The National Highway Traffic Safety Administration moved its probe into Tesla’s power steering loss from a probe to an engineering analysis as the company recalled 2.2 million vehicles due to a font size issue. Get details at Headline.News.
Tesla
Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package
Calling the deal “unfathomable,” a Delaware court has blocked the $565 billion pay plan awarded Tesla CEO Elon Musk in 2018. The move could spell trouble for Musk’s current demand for 25% control of the EV maker while also raising concerns about his floundering social media site, X, which relied on loans backed by Tesla stock. More from Headlight.News.
Rivian Poaches Top Apple Exec, Other Talent, Despite Ongoing Problems
The New Year got off to a rough start for Rivian, the start-up slammed by investors nervous about slowing growth in EV sales. But the market is taking notice of the news that Rivian has poached DJ Novotny, the vice president of hardware engineering away from Apple. The move comes as the tech giant reportedly again delayed – by as much as four years – its secretive Apple Car program. More from Headlight.News.
Latest Recall Adds to Tesla’s Very, Very, Very Bad Week
Tesla will recall 200,000 EVs to address a problem with their backup camera. The latest in a series of recalls comes as the automaker faces some serious challenges, including a slowdown in sales and earnings that led to a major sell-off of stock this week, wiping out $80 billion in shareholder value. Headlight.News has more.
GM, Honda Begin Joint Production of Hydrogen Fuel Cells
Hoping to take advantage of what proponents call the fuel of the future, General Motors and Honda today launched joint production of hydrogen fuel cells at a factory in suburban Detroit. The zero-emission devices will be used to power everything from portable generators to Class 8 trucks. And, as Headlight.News reports, the two automakers aren’t the only ones who see great opportunities with hydrogen technology.
Tesla’s Next Generation Vehicle is Coming — And It’s Cheaper
Rarely content to simply confirm something most already know, Tesla CEO Elon Musk said Wednesday evening the company’s next-gen platform was in development — and that it will change the way manufacturing EVs is done. Find out what he meant at Headlight.News.
Tesla Records Big Profits for Q4, Full Year 2023
EV maker Tesla fell short of is production targets in 2023, but it still made plenty of money. In fact, it made money in spite of repeated price cuts on its most popular vehicles, the Model 3 and Model Y, which was the bestselling vehicle in the world. Find out more at Headlight.News.
Tesla Planning $25,000 EV Codenamed “Redwood”
Tesla CEO Elon Musk has repeatedly promised to bring more affordable EVs to market but has so far failed to pull it off. Now, however, a report indicates the Texas-based automaker is getting ready to follow through with a compact crossover that could be available by mid-2025 at a starting price of $25,000. More from Headlight.News.
Tesla Model Y is First EV to Win European Sales Crown
The Tesla Model Y is not only the bestselling EV in the U.S. market but, in Europe, it has become the bestselling vehicle overall. For 2023, it became the first EV ever to capture the Continental sales crown, reported Headlight.News.
Tesla Cybertruck Doesn’t Live Up to its Hype, Tests Show
Faster than a speeding bullet … (okay, faster than a Porsche 911) … able to stop speeding bullets and then tow trailers with minimal range loss. When Tesla CEO Elon Musk handed over the keys to the first production Cybertruck last November, he made lots of jaw-dropping claims about the safety, performance and range of the all-electric pickup. But can it live up to the hype? Maybe not, according to some recent reports. More from Headlight.News.
Tesla CEO Musk Wants More Power — Voting Power
Tesla CEO Elon Musk is looking for a trade: power for influence. It’s an oversimplification, but he wants 25% of the company’s voting power in order to continue developing AI-based technologies. Get details at Headlight.News.
Public Charging Problems Key to Slowing Growth of EV sales – Study
While growing eightfold between 2019 and 2023, EV sales flattened out during the second half of last year, and a new study puts much of the blame on public concerns about problems with the public EV charging network. It’s not just the lack of chargers but the fact that so many of them are routinely out of service. Find out more at Headlight.News.