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Tesla board opened search for a CEO to succeed Elon Musk
Economic Times
·
3m ago
Medial
Tesla's board initiated a search for a successor to CEO Elon Musk, prompted by his involvement with the Trump administration and declining sales of Tesla's vehicles, according to a Wall Street Journal report. Musk, facing investor criticism, pledged to focus more on Tesla. However, the status of this succession planning remains unclear. Protests and vandalism related to Musk's politics have impacted Tesla, but it's uncertain if Musk was informed of the board's actions.
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Tesla investors sue Musk for diverting 'scarce' AI talent to xAI
Inshorts
·
1y ago
Medial
A group of Tesla shareholders has sued CEO Elon Musk for diverting "scarce talent and resources" from the automaker to his AI startup xAI. The group also accused Tesla's board of allowing Musk to start a rival AI company and plunder Tesla's resources. Earlier, it was reported that Musk diverted 12,000 NVIDIA AI chips meant for Tesla to X.
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Tesla gets Texas robotaxi license amid safety lawsuit, Dojo shutdown - The Economic Times
Economic Times
·
13d ago
Medial
Tesla received a license to operate its Robotaxi ride-hailing service in Texas, positioning it against competitors Uber and Lyft. Concurrently, Tesla and CEO Elon Musk are facing a shareholder lawsuit over alleged securities fraud related to self-driving vehicle safety risks. This development comes shortly after Tesla shut down its Dojo supercomputer team, shifting its strategy towards a $16.5 billion deal with Samsung for AI chips. Tesla also opened its first showroom in India.
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Tesla's former CEO slams Elon Musk's plans to delay low-cost EV models
Livemint
·
1y ago
Medial
Former Tesla CEO Martin Eberhard expressed disappointment in Tesla's decision to delay its low-cost car program, suggesting that the market for affordable electric vehicles is stronger than that for larger trucks. This comes after reports claimed that Tesla had abandoned plans for a less expensive vehicle, a claim denied by current CEO Elon Musk. Eberhard highlighted the importance of focusing on cost rather than technology for the sake of it in the automotive industry. He also expressed optimism about the potential for multiple car companies to succeed in the EV market.
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Musk courts Chinese officials seeking approval for Tesla’s self-driving tech
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk met with senior Chinese officials in Beijing to seek approval for introducing the company's advanced driver-assistance technology in the Chinese market. Musk aims to persuade regulators to approve Tesla's Full Self-Driving (FSD) feature for Chinese drivers. Tesla has already opened FSD for subscription in China but faces restrictions on data collection and transfer. Failure to gain approval for FSD could impact Tesla's position in China's electric vehicle market, where competition from local brands is strong. Tesla is also facing challenges globally, including a recent investigation by the National Highway Traffic Safety Administration into its driver-assist system.
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Now, Rajasthan Joins The Race To Attract Tesla India Plant
Inc42
·
1y ago
Medial
Tesla executives have reportedly met with the government of Rajasthan, India, as they search for a suitable location to set up manufacturing facilities in the country. Other states, including Gujarat, Tamil Nadu, and Maharashtra, are also in the running. Tesla CEO Elon Musk is visiting India on 21-22 April, where he is expected to meet with Prime Minister Narendra Modi and make major announcements regarding Tesla and Starlink. Additionally, Musk will meet with spacetech startups during his visit. India recently introduced a policy to incentivize EV manufacturers to establish manufacturing plants in the country.
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OpenAI Chief Scientist Ilya should join Tesla or xAI: Musk
Inshorts
·
1y ago
Medial
OpenAI Chief Scientist Ilya Sutskever, who was on the board that fired CEO Sam Altman, should join Tesla or xAI, Elon Musk said. His remark comes on a report that claimed Ilya has become invisible at OpenAI since the return of Altman. In his first message after returning as CEO, Altman said, "Ilya will no longer serve on the board."
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US agencies probing Tesla's use of funds for secret 'glass house' for Elon Musk
Economic Times
·
1y ago
Medial
Federal prosecutors are investigating Tesla's potential misuse of company funds for a secret project involving a house for CEO Elon Musk near Austin, Texas. Tesla board members previously probed similar concerns. The U.S. Securities and Exchange Commission has initiated a civil investigation as well. The probes, still early, focus on personal benefits to Musk and the project's purpose and cost, also examining Tesla's electric vehicle range discrepancies. No official comments were provided by Musk or authorities.
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Twitter founder Jack Dorsey expresses support for Elon Musk, says ‘I love Tesla’
Economic Times
·
5m ago
Medial
Former Twitter CEO Jack Dorsey expressed admiration for Tesla, responding to a Tesla post with "i love tesla." Tesla CEO Elon Musk, who acquired Twitter and rebranded it as X, replied with heart emojis. Despite previous criticism towards Musk's leadership post-acquisition, Dorsey recently praised Musk's commitment to free speech and the move to take Twitter private. Meanwhile, Tesla faces increased vandalism, with Musk accusing left-wing organizations of organizing these attacks.
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Elon Musk's Neuralink moves legal home to Nevada
Economic Times
·
1y ago
Medial
Elon Musk's brain implant company, Neuralink, has relocated its legal headquarters from Delaware to Nevada. This move comes after a Delaware judge invalidated Musk's $55.8 billion pay package as CEO of Tesla. Musk had previously suggested moving Tesla's corporate registration to Texas. Legal experts note that many corporations choose Delaware for its favorable laws. In January, the judge ruled that Tesla's board lacked independence from Musk and the pay package was flawed. Musk's advocates argue that his unique role and contributions to Tesla justify his compensation.
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Tesla hits the road to persuade shareholders to pay Elon Musk $46 billion
Livemint
·
1y ago
Medial
Tesla shareholders will vote on whether to reinstate stock options worth $46 billion to CEO Elon Musk, following a judge's decision to strike down the award earlier this year. Tesla's board, led by chair Robyn Denholm, is rallying support from shareholders, seeking to remind them of the ambitious plans set in 2018 when the original pay package was approved. The vote carries significance for Tesla as it hopes approval will dispel concerns that Musk may leave the company. The outcome will also impact Tesla's stock price and potentially avoid a lengthy appeals process.
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