Elon Musk, CEO of Tesla, speaks during the 2025 Annual Shareholder Meeting on Nov. 6, 2025. Courtesy: Tesla Tesla shareholders voted last week to give CEO Elon Musk a record pay package, one that could net him about $1 trillion in company stock over the next decade. But Musk received less support than he did for…
Elon Musk, CEO of Tesla, speaks during the 2025 Annual Shareholder Meeting on Nov. 6, 2025. Courtesy: Tesla Tesla said shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan, with 75% support among voting shares. Board members recommended shareholders approve the pay plan, which they introduced in September. Top proxy advisors…
Metropolis, which uses AI and computer vision to identify vehicles and take parking lot payments without any physical transaction, has raised $1.6 billion in combined debt and equity in a new fundraising round at a $5 billion valuation. Already the largest parking lot network in the U.S., handling more than 7% of licensed drivers (nearly…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship…
Rivian electric SUV parked outside brick showroom on a sunny day, San Francisco, California, August 19, 2025. Smith Collection/gado | Archive Photos | Getty Images DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come….
Ford Mustang Mach-E EV vehicles at a Ford dealership in Los Angeles, California, US, on Thursday, Oct 16, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday. Ford Motor,…
In this photo illustration, the logo of semiconductor manufacturer Nexperia is displayed on a screen. Vcg | Visual China Group | Getty Images Shares of Europe’s biggest carmakers rose on Monday as fears over an industry shortage of semiconductors appeared to recede. China on Saturday said it would consider some exemptions for Nexperia chip exports….
The logo of Chinese-owned semiconductor company Nexperia is displayed at the chipmaker’s German facility, after the Dutch government seized control and auto industry bodies sounded the alarm over the possible impact on car production, in Hamburg, Germany, Oct. 23, 2025. Jonas Walzberg | Reuters Netherlands-based chipmaker Nexperia is at the heart of a standoff between…
Toyota Motor Corp President Akio Toyoda gets out of a Tesla Motor’s Roadster electric car with Tesla Motors Chief Exective Officer Elon Musk (behind car) upon their arrival at a news conference in Tokyo November 12, 2010. Issei Kato | Reuters Eight years ago, Tesla CEO Elon Musk promoted a next-generation Roadster, basing the name of the…
