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Tesla Shares Slide After Most Recent Price Cuts

Tesla Shares Slide After Most Recent Price Cuts

EV leader Tesla saw its share price fall more than 3% Monday after it cut prices on many of its vehicles by as much as $2,000 over the weekend. It’s the second time the company’s slashed prices in the past two weeks, highlighting the company’s efforts to revive sales and improve profits. Find out more at Headlight.News.

Top Vehicle on Instagram Isn’t Sold in the U.S. Anymore

Top Vehicle on Instagram Isn’t Sold in the U.S. Anymore

Posters used to tell you all you needed to know about what was popular. For a long time, the most desirable or popular cars in the world could all be found on one well-known wall hanging, “Justification for Higher Education.” Now you only need to go to Instagram to find out what’s hot. Get details at Headlight.News.

Hyundai Suspends Advertising on X

Hyundai Suspends Advertising on X

Hyundai Motor America suspended its advertising on the X, formerly Twitter, after another post espousing pro-Hitler, antisemitic views appeared attached to its ad on the social media outlet. Tesla CEO Elon Musk also helms X and has been under fire before after allowing similar content in the past. Find out more at Headlight.News.

Tesla Recalling Virtually All Cybertrucks Because Sticky Pedals Could Cause Runaway Acceleration

Tesla Recalling Virtually All Cybertrucks Because Sticky Pedals Could Cause Runaway Acceleration

Tesla on Friday ordered the recall of nearly all of its Cybertrucks because their throttle pedals could stick when fully depressed, leading to potential runaway acceleration. The recall comes about three weeks after the automaker first received notice of the defect which, so far, has not been blamed for any crashes.

Musk Wants Shareholders to Vote – Again – on His $56 Billion Pay Plan

Musk Wants Shareholders to Vote – Again – on His $56 Billion Pay Plan

Elon Musk took a big hit to the wallet in January when a Delaware judge rejected the $56 billion payout he was awarded by Tesla. The decision, along with Tesla’s weakened stock price, briefly knocked Musk off his perch as the world’s richest man. Now, Tesla is asking its shareholders to vote again on the pay plan while proposing other changes that would make it less likely future proposals could run into legal trouble.

General Motors Moving HQ – But Not Very Far

General Motors Moving HQ – But Not Very Far

For the fourth time in its more than 100-year history, General Motors is moving its corporate headquarters – but it isn’t going very far. The automaker will relocate from the current, facility along the Detroit River to the city’s newest highrise 1.2 miles away. The move was driven by a variety of factors, said GM CEO Mary Barra, including the need for less office space following the COVID pandemic.