Investors are clashing over Elon Musk's $56 billion pay package, arguing it is not in Tesla's best interest as the company faces declining sales, slowing EV demand, and a 30% drop in stock price.
Automotive
Stellantis, Italy Near Agreement on New Hybrid EV Model for Mirafiori Amid Union Pressure
Stellantis is expected to announce the production of a hybrid version of its 500e electric vehicle at the Mirafiori plant in Turin, Italy, in response to union demands and to address declining EV sales and government criticism.
China Evergrande EV Shares Surge as Liquidators Sell Stake for Major Shareholders
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
Skyfarer Leads the Charge in Drone Technology Integration Across Sectors
As a company dedicated to making drones accessible to all organizations, Skyfarer emphasizes the transformative potential of drone technology in various industries. The company showcases drones' practical applications through case studies and real-world examples, highlighting its ability to solve complex logistical challenges.
Elon Musk Distances Tesla from Biden's 100% Tariff on Chinese EVs, Claims Company's Competitive Edge Without Incentives
Elon Musk stated that neither he nor Tesla were involved in President Joe Biden's decision to implement a 100% tariff on Chinese electric vehicles.
Latest News
Electric Vehicles Are Three Times More Likely to Hit Urban Pedestrians Than Fuel Cars, Study Reveals
A BMJ study found electric vehicles are three times more likely to hit urban pedestrians and twice as likely in rural areas compared to petrol or diesel cars.
Tesla CEO Elon Musk has received a proposal from the government of Indonesia to put up an EV battery plant in the country.
VinFast is under federal investigation following a fatal crash in California involving its VF 8 electric vehicle that resulted in the deaths of a family of four.
The US Senate accuses BMW and other automakers of buying car components from a banned Chinese supplier. Here's what officials shared.
Volkswagen's door flaw concerns the U.S. NHTSA. Because of this, over 50,000 EVs are estimated to be affected by the mass recall.
Tesla is making efforts to address concerns raised by European leasing companies due to multiple retail price cuts and delays in service.
Tim Kuniskis, who has been with Stellantis for nearly 32 years and is CEO of the Ram and Dodge brands, announced his retirement on Friday.
Mercedes-Benz workers in Alabama have voted against joining the United Auto Workers (UAW). Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, casting doubt on the ability of the union to unionize factories in the southern United States.
Honda will invest 10 trillion Japanese yen ($65 billion) in EVs until 2030 to stay competitive in the market.
