Tag TSLA

U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla violated regulations over board independence at public companies. "New evidence has emerged in recent months that deepen my concerns that Tesla's board lacks independence from Mr. Musk, who uses his control over the board for his personal benefits," Senator Warren said in the letter to SEC Chair Gary Gensler. The Democrat alleged the board has failed to address possible misappropriation of Tesla resources and conflicts of interest arising from Musk's dual role at Tesla and Twitter, now X...

"New evidence has emerged in recent months that deepen my concerns that Tesla's board lacks independence from Mr. Musk, who uses his control over the board for his personal benefits," Senator Warren said in the letter to SEC Chair Gary Gensler. The Democrat alleged the board has failed to address possible misappropriation of Tesla resources and conflicts of interest arising from Musk's dual role at Tesla and Twitter, now X...

Li Auto, Nio, and BYD are all pursuing different paths in China's EV market, the world's largest...

EV companies are starting to hurt as demand fails to live up to expectations...

The majority of Tesla's staff in Germany decided against the IG Metall Union and opted for non-unionised workers for the new works council, the company said on Wednesday in a statement. The IG Metall union still expects to take 16 of 39 seats, making it the largest group in the new Tesla Gruenheide plant works council, the union said in a separate statement. The top German trade union had hoped to gain greater influence over pay and working conditions after it accused the U.S. carmaker of inadequate safety provisions...

The Biden administration announced strict new riles for vehicle emissions but gave automakers more time to comply...

The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan. The Environmental Protection Agency instead adopted a “technology neutral” regulatory scheme that allows automakers far more freedom to meet emissions standards with gas-electric hybrids, which many environmentalists have opposed as a half-measure that delays the EV transition. EPA administrator Michael Regan told reporters the new rules would nonetheless achieve the same greenhouse-gas reductions as the original EPA proposal for a far more aggressive EV transition...

Tesla, Inc. stock is currently in decline, with analysts lowering ratings and negative news emerging. Read more about TSLA stock here...

Tesla looks set to raise Model Y prices across all its key sales regions next month in what many analysts see as a gamble to drum up additional first-quarter sales with the EV giant heading toward a likely delivery miss. Tesla is reportedly increasing Model Y prices in China on April 1, according to local media reports Wednesday. Tesla is expected to increase the Model Y price by $700 in China on April 1...

Rivian may underperform Tesla given the possible slowdown in American EV demand. Check out more details on the RIVN and TSLA stock here...