Siddhant Awasthi, who led Tesla’s Cybertruck program from engineering to large-scale production, has announced his departure from Elon Musk’s EV giant after more than eight years with the company. This is the latest in a long series of executive departures from every corner of Musk’s business empire.
Tesla shareholders have voted in favor of CEO Elon Musk’s $1 trillion pay package, with the company announcing this afternoon that the proposal received 75 percent support among voting shares at its annual shareholders meeting in Austin, Texas.
The children of Jeffrey and Michelle Bauer have filed a lawsuit against Tesla, accusing Elon Musk’s EV giant of negligence in a fatal car crash that claimed the lives of their parents and three others. The lawsuit claims that multiple people survived the crash, only to be trapped in the burning Tesla by the company’s electronic door handles, which have led to other lawsuits making the same claim.
The bank behind the world’s largest sovereign wealth fund has dealt a blow to Elon Musk’s proposed $1 trillion compensation plan at Tesla. Norway’s sovereign wealth fund, the sixth-largest Tesla shareholder, is the first major shareholder to publicly vote against Musk’s massive pay package.
Tesla shareholders are set to decide this week whether to approve a trillion dollar compensation package for CEO Elon Musk that could grant him much more control over the company than he has today. Critics, including proxy advisory firm Institutional Shareholder Services (ISS), are urging shareholders to vote no on the plan.
Elon Musk’s Tesla Cybertruck has been hit with its tenth recall in less than two years since the electric pickup truck’s introduction, highlighting the model’s problem-plagued run and failure to gain significant traction with consumers.
In a latest wave of executive departures from Elon Musk’s businesses, X Corp’s advertising chief John Nitti has left the social media platform after just 10 months in the role.
Tesla’s third-quarter earnings call left investors disappointed as CEO Elon Musk focused on futuristic projects like robotaxis and humanoid robots, while providing little guidance on the company’s core EV business.
Electric truck maker Rivian is conducting another round of layoffs, cutting over 600 jobs, which amounts to four percent of its headcount, as the company tries to reduce costs amidst a pullback in the EV industry. This is the EV company’s second round of layoffs in a month.
Tesla is recalling 12,963 vehicles in the U.S. due to a defect in a battery pack component that could lead to a sudden loss of drive power, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
Proxy advisory firm Institutional Shareholder Services (ISS) has advised Tesla investors to vote against a new $1 trillion pay package for Chief Executive Elon Musk and against Tesla making a potential investment in xAI, his AI startup.
Elon Musk’s Boring Company is planning to build an underground transit system in Dubai, with the “Dubai Loop” expected to open as early as next year, according to a UAE official.
Tesla has suffered a massive drop in Cybertruck sales, with Elon Musk’s EV giant struggling to find a market for its pickup truck. Musk once boasted that the company could produce 250,000 Cybertrucks a year, but it sold only 5,400 trucks last quarter.
Nevada state regulators have accused Elon Musk’s Boring Company of violating environmental regulations nearly 800 times in the last two years as it digs a sprawling tunnel network beneath Las Vegas for its Tesla-powered “people mover.”
The National Highway Traffic Safety Administration (NHTSA) is investigating Elon Musk’s Tesla over incidents in which its vehicles drove through red lights and other instances of dangerous driving while using the company’s partial-automation software known as Full Self-Driving (FSD).
Elon Musk’s Tesla suffered a 9.4 percent year-on-year decline in German sales for September, even as the overall sales of EVs rose by 31.9 percent in the country, according to data from the German road traffic agency KBA.
The parents of a 19-year-old woman who died along with two other teens in a fiery Cybertruck crash last year have filed a lawsuit against Elon Musk’s Tesla, claiming the vehicle’s door handle design prevented their daughter from escaping the burning wreckage.
A Tesla Cybertruck owner visiting Chicago for a conference captured video of a woman wiping dog feces on his vehicle, which features a distinctive American flag wrap with President Donald Trump’s signature in gold on the tailgate. Internet sleuths quickly identified the alleged perpetrator
Tech tycoon Elon Musk has made history by becoming the first person to amass a net worth exceeding $500 billion. The incredible surge in Musk’s wealth is driven by his interests in Tesla, SpaceX, and xAI.
Elon Musk’s business empire has been rocked by a wave of high-level executive departures over the past year, as the billionaire’s intense management style and interests outside of business shake the ranks of his formerly loyal acolytes.
