Tuesday, 25 February 2025

Spotlight: Tesla

FILE PHOTO: Motorists drive past Tesla's primary vehicle factory after CEO Elon Musk announced he was defying local officials' restrictions against the spread of the coronavirus disease (COVID-19) by reopening the plant in Fremont, California, U.S. May 12, 2020. REUTERS/Stephen Lam/File Photo
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Musk offers Tesla factory tours to investors as he seeks support for pay package

Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest...

Koji Sato, chief executive of Toyota Motor Corp., speaks during a news conference in Tokyo, Tuesday, May 28, 2024. “An engine reborn.” That's how Japanese automaker Toyota introduced plans for a new lean compact motor that will cast a futuristic spin on the traditional internal combustion engine. (Kyodo News via AP)
AutomotiveBiofuelsElectric Vehicles (EVs)ElectricityFuelNewsTransport

Toyota announces ‘an engine born’ with biofuel

Toyota announced it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol.

EconomyElectric Vehicles (EVs)ElectricityNewsPoliticsTrade

Canada mulls Chinese EV tariff following U.S. move but is not committing to it

Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but...

May 6, 2024.  REUTERS/David Swanson
AutomotiveBusinessElectric Vehicles (EVs)News

Tesla shareholders advised to reject Musk’s $56 billion pay

Advisory firm recommends voting against $56bn pay package for Tesla CEO Elon Musk, warning of his preoccupation with other "time-consuming projects".

FILE PHOTO: A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

EV maker Lucid to cut workforce by 6%

Lucid Group said it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth.

Tesla Model Y on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla slashes Model Y production in Shanghai, data shows

Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March

FILE PHOTO: Elon Musk, chief executive officer of SpaceX and Tesla, speaks to the media during the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. REUTERS/Johannes P. Christo/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla investor Scottish Mortgage to back Musk’s $56bn package

Scottish Mortgage agreed to the package Tesla set in 2018 and after agreeing to the deal, the firm believes the amount should be...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPoliticsTrade

Elon Musk now says he opposes US tariffs on Chinese EVs

Tesla founder Elon Musk told tech investors in Paris on Thursday that he was against tariffs on Chinese electric vehicles, intended to boost...

FILE PHOTO: A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018. Picture taken June 22, 2018. REUTERS/Stephen Lam/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla drops annual goal of 20 million vehicles in impact report

Tesla impact report makes no mention of aspiration to sell 20 million cars a year by 2030, as company shifts its focus to...

FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday, May 23, 2024. (AP Photo/David Zalubowski, File)
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EV maker Tesla breaks ground on Shanghai storage battery factory

Tesla Megapack factory construction begins, with aim to start mass production of the battery storage units by early 2025.

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