Vehicle News Feed - Page 5
2d ago
Vehicle News
Tesla Stock Hits 9-Month Low as Musk Controversies Continue
Shares of Tesla have dropped to their lowest level in 9 months, making it the worst-performing stock on the S&P 500 index. The decline is attributed to a combination of missed earnings estimates and increased controversy surrounding Elon Musk.
2d ago
Vehicle News
Ark Invest CEO Criticizes Delaware Court's Decision on Musk's Pay Package
The founder and CEO of Ark Invest, Cathie Wood, expressed her disagreement with the Delaware court's ruling that voided Elon Musk's performance-based pay package.
3d ago
Vehicle News
NHTSA Escalates Investigation into Tesla Model 3 and Model Y Power Steering
The National Highway Traffic Safety Administration (NHTSA) has escalated an investigation into Tesla's Model 3 and Model Y to an engineering analysis following driver complaints about losing power steering.
4d ago
Vehicle News
Tesla Issues Recall for Hard-to-Read Warning Lights on Nearly Every Vehicle Sold in the US
Tesla has issued a recall for over 2 million vehicles in the US due to hard-to-read warning lights, potentially resulting in errors or crashes.
4d ago
Vehicle News
Safety Concerns Surrounding Heavy Electric Vehicles
A recent crash test involving a Rivian truck highlights safety concerns about heavy electric vehicles and their potential risks.
6d ago
Vehicle News
Judge Rules Elon Musk's $56bn Tesla Pay Package is Excessive
A judge in Delaware has ruled that Elon Musk's $56 billion pay package at Tesla in 2018 was excessive and unfair to other shareholders. The ruling stated that the incentive package was unnecessary and had a dilutive effect on shareholders' holdings. Musk's supporters argue that shareholders approved the scheme in 2018 and that he had met his performance targets. However, the judge highlighted the lack of independence in the process and the fact that Musk's controlling stake already motivated him to work towards increasing Tesla's market value.
8d ago
Vehicle News
Judge Rules Elon Musk Not Entitled to $55 Billion Compensation Package
A Delaware judge ruled Tuesday that Tesla CEO Elon Musk is not entitled to a landmark compensation package potentially worth over $55 billion. The ruling came after a shareholder lawsuit accused Musk and directors of breaching their duties and resulted in a waste of corporate assets and unjust enrichment for Musk.
8d ago
Vehicle News
Renault Cancels Plans to List Ampere EV Unit, Shares Jump
French car maker Renault sees shares rise after scrapping IPO for its electric vehicle and software business.