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Musk’s Antics Could Cost Him $56 Billion Pay Package

Musk’s Antics Could Cost Him $56 Billion Pay Package

Elon Musk’s increasingly mercurial behavior is having a substantial impact on the Texas-based EV maker. But it may also have a serious impact on the Tesla CEO himself as shareholder resistance grows to the $50 billion pay package the automaker wants to give Musk. A key investor, and former Musk “fanboy,” voting no.

Mercedes Workers Next to Vote on UAW – But “Alabama is Not Michigan”

Mercedes Workers Next to Vote on UAW – But “Alabama is Not Michigan”

After winning a historic vote at the Volkswagen plant in Chattanooga last month, the United Auto Workers Union takes aim at a repeat victory as workers at the Mercedes-Benz plant in Tuscaloosa cast their ballots. But the UAW faces strong local opposition from, among others, Gov. Kay Ivey who declared “Alabama is not Michigan,” as she signed a bill to discourage future union efforts.

Chinese EV Imports Pose “An Extinction Level Event”

Chinese EV Imports Pose “An Extinction Level Event”

President Joe Biden raised tariffs on an assortment of Chinese-made goods, including the battery-electric vehicles manufacturers like BYD, Geely and Great Wall have been hoping to start selling in the U.S. The threat of these inexpensive EVs – some starting at barely $10,000 – has sent shivers through the American auto industry, one trade group warning their arrival poses an “extinction-level event.” Headlight.News explains why.

Musk Appears to Reverse Course on Tesla Supercharger Cuts

Musk Appears to Reverse Course on Tesla Supercharger Cuts

Just days after firing the head of Tesla’s Supercharger operations – and dismissing her entire 500-person staff – CEO Elon Musk appeared to reverse course, announcing on his social media site X that the automaker still will invest “well over” $500 million on “new sites and expansions” of the public charging system. The apparent turnaround comes as Tesla comes under increasing pressure from Tesla investors, analysts, owners and other automakers who have done deals to gain access to the Supercharger network for their own EV customers.