Tesla is suing Matthews International, a former machinery supplier, for “stealing trade secrets” related to its battery production. Matthews claims that it’s Tesla who is trying to steal its technology. Over the years, Tesla has sued quite a few companies and former employees for allegedly stealing trade secrets, including regarding battery production, Dojo, and more.
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Tesla is asking the parties involved in Elon Musk’s CEO compensation case to interpret shareholders’ ratification last week. Following Tesla shareholders voting again for Musk’s 2018 CEO compensation plan last week, the automaker’s lawyers now have to explain to the Delaware judge how this impacts the case that rescinded the compensation. Tesla admitted that its
A new low-cost EV is primed to hit the US market. Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit. Kia introduced the EV3 during its 2023 EV Day as part of a new line-up of affordable electric vehicles. After opening orders
Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 billion Metaplant wraps up in Georgia. After kicking
Elon Musk is again claiming that Tesla’s always “coming next year” Roadster will be able to fly. The prototype for the next-generation Tesla Roadster was first unveiled in 2017, and it was supposed to come into production in 2020, but it has been delayed every year since then. It has become a sort of running
Tesla has reportedly halted Cybertruck deliveries amid a problem with the motor of its giant windshield wiper. The Cybertruck is equipped with the biggest wiper put on a consumer vehicle. It’s the result of Tesla’s design, which aimed to have a straight line from the front-end all the way to the apex of the roof
Indian authorities are set to prosecute author Arundhati Roy over comments she made about Kashmir in 2010. Roy is reported to have said the disputed region of Kashmir is not an “integral” part of India at a panel discussion 14 years ago. Lieutenant governor for Delhi VK Saxena, who belongs to Prime Minister Narendra Modi’s
Despite numerous delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to take $6 billion and pump its share price instead of investing in the company’s future. A few short weeks after labor negotiations led to a six-week UAW strike at GM plants, GM board members approved a $10 billion
Tesla confirmed that it managed to produce 1,300 Cybertrucks in a week and it is moving from its Foundations Series production run next quarter. We haven’t had a lot of updates from Tesla about the Cybertruck production ramp. Actually, the best one we got was from a recall, which confirmed that Tesla had produced just
Just days after the EU Commission determined EVs imported from China have an unfair advantage due to government subsidies and responding with higher tariffs, Germany, one of the region’s largest automotive markets, has spoken against the decision, stating the imposed tariffs could hurt the success of local automakers selling vehicles in China. It has been
Golf carts are no longer just for cruising the country club. In fact, these days, they’re more commonly found zipping through neighborhood streets or joy-riding around beach communities. These smaller, more efficient alternatives to traditional cars might just be a good choice for your ‘second car’, believe it or not. Thanks to US golf cart
Tesla shareholders have officially approved all company proposals at their annual shareholders meeting. They are backing the board – though they voted to shareholder proposals that the board recommend against. There was no surprise at Tesla’s annual shareholders meeting – mainly because CEO Elon Musk had leaked the results from the two main proposals: the ratification
Elon Musk is betting Tesla on its Optimus program, which he now says will add tens of trillion of dollars to its valuation. He added that Tesla should have over 1,000 humanoid robots working in its factories next year, but he is delaying a recently shared timeline. Musk started out Tesla’s shareholder meeting with a
After repeatedly claiming that Tesla will not allow owners to transfer Full Self-Driving capability to new vehicles, Tesla CEO Elon Musk agreed today that Tesla will allow them to do so for “one more quarter.” Tesla has been selling its FSD system for many years now, to the point where many early owners have been
Watch Elon’s $56 billion victory lap live as Ford walks back its controversial Model E program and snaps up Tesla, Rivian, and Apple car castaways to help it build affordable EVs, Jeep’s $25,000 electric Renegade, Honda’s lease deals, and more on today’s electrifying episode of Quick Charge! PS: you all hated the extra film grain,
Tesla’s board of directors and Elon Musk are being sued by shareholders for breach of fiduciary duty over threats that the CEO made about not building AI products at Tesla, and even funneling resources to his private companies. Just as Tesla’s board sat down for the company’s 2024 annual shareholders meeting, shareholders are suing the
An all-electric Jeep Renegade is finally confirmed. Even better, it will start at under $25,000 as Jeep expands into new markets. In the US, the Jeep Renegade EV will join two other all-electric Jeep vehicles, the Wagoneer S and Wangler-inspired Recon. The news was confirmed during Stellantis 2024 Investor Day on Thursday. Jeep’s electric Renegade
Join us for our coverage of Tesla’s 2024 annual shareholders meeting, also called ‘Cyber Roundup’. We will know the full results of the shareholder votes and there are likely going to be a few announcements coming out of the event. Obviously, CEO Elon Musk already killed the suspense by revealing that proposals 4 and 5,
The highly anticipated electric Honda N-VAN e will officially hit the market in October. Honda announced its new electric N-Van will start at $15,500 (2,439,800 yen) as it looks to ramp up EV sales. Honda has been teasing a new light electric van based on its gas-powered N-VAN since 2022. Last October, a prototype was
Photo: Porsche Cars North America Porsche Cars North America has signed an agreement that gives drivers access to ChargePoint’s network within the Porsche Charging Service. The collaboration between the German automaker and the EV charging network will boost the number of chargers available to Porsche customers to more than 86,000 across the US. Timo Resch, president
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