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Tesla CEO Elon Musk’s Compensation Package Under Scrutiny A significant portion of Elon Musk’s wealth is tied to his Tesla stock position. However, this week, a Delaware court ruling has greatly reduced that position—at least for now. The ruling follows a court case brought by shareholders over a historically large compensation agreement offered to Musk,…
Elon Musk Announces Tesla Layoffs Several outlets, including The Wall Street Journal, reported today that Tesla CEO Elon Musk sent an email to his staff indicating that roughly 10 percent of the company’s 140,000 employees globally would be axed as Tesla faces an unusually difficult start to the year. The move is not unexpected; rumors…
Tesla has encountered significant challenges recently, including a controversial rollout of its new electric Cybertruck, slumping sales, and waning demand for the Model 3 electric sedan and Model Y electric SUV. Additionally, there has been a government investigation into the driver monitoring component of the company’s Autopilot driver assistance system. Moreover, CEO Elon Musk recently…
Tesla and SpaceX CEO Elon Musk is one of the most controversial figures in the automotive industry. He virtually changed the game by leading the charge—no pun intended—on the global wide adoption of EVs. On the other hand, Musk has made some very polarizing statements and questionable decisions that have caused disarray not just within…
The Life and Achievements of Elon Musk Elon Musk built a commercial rocket company from scratch and upended the auto industry as a high-profile evangelist for electric cars. This groundbreaking work has established him as one of the richest people in the world. In October, Musk completed a $44 billion deal to buy Twitter. However,…
View Photos Tesla The Tesla Robovan was revealed Thursday night as part of the “We, Robot” event that primarily focused on the Robotaxi’s reveal. The Robovan is a fully autonomous transporter that can seat up to 20 people and be adapted for personal or commercial use. Tesla CEO Elon Musk stated that the company will…
The Ongoing Saga of the $25,000 Tesla There is a new chapter in the ongoing saga that is the legendary and mysterious $25,000 Tesla. This electric vehicle (EV) is supposed to be the culmination of Elon Musk’s ultimate plan for Tesla’s product line, starting with an aspirational luxury vehicle—the Model S—and allowing its sales to…
Tesla’s Affordable Vehicle Plans: Current State and Future Outlook Will Tesla build an affordable vehicle to slot under the compact Tesla Model 3 electric sedan? Since 2020, the answer has been a little unclear. Promises have been made, rumors of cancellations circulated, and then discussions of revival followed. Last heard in January of this year,…
Tesla Robotaxi Reveal Scheduled for October 2024 Tesla’s long-awaited robotaxi, which has been teased for nearly half a decade, is expected to be unveiled in early October 2024. According to a recent report, the automaker plans to showcase this vehicle equipped with full self-driving technology at the Warner Bros. Discovery studio in California, as reported…
Elon Musk’s Recent Actions Impacting Tesla Operations in California Tesla CEO Elon Musk has been making headlines with his recent tweets addressing the challenges that his company faces due to the extended stay-at-home orders in California. It began when Musk tweeted that Tesla was preparing to sue Alameda County, which has continued its stay-at-home order,…
Tesla Cybertruck Updates If all goes as planned—a significant “if” considering Tesla’s track record—the company will start producing the highly anticipated Cybertruck in late 2021. Furthermore, there are indications that a smaller version of the electric pickup might follow in the future, as suggested by CEO Elon Musk in a recent tweet. Potential for a…