Stellantis-board-ceo-tavares-resignation On December 1, 2024, Stelantis N.V.’s Board of Directors accepted Carlos Tavares’ resignation as the company’s Chief Executive Officer (CEO). “Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board, and the CEO. However, in recent weeks different views have emerged Read more
Data released by the China Passenger Car Association (CPCA) has revealed that Tesla China sold a total of 78,856 vehicles wholesale in November 2024. These numbers represent a 15.49% increase from the 68,280 vehicles that Tesla China sold wholesale in October 2024. They also represent a 4.34% decrease from the Read more
Starling has become plan B for the Kativik Regional Government (KRG). The KRG plans to use SpaceX’s Starlink terminals to expand internet service among Nunavik communities while it completes its fiber optic project. “Engineers are currently talking to Canadian North Cargo to load a 737 freighter jet with gateway terminals,” Read more
Tesla reportedly told Cybertruck production workers to stay home for three days this week in an internal email to employees who are responsible for building the all-electric pickup at the Gigafactory Texas facility. A report from Business Insider stated that Tesla emailed Cybertruck production line employees and told them they “do Read more
Tesla has expressed its intention to challenge a Delaware judge’s decision to void CEO Elon Musk’s $56 billion compensation package despite the pay plan being approved by shareholders twice. In a statement on X, Tesla described the court’s ruling as “wrong,” asserting that it would appeal the decision. “A Delaware Read more
Tesla CEO Elon Musk will get his $56 billion pay package from the company “one way or another” after Delaware Chancery Court Chancellor Kathaleen McCormick denied the massive compensation for a second time on Monday night. This is according to Wedbush analyst Dan Ives, who said the move to deny Read more
SpaceX is reportedly discussing the possibility of selling insider shares, putting the aerospace company’s market value at $350 billion. People familiar with the matter say that SpaceX is still discussing the possibility of selling insider shares with buyers and ironing out the details. However, its valuation of $350 billion is Read more
A new study claims that replacing an electric vehicle battery will soon cost less than fixing the engine of a gas car. This is one of the most notable arguments that supporters of combustion engines use to attempt to disprove the effectiveness of electric vehicles. Recurrent found that the cost Read more
Tesla China has reportedly clarified that it currently does not have any immediate plans to release the Cybertruck in the country. The update was posted by Chinese media outlet Jiemian News, which claimed that the Tesla China team had denied that the Cybertruck would be brought to the county soon. Read more
Elon Musk scored priority access to NVIDIA for his xAI startup. Musk’s AI startup ordered $1.08 billion worth of NVIDIA’s GB200 AI servers. NVIDIA’s GB200 AI servers are made by Foxconn. The chip company is expected to start the servers’ deliveries by January 2025, and Elon Musk just nabbed a Read more