Elon Musk’s Tesla is calling on the EPA to uphold the legal basis for regulating greenhouse gas emissions from vehicles, warning that repealing these standards threatens the electric automaker’s investments and its alleged fight against “climate change.” EPA Administrator Lee Zeldin has labeled the rules as the “holy grail of the climate change religion.”
Singer D4vd, whose Tesla had a decomposed body found inside it a few weeks ago — released a music video featuring a body being placed in a car trunk months before the body was found in his vehicle.
Elon Musk’s Tesla is rethinking the design of its iconic flush door handles following reports of children getting trapped inside vehicles and mounting regulatory pressure.
Elon Musk’s Full Self-Driving (FSD) software has come under scrutiny as multiple Tesla owners report incidents of their vehicles failing to recognize and respond appropriately to oncoming trains at railroad crossings.
Elon Musk’s Tesla has settled two lawsuits related to fatal crashes in California involving its Autopilot driver-assistance software, according to recent court documents.
Elon Musk’s has been accused in a lawsuit of favoring visa holders over American workers with the goal of paying lower wages.
EV maker Rivian has announced a lay off as the company prepares for the end of federal EV tax credits and a challenging economic landscape. The company beat Elon Musk’s Tesla in bringing an EV pickup truck to the market, but has yet to prove it can succeed without massive taxpayer help.
Tesla’s grip on the U.S. EV market is slipping as rivals launch new models and offer aggressive incentives to buyers. According to new data, Tesla’s market share has dropped to its lowest point since 2017, when both Elon Musk and his car company were far less well known than they are today.
Tesla has offered CEO Elon Musk a new compensation agreement potentially worth up to $1 trillion, a massive package without precedent in corporate America.
A hacker reportedly uncovered critical electronic data that Tesla claimed it didn’t have, shedding new light on a fatal 2019 crash involving the company’s Autopilot technology. The subsequent trial resulted in a verdict of $243 million against Elon Musk’s EV giant.
Elon Musk’s Tesla has experienced a 40 percent plunge in sales throughout Europe, with the EV giant facing growing competition from Chinese EV company BYD.
Tesla is now offering to retrofit a turn signal stalk for owners of its refreshed Model 3, which had previously removed the standard control found in practically every modern car in favor of steering wheel buttons and touchscreen controls. The turn signal stock is currently available in China at a cost of $348, with no official word if it will be offered in America.
A District Judge has ruled that Elon Musk’s Tesla must face a class action lawsuit filed by California drivers who allege that Musk misled them for eight years about the self-driving capabilities of the company’s EVs.
John Krafcik, the former CEO of Waymo who led the company’s transition from a research project to a commercial robotaxi service, has expressed his disdain for Elon Musk’s Tesla Robotaxi hype. When asked about Waymo’s rival, Krafcik said, “Please let me know when Tesla launches a robotaxi — I’m still waiting.”
A semi-truck transporting eight Tesla EVs caught fire on the 5 Freeway in Los Angeles, leading to extensive road closures and significant traffic disruptions on Saturday evening. The Los Angeles Fire Department has not disclosed the cause of the inferno that required a massive team of firefighters to put out.
Elon Musk’s reliance on selling regulatory credits to boost Tesla’s bottom line is coming to an end as the U.S. government eliminates subsidies and fines related to fuel economy standards. Tesla has amassed an amazing $11.8 billion from the sales of regulatory credits to carmakers.
Elon Musk’s Tesla is taking initial steps to bring its autonomous robotaxi service to New York City, posting jobs for prototype vehicle operators to collect data for its self-driving software.
Elon Musk’s Tesla is disbanding its Dojo supercomputer team and its leader will leave the company, according to people familiar with the matter, marking a major shift in the automaker’s effort to develop advanced AI technology in-house for its driverless vehicles.
A jury in Miami has found Tesla liable for $243 million in damages over a fatal crash involving the company’s Autopilot driver assistance system in 2019. As Elon Musk hopes to expand his robotaxi operations and sell more cars with “Full Self-Driving” systems, the verdict represents a major stumbling block to the EV giant.
Tesla, once the automotive industry leader in customer loyalty, has seen its brand loyalty collapse after CEO Elon Musk publicly expressed conservative political values, according to exclusive data from research firm S&P Global Mobility.
