Kimbal Musk, a board member at Tesla Inc., has defended the company’s decision to approve a $29 billion compensation package for his brother, CEO Elon Musk. The package, which grants Elon Musk 96 million shares vesting over two years, has faced mounting scrutiny from investors and analysts.
Tesla Raises Price of Fastest Cybertruck Model as EV Credit Deadline Looms and Sales Decline
Tesla has announced a price increase for the quickest Cybertruck variant, the Cyberbeast trim, from $99,990 to $114,990. This change comes as the September 30 deadline for the federal EV credit approaches.
Tesla Cybertruck Achieves 5-Star Safety Rating in Most Categories, Except One
The Tesla Cybertruck has received a revised 5-star crash test rating for both the driver and passenger from the National Highway Traffic Safety Administration (NHTSA). This new rating applies to all vehicles manufactured on or after January 9, 2025, that have received software updates made available on or after April 8, 2025.
Rubio and Duffy Speak Out Against Foreign Truck Driver Visas Following Deadly Florida Accident
US Secretary of State Marco Rubio has announced that the government is halting all new visas issued to foreign truck drivers in the US, effective immediately. This move comes after a fatal Florida crash that resulted in the loss of three lives.
NHTSA Investigates Tesla Over Delayed Crash Test Reports for Autopilot and FSD Systems
The National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla due to delays in submitting reports of self-driving crashes involving the company’s Autopilot and Full Self-Driving (FSD) systems.
Tesla Introduces Zero-Down Leases for Pre-Owned Model 3 and Model Y in the US
Tesla is now offering $0 down leases on used electric vehicles in its inventory. This move comes amid poor sales figures across multiple markets.
Elon Musk's $29 Billion Tesla Pay Deal Ignites Investor Backlash and Calls for NASDAQ Investigation
The SOC Investment Group, a representative of union-backed pension funds holding Tesla shares, has demanded a formal investigation by NASDAQ into Tesla Inc. regarding a recent $29 billion equity grant to CEO Elon Musk. This move comes as a response to concerns over Tesla’s compliance with executive compensation rules and shareholder transparency.
Elon Musk Ordered to Face Lawsuit Regarding Alleged Election Lottery Scheme Amid Voter Fraud and Data Harvesting Allegations
A federal judge has ruled that Elon Musk, CEO of Tesla Inc., must face a lawsuit alleging that he operated an illegal election giveaway during the 2024 presidential campaign. The lawsuit claims that Musk’s political action committee, America PAC, misled voters into believing they were entering a legitimate lottery.
Elon Musk Puts 'America Party' on Hold to Maintain MAGA Ties: Report
Elon Musk, the CEO of Tesla Inc., has reportedly decided to halt his plans to establish a new political party. This decision comes as a surprise, given his earlier announcement in July about forming the “America Party” for dissatisfied U.S. voters.
Tesla Sees 60% Quarterly Surge in China Registrations with 14,000 New Vehicles
Tesla has seen a substantial increase in registrations in China, with a 60% surge compared to the previous quarter. The company recorded 14,000 new insured registrations in the country, indicating a significant growth in demand for Tesla vehicles in the Chinese market.