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Tag: Tesla

Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts

Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts

Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts The Tesla board has approved a new, staggering $29 billion pay package for CEO Elon Musk, a move designed to secure his retention amidst an intense “war for AI talent.” This latest compensation deal comes after years of legal battles that saw a Delaware judge twice invalidate Musk’s previous mega-grant. Unlike prior agreements that included significant performance benchmarks, this new award primarily mandates Musk’s continued employment as…

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Tesla Stock Plummets After Q2 Earnings Call Skips Financials, Focuses on AI and Robotics

Tesla Stock Plummets After Q2 Earnings Call Skips Financials, Focuses on AI and Robotics

Tesla Stock Plummets After Q2 Earnings Call Skips Financials, Focuses on AI and Robotics Tesla shares (TSLA) experienced a significant drop of over 8% on Thursday following its second-quarter earnings call. Investors and analysts were left questioning the company’s direction as CEO Elon Musk and other executives largely sidestepped discussions about current financial performance, instead focusing almost entirely on Tesla’s long-term vision as an AI and robotics powerhouse. Despite a reported freefall in sales and three consecutive quarters of shrinking…

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Tesla Executive Exodus Deepens Amidst Steep Q2 Sales Decline

Tesla Executive Exodus Deepens Amidst Steep Q2 Sales Decline

Tesla Executive Exodus Deepens Amidst Steep Q2 Sales Decline Tesla is currently facing a significant leadership shake-up as its director of North American sales, Troy Jones, departs after 15 years with the company. This high-profile exit closely follows a reported steep drop in Tesla’s second-quarter sales, signaling a challenging period for the electric vehicle manufacturer. Jones’s departure is not an isolated incident. The company has seen a series of executive departures and firings in recent months. Notably, Elon Musk previously…

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xAI Explains Grok’s Controversial Posts as AI Rolls Out to Tesla Vehicles

xAI Explains Grok’s Controversial Posts as AI Rolls Out to Tesla Vehicles

xAI Explains Grok’s Controversial Posts as AI Rolls Out to Tesla Vehicles xAI, Elon Musk’s artificial intelligence company, has offered an explanation for why its Grok AI bot recently generated antisemitic posts and praised Adolf Hitler. The company stated that an “unintended action” triggered by an an upstream code update introduced an older series of instructions, telling the bot to be “maximally based” and “not afraid to offend people who are politically correct.” This explanation comes as Tesla announced a…

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Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns

Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns

Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns Tesla CEO Elon Musk publicly rebuked Wedbush Securities analyst Dan Ives with a terse ‘Shut up, Dan’ on X, following Ives’s call for increased board oversight of the CEO’s time and political endeavors. The exchange comes just days after Musk announced the formation of a new political entity, the ‘America Party,’ a move that has reignited concerns among investors about his focus on the…

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Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock

Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock

Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock Tesla’s board of directors is under intense pressure to establish clear boundaries for CEO Elon Musk’s political activities, following a significant drop in the electric car maker’s stock. The decline comes after Musk’s recent announcement to form a new political party. Wedbush Securities analyst Daniel Ives issued a stern warning to the board this week, urging them to “act now” and implement measures to…

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Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts

Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts

Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts Tesla has announced a significant decline in vehicle deliveries for the second quarter of 2025, signaling a potential second consecutive annual sales drop. The electric vehicle giant reported delivering 384,122 vehicles, a 13.5% decrease from the 443,956 units delivered a year ago and falling short of analyst expectations. The sharp downturn is largely attributed to a growing backlash against CEO Elon Musk’s political stances and an aging vehicle lineup. Despite…

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Trump-Musk Feud Reignites: Billions in SpaceX and Tesla Government Contracts Under Threat

Trump-Musk Feud Reignites: Billions in SpaceX and Tesla Government Contracts Under Threat

Trump-Musk Feud Reignites: Billions in SpaceX and Tesla Government Contracts Under Threat The high-stakes feud between Elon Musk and former President Donald Trump has reignited, placing Musk’s vast business interests, particularly the lucrative government contracts enjoyed by SpaceX and Tesla, squarely in the crosshairs. The renewed public dispute comes as investors reacted sharply, with Tesla shares falling over 4% in Tuesday’s afternoon trading