Demand for electric vehicles (EVs) helped drive record sales for South Korean automakers Hyundai and Kia in the United States last month, as EV adoption continues to grow and Tesla’s dominance of the market slips. Hyundai Motor America had “terrific” sales in November, especially for its lineup of “eco-friendly vehicles,” the company’s CEO Randy Parker…
Musk’s Pay Trial Asks If Tesla’s Growth Justifies $56 Billion Compensation
WILMINGTON, Del.—After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Tesla Inc. was justified by the company’s explosive growth or undermined by a flawed process. Musk and the Tesla directors named as defendants repeatedly testified that the package achieved what…
Court Told Musk’s $56 Billion Pay Wasn’t for Punching a Clock
WILMINGTON, Del—A Tesla Inc. director and a former executive took the stand on Monday and defended Elon Musk’s $56 billion pay package against a shareholder’s claims that the entrepreneur dictated terms of the deal to finance his dream of traveling to Mars. Tesla shareholder Richard Tornetta hopes to prove that Musk used his dominance over…
Australian Electric Vehicles Sales Surge by 65 Percent in a Year
The sales of electric cars in Australia have soared by 65 percent in the past 12 months, with Tesla continuing to dominate the market. According to the State of Electric Vehicles (EVs) report, which analysed sales figures and state and federal government policies, the number of fast and ultra-fast vehicle charger locations in the country…
‘Elon’s Fanboy’ Leo KoGuan Now Third Largest Individual Tesla Shareholder
Leo KoGuan, a wealthy Singapore-based Chinese businessman, updated his Telsa holdings several times in September and announced on Sept. 22 that his shares now totaled more than 22 million. KoGuan said via Twitter that he purchased 11,380 shares of Tesla stock at $288.82/share on that day, bringing his total to “22,750,000 shares of Tesla.” In a…
Elon Musk Says Starlink Satellites Now Connecting Schools in World’s Biggest Rainforest
Tesla Inc and SpaceX CEO Elon Musk said Thursday that his space company’s Starlink service is connecting schools in the Amazon region. What Happened Musk’s comments were made on Twitter in response to a tweet from Fábio Faria, Brazil’s Minister of Communications. The Brazilian official, belonging to President Jair Bolsonaro’s administration, had showcased a school…
Ahead Of Tesla Share Split, Here’s How Much $1,000 Invested In Amazon, Alphabet Before Their 2022 Stock Splits Would Be Worth Today
Tesla Inc’s shares will begin trading on a split-adjusted basis on Aug. 25. Expectations are that the stock will trade up in the run-up to the split. Incidentally, two other big techs—Amazon.com Inc and Alphabet Inc recently split their shares. Does the post-split trading in these stocks have any read across for Tesla? It could be…
Jury Finds Tesla 1 Percent Negligent in Fatal Model S Crash
A Florida jury found electric car maker Tesla Inc. 1 percent negligent in the death of an 18-year-old man whose Model S sedan slammed into a concrete wall after the car’s speed limiter had been deactivated, with the teenager and his father found to be 99 percent at fault. Monday’s verdict by a Fort Lauderdale…
What’s Going on Between Elon Musk and Dish Network CEO? ‘Ergen Is Trying to Steal the 12GHz Band’
Tesla, Inc. CEO Elon Musk has locked horns with Dish Network Corporation’s Charlie Ergen. What Happened Ergen is trying to steal the 12 Gigahertz bandwidth spectrum meant for space internet, Musk said in a late Friday tweet. “Not cool,” he added For the unversed, the Federal Communications Commission recently granted SpaceX’s request for the 12…
Drivers Face Black or White Choice to Speed up New-Car Delivery
PARIS—For Emilie Malherbe, choosing the color of her brand new Renault Arkana SUV was easy because only three were available: black, pearl-white, and gray. She and her husband swiftly settled on gray because what mattered most was getting the car delivered quickly. “We heard on television that we could face delays of six to eight…
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