I believe that Elon Musk’s compensation package will haunt Tesla for years as lawsuits are already piling up. Everyone is pointing fingers at who they think is responsible for this situation. Here’s my take. We are less than two weeks away from Tesla’s annual shareholders meeting during which we will know the results of the
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With its first electric three-row SUV rolling out in the US, Kia just hit a new all-time monthly EV sales record in May. The EV sales growth led to Kia’s second-best-ever US sales month. Kia EV sales hit a new high in May as new EV9 rolls out After launching the EV9 in the US
American automakers Ford and GM do not agree on where hybrids will be in the future. Ford’s CEO says hybrids should stop being talked about as “transitional,” while GM’s leader claims the tech is “not the end game” as it’s not zero-emission. Ford and GM take sides on hybrids vs EVs There’s a growing divide
The top-selling Hyundai EV is about to become even more attractive. Hyundai says the IONIQ 5 will be the first EV built at its new $7.6 billion EV and battery plant in Georgia, unlocking access to the $7,500 federal tax credit. After selling nearly 34,000 IONIQ 5 models last year (+48% YOY) in the US,
Photo: The National Guard via Creative Commons In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climate change damages. What the Climate Superfund Act does S.259, “An act relating to climate change cost recovery,” or the Climate Superfund Act, aims
Volkswagen added three new ID.3 trims, including a more sporty, a more powerful, and a lower-priced model. The small all-electric car has been updated with more tech, software, and spunk. The ID.3 was introduced to the world in 2019 as Volkswagen’s first fully electric vehicle based on the MEB platform. Last year, 140,800 ID.3 models
The moment is finally here. Jeep officially revealed its first global EV, the Wagoneer S. Jeep’s premium electric SUV features over 300 miles range, a tech-loaded interior, and “lightning-quick” acceleration. The rugged SUV brand also unveiled a Trailhawk concept built to conquer any terrain. Check out the full details below. Meet the first Jeep EV,
According to a new report, Tesla is preparing to get Full Self-Driving (FSD) package approved in China – starting with employee vehicles. Last month, Tesla’s stock jumped on a report that the automaker was “granted approval under certain conditions” to deploy FSD in China. The report came after CEO Elon Musk met with Premier Li
Nicki Minaj has spoken out following her arrest in the Netherlands, claiming she was treated differently because of her race. The Anaconda rapper was speaking to fans on the livestream platform Stationhead and spoke about the incident, which forced her to cancel a gig in Manchester just hours before she was due to perform. The
Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case. In a new letter, Chancellor Kathaleen McCormick, the judge who canceled Elon Musk’s $55 billion compensation package after she concluded Tesla’s board misled investors, said that Tesla’s lawyers reassured her that the company won’t
The Mexican state of Nuevo León still believes that the previously announced Tesla Gigafactory is coming despite a recent change of plans. Tesla officially announced Gigafactory Mexico back in March 2023, and until recently, we were wondering what was the hold up to start production after the automaker said it wanted to move fast. In October, Tesla
Ford Performance is at it again. The high-performance unit is teasing its new Ford F-150 Lightning-based EV SuperTruck ahead of its official debut. To showcase its abilities, Ford’s new electric SuperTruck will compete in the upcoming Pikes Peak International Hill Climb. Based on its best-selling electric pickup, Ford’s Performance team tweaked the Lightning-based EV SuperTruck
Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. The appointment is expected to help accelerate Hyundai Motor’s (including Kia’s) transition to electric with “top-tier” EV leadership. Hyundai hires ex-Porsche, Apple Car exec Hyundai Motor announced Tuesday it had hired Harrer as executive
Tesla has launched a rare new paint color, Lunar Grey, as a $2,500 option on new Model S and Model X vehicles. Tesla is known for having somewhat limited color options, especially for a premium automaker. It wasn’t always the case, but the automaker decided that it needed to streamline its options to facilitate production
A recent report out of South Korea states that Hyundai Motor Group is beginning development of a new hydrogen fuel cell EV supercar based on its N Vision 74 concept from a couple of years ago. The Korean automaker is working on a development mule ahead of planned production in 2026. The public got its
With changes expected to Ford’s electric vehicle certification program, all Ford dealers will likely be able to sell EVs. Ford is reportedly preparing to open the program amid feedback from its dealers. Ford poised to open dealers network to sell EVs After asking dealers to pause EV investments this week, Ford is finalizing changes to
Ten days after the Biden administration introduced a 100% tariff on on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports. Those threats are also targeted at the EU, as China’s Ministry is requesting the results of a recent probe while imploring Europe not to
Tesla has officially broken ground on its new Megafactory project to build Megapacks for energy storage in China. The Megafactory in Lathrop, California, was Tesla’s first dedicated factory to produce Megapacks, which were previously produced at Gigafactory Nevada. It is still ramping up to its full capacity of 40 GWh worth of Megapacks, a battery
After a strong start to 2024, Hyundai expects the momentum to continue with some of the most affordable and efficient EVs on the US market. In an exclusive interview with Electrek, Hyundai Motor America CEO Randy Parker said the company is “humble and hungry” as it remains committed to EVs in the US. Hyundai’s dedication
Paloma Faith, KT Tunstall and other songwriters at the Ivor Novello Awards have spoken out about the use of AI in music, saying meaningful songs cannot be written by “robots”. The awards ceremony, which honours the craft of songwriting, was held in London this afternoon, with artists including Raye, Bruce Springsteen, Lana Del Rey and
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