California pension fund opposes ‘ridiculous’ Elon Musk pay package at Tesla
Elon Musk, CEO of Tesla and owner of social media site X, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters…
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William…
Meta AI chief LeCun slams Elon Musk over ‘blatantly false’ predictions, spreading conspiracy theories
The spat began days earlier, on May 27, after Musk took to X to encourage people to apply for roles at his AI startup, xAI. The company, which last week announced it had raised $6 billion, is in a battle…
Tesla Shareholders Advised by Proxy Adviser to Reject Musk’s Pay Package
(Bloomberg) — Tesla Inc. shareholders are being urged by proxy adviser Institutional Shareholder Services to reject Chief Executive Officer Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board. Most Read from Bloomberg ISS said…
China’s capital city is opening a robotaxi route to a major train station, startup Pony.ai says
Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. CNBC | Evelyn Cheng That route between Beijing South Railway Station and the suburb of Yizhuang is set…
Tesla’s $56 Billion Pay Package for Elon Musk Opposed by Calpers CEO
(Bloomberg) — Calpers, the largest state public pension fund in the US, tentatively plans to vote against a proposed $56 billion pay package for Tesla Inc. Chief Executive Officer Elon Musk, a sign of opposition from a major investor. Most…
Tesla Settles Another Deadly Autopilot Crash Case Without Going To Court
Good morning! It’s Wednesday, May 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The New VW…
Chinese EV makers continue aggressive push into Europe under growing threat of tariffs
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images PARIS — Chinese electric carmakers are expanding into Europe even as…
Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images PARIS— Tesla CEO…
Tesla could use more of Elon Musk’s focus, former board member says
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla could use…