According to a Monday court filing, Tesla directors will pay $735 million to settle shareholder claims that they overpaid themselves. A Tesla stock-holding retirement fund settled its 2020 lawsuit. Starting in June 2017, the Detroit Police and Fire Retirement System criticized Tesla directors’ stock options, including CEO Elon Musk, his …
Read More »
Tesla announced its first Cybertruck was produced in Texas over the weekend. Before Tesla’s second quarter 2023 earnings call, the futuristic pickup truck debuts. In 2019, Tesla CEO Elon Musk revealed the Cybertruck, however production has been delayed. Since 2021, Tesla has delayed production and delivery of the truck because …
Read More »
According to a late Tuesday website update, Tesla’s Model 3 and Model Y electric vehicles’ $7,500 federal tax credits may be reduced after December 31. The website states that customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a $7,500 tax credit. …
Read More »
Tesla beat Wall Street delivery estimates in the second quarter of 2023 due to price cuts and the Biden administration’s federal electric vehicle tax credits. The Elon Musk-owned EV maker produced 479,000 units and delivered 466,140. That’s up 10% from the first quarter’s 422,875 Tesla EVs and 83% year-over-year. Delivery …
Read More »
Tesla CEO Elon Musk says the company wants to invest in India and bring the electric carmaker there “as soon as humanly possible.” Musk hopes to “announce something in the not too distant future” with Indian Prime Minister Narendra Modi after a “very good” conversation on Tuesday. Tesla and New …
Read More »
The award in the racial bias lawsuit filed by Owen Diaz, a former Black elevator operator at Tesla’s Fremont facility, has been reduced from $15 million to $3.2 million. During a weeklong trial in San Francisco, a federal jury on Monday decided that Tesla had failed to prevent extreme racial …
Read More »
Comfort Electric, Uber’s premium electric vehicle service, is being rolled out to 14 additional markets in the United States and Canada. Customers in 40 different regions across North America can now reserve a sleek, eco-friendly ride. Luxury electric vehicles, including the Tesla Model S, Model 3, Model X, and Model …
Read More »
Transportation-focused weekly newsletter The Station. Click The Station to get the full newsletter in your inbox every weekend. Free signup. Welcome back to The Station, your hub for moving people and packages. EV charging has improved, but it cannot support the number of electric vehicles the Biden Administration wants on …
Read More »
Even Tesla has agreed to new requirements for companies seeking funding from the Biden Administration’s $7.5 billion EV charging initiative. The Biden Administration announced Wednesday the final standards for its plan to build a national network of 500,000 electric vehicle chargers along highways, including a requirement that all Inflation Reduction …
Read More »
Tesla announced on Monday that it delivered 405,278 automobiles in the fourth quarter of 2022. Despite setting a record for deliveries, the manufacturer fell short of Wall Street’s forecast of between 420,000 and 425,000 cars delivered. The manufacturer of electric vehicles stated that 439,701 units were produced overall in the …
Read More »
Tech Gadget Central Latest Tech News and Reviews