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Tesla News
Teslarati
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Tesla is pulling out all the stops to get Elon Musk’s $56B pay package approved
- Tesla is making every effort to get Elon Musk's $56 billion pay package approved.
- They are hiring outside personnel and preparing Board members for a tour to persuade shareholders.
- The pay package was previously approved but was denied by a Delaware judge following a lawsuit.
- Tesla is taking the issue seriously as Musk's payout has significant implications for the company.
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Insider
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An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge
- Hedge fund Renaissance Technologies purchased 1 million GameStop shares last quarter.
- The stake, valued at $13 million at the time, briefly reached $65 million during the recent surge in GameStop's stock.
- Renaissance Technologies also increased their stake in AMC Entertainment and reduced positions in Tesla and Nvidia.
- The firm's total stock portfolio was valued at approximately $64 billion.
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Silicon
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Protestors Clash With Police At Tesla Gigafactory In Germany
- Protests erupted outside Tesla's Gigafactory in Germany as hundreds of climate activists clashed with police.
- The protestors aimed to storm the site in opposition to Tesla's expansion plans.
- The expansion, which aims to double the production capacity, is criticized for its potential environmental damage.
- Previous protests and criminal damage incidents have occurred at the Gigafactory site.
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Teslarati
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Volkswagen announces its ID.Buzz offer structure in the US
- Volkswagen announces its 2025 ID.Buzz offer structure in the United States.
- Three trims will be offered: Pro S, Pro S Plus, and 1st Edition.
- Pro S available in rear-wheel drive with bench seats for up to seven passengers.
- Pro S Plus and 1st Edition available in both rear-wheel and 4Motion all-wheel drive with optional captain chair package.
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Teslarati
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Baidu considers using Tesla robotaxi technology in China
- Baidu is considering using Tesla's robotaxi technology or Full Self-Driving (FSD) in China.
- Baidu's General Manager for the autonomous driving department stated that collaboration opportunities with Tesla are being considered.
- Tesla had proposed testing FSD functions in vehicles deployed in the Chinese market, such as taxis.
- Baidu and Tesla have an existing partnership in China, with Tesla using Baidu Maps for developing China's version of FSD.
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HRKatha
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Tesla to lay off 601 more employees amidst market challenges
- Tesla plans to lay off an additional 601 employees in California.
- The layoff is a response to declining sales and escalating competition in the electric-vehicle sector.
- This is part of Tesla's broader downsizing strategy, with a goal to reduce headcount by 20%.
- The move reflects Tesla's focus on operational efficiency and cost management.
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Teslarati
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Tesla CEO Elon Musk debunks claims that FSD take rate is only 2%
- Tesla CEO Elon Musk debunks claims that FSD take rate is only 2%.
- Musk states that the take rate for FSD is much higher than claimed by YipitData.
- Sample size of less than 3,500 people in the study is not statistically significant.
- FSD is a central part of Tesla's future with plans for a dedicated Robotaxi.
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Teslarati
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Apparent Tesla Model 3 test vehicle spotted with no side mirrors and unique camera setup
- An apparent Tesla Model 3 test vehicle was spotted in Palo Alto, California, without side mirrors and with unique camera placement.
- The Model 3 test vehicle had cameras mounted inside the cabin, including two cameras pointing out the rear windows.
- Speculations suggest that the unique camera setup could be related to the upcoming smaller vehicle, possibly the Robotaxi "Cybercab."
- Tesla CEO Elon Musk plans to unveil the Robotaxi "Cybercab" on August 8, 2024, and there are indications of a potential launch in China.
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Teslarati
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BYD Shark NEV pickup truck officially launches in Mexico
- The BYD Shark NEV pickup truck has officially launched in Mexico, priced at $53,400 for the GL variant and $57,546 for the GS version.
- BYD plans to expand BYD Shark sales in North America and Australia, competing with popular brands like Ford, Ram, and Toyota.
- The BYD Shark offers competitive pricing compared to electric counterparts like the Tesla Cybertruck and Rivian R1T.
- The launch of the BYD Shark marks a strategic move for BYD in the pickup truck market as other automakers are turning to hybrids.
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Teslarati
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Elon Musk shares insight on next-gen Tesla Roadster performance
- Tesla CEO Elon Musk shares insights on the next-gen Roadster's performance.
- Musk assures that the Roadster's performance will not be similar to the Model S Plaid.
- He clarifies that it would be ridiculous for the Roadster to achieve the same 0-60mph time as the Model S.
- Musk mentions that the next-gen Roadster will be a collaboration between SpaceX and Tesla, with plans to unveil it at the end of 2024.
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CarExpert
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Tesla Autopilot vindicated in Melbourne hit-and-run
- The driver of a Tesla who struck a Melbourne nurse two years ago has been sentenced to nine months in jail.
- The incident, initially blamed on the car's 'Autopilot' system, was proven to be the driver's fault.
- The car's Autopilot system was not engaged at the time of the incident.
- The court warned young drivers about the consequences of poor decisions.
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Teslarati
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Xiaomi increases supply chain orders by 80% for SU7 sedan: report
- Xiaomi is struggling to keep up with the demand for its SU7 all-electric sedan.
- The company has reportedly increased its supply chain orders by 80%.
- Customers are facing significant wait times of at least 30 weeks for their vehicles.
- Xiaomi is planning to ramp up production to over 10,000 units per month by June.
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CarExpert
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Tesla sued over harmful emissions
- Tesla has been sued by the Environmental Democracy Project for allegedly spewing harmful emissions from its California factory in violation of local laws.
- The nonprofit group claims that Tesla's Fremont factory has violated California's Clean Air Act multiple times and exposed nearby residents and workers to harmful chemicals.
- The Bay Area Air Quality Management District has called for changes in Tesla's paint shop operations to reduce emissions, citing faults in its emissions abatement system.
- This is not the first time Tesla has faced legal issues regarding environmental violations, as it previously settled a lawsuit related to mishandling hazardous waste and paid fines to the EPA for pollution incidents at the Fremont factory.
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CarExpert
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People keep crashing Tesla Cybertrucks
- Another Tesla Cybertruck has been involved in a crash, this time running off the road and crashing into a ditch.
- Images show the Cybertruck with torn-off door panels, deployed airbags, smashed windscreen, and front-end damage.
- It is unclear whether it was a freak accident or a driver who couldn't control the powerful vehicle.
- This is not the first Cybertruck crash, as a previous incident occurred in March at The Beverly Hills Hotel in California.
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Guardian
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Law professor says Tesla threatened to fire law firm over Musk’s huge payout
- Tesla threatened to fire one of its law firms over objections to Elon Musk's massive $56bn compensation package.
- Retired professor Charles Elson accused Tesla of trying to bully him by threatening the law firm he was affiliated with.
- The legal dispute stems from a shareholder lawsuit opposing the controversial payout, which a judge has called 'an unfathomable sum' and unfair to shareholders.
- Tesla denies pressuring the law firm and plans to hold a new shareholder vote to reinstitute Musk's compensation.
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