Full Article
3 Likes
Insider
3w
403
Image Credit: Insider
BYD raced past its annual delivery target ahead of schedule, throwing down the gauntlet for Tesla
- Chinese automaker BYD has surpassed its annual sales target a month ahead of schedule, delivering 504,000 passenger vehicles in November.
- BYD's success puts pressure on Tesla as it fights to become the world's largest EV producer.
- Tesla has sold 1.29 million cars this year and is offering end-of-year deals to reach its goal of selling more than 1.8 million vehicles.
- BYD has sold 1.56 million battery-electric vehicles this year, leading the race in selling the most EVs.
Read Full Article
24 Likes
Discover more
CarExpert
3w
382
Image Credit: CarExpert
Another bad month for Tesla sales in Australia
- Tesla has recorded its eighth straight month of year-on-year sales decline in Australia.
- In November, Tesla delivered 2540 vehicles to Australian customers, a 35.5% drop compared to the same month last year.
- Despite the decline, Tesla remains the best-selling EV maker in Australia, with 34,754 deliveries made between January and November.
- The Model Y is Tesla's most popular vehicle, accounting for more than two-thirds of Tesla's total deliveries in November.
Read Full Article
22 Likes
CarExpert
3w
368
Image Credit: CarExpert
Tesla’s latest update boosts safety and festive cheer
- Tesla has launched its 2024 Holiday Update, providing safety and tech upgrades to its vehicles.
- Key enhancements include rear cross-traffic alert, 'Autoshift' feature for the Model 3, and improved dash cams and Sentry Modes for parking safety.
- Convenience features like preferred battery charge level and search locations along the driving route have also been added.
- Entertainment-focused additions include 'Santa Mode' for the Cybertruck and the introduction of the 'Boomerang Fu' game.
Read Full Article
22 Likes
Teslarati
3w
280
Image Credit: Teslarati
Tesla CEO Elon Musk denied $56bn pay package once again by Delaware judge
- Tesla CEO Elon Musk was once again denied the $56 billion pay package by Delaware Chancellor Kathaleen McCormick.
- McCormick previously ruled that the sum should not be paid to Musk.
- Despite the majority of Tesla shareholders voting to award Musk the money, McCormick reiterated her decision to deny the pay package.
- Tesla will be required to pay $345 million in fees to lawyers representing shareholders who challenged the pay package.
Read Full Article
16 Likes
CarExpert
3w
202
Image Credit: CarExpert
Tesla CEO Elon Musk’s US$56 billion payday blocked by US judge
- A Delaware judge has ruled against Tesla CEO Elon Musk receiving a US$56 billion (A$86.5 billion) pay package, despite the company’s shareholders voting in favour of the landmark compensation deal earlier this year.
- The court blocked the stock compensation package approved by Tesla shareholders in 2018, which would see Musk paid the sum over a 10-year period.
- Tesla and Musk campaigned to ask shareholders to vote again, gaining approval in June. However, the recent ruling stated that Musk is not entitled to the pay package.
- Musk has 30 days to file an appeal, and the decision could have larger ramifications for Tesla.
Read Full Article
12 Likes
Arstechnica
3w
298
Image Credit: Arstechnica
Judge again rejects the Elon Musk Tesla pay plan now valued at $101 billion
- A Delaware judge rejected Elon Musk's bid to reinstate a Tesla pay package valued at over $100 billion.
- Judge McCormick ruled that a shareholder vote in June 2024 is not a valid reason to reverse the original ruling.
- Tesla has been ordered to pay $345 million in attorneys' fees to the plaintiff's counsel.
- The pay package is now valued at $101.4 billion, according to Equilar.
Read Full Article
17 Likes
Guardian
3w
417
Image Credit: Guardian
Elon Musk’s $56bn Tesla pay package rejected again by US judge
- A US judge has rejected Elon Musk's $56bn Tesla pay package for the second time.
- The Delaware judge, Kathaleen McCormick, ruled that the compensation package was excessive.
- Tesla's board argued the payment scheme was necessary to retain Musk's involvement in the company.
- The judge also ordered Tesla to pay the attorneys who brought the case $345m.
Read Full Article
25 Likes
Insider
3w
307
Image Credit: Insider
Delaware judge strikes down Elon Musk's Tesla pay package for 2nd time
- A Delaware judge has struck down Elon Musk's $56 billion pay package for Tesla for the second time.
- The judge ruled that Tesla's board was unduly influenced by Musk in creating the compensation package.
- Tesla shareholders had approved Musk's pay package in June, after it was voided in January.
- Tesla could appeal the ruling or develop a new compensation plan.
Read Full Article
18 Likes
TechCrunch
3w
70
Image Credit: TechCrunch
Judge confirms decision to sink Elon Musk’s $56B pay package despite Tesla shareholder vote
- Delaware Chancery court judge denies Tesla's request to revise Elon Musk's $56 billion pay package.
- Shareholders voted to 're-ratify' the deal at the annual meeting.
- Tesla's legal team's attempt to change the judge's decision contained fatal flaws.
- Judge awards plaintiff's attorneys $345 million fee, payable in cash or Tesla shares.
Read Full Article
4 Likes
Insider
3w
118
Image Credit: Insider
Tesla just announced over 25 holiday updates. These are the highlights.
- Tesla announced over 25 holiday updates in an over-the-air update coming next week.
- Highlights include the release of an Apple Watch app, SiriusXM trials, navigation upgrades, and Cybertruck-specific features.
- The Apple Watch app allows drivers to remotely control their Tesla, view battery charge, adjust climate controls, and open the frunk.
- Other updates include navigation enhancements, reverse driving alerts, Dashcam and Sentry Mode clip saving, and holiday-themed features like light shows and a whoopee cushion sound.
Read Full Article
7 Likes
Digitaltrends
3w
57
Image Credit: Digitaltrends
Tesla finally made an app that turns your Apple Watch into a car key
- Tesla will be releasing an official Apple Watch app as part of its 2024 Holiday Update.
- The app will allow users to check battery charge level, open the car's frunk, control climate settings, and use the watch as a phone key.
- Tesla cars support NFC-based car unlocking, but it is unclear whether the watchOS app will rely on Bluetooth, NFC, or both.
- The Holiday Update will also include features such as watching and saving camera recordings, specifying battery charging levels, and an emissions feature that plays a fart sound.
Read Full Article
3 Likes
Teslarati
3w
421
Image Credit: Teslarati
Tesla confirms it is finally adding Apple Watch support
- Tesla has confirmed that it will roll out an app for the Apple Watch with the 2024 Holiday Update.
- The Apple Watch app has been a highly-requested feature by Tesla owners for a long time.
- The app will allow users to perform actions such as checking battery charge, opening the frunk, and controlling cabin climate.
- The Tesla Apple Watch app will be available by the end of the month.
Read Full Article
25 Likes
For uninterrupted reading, download the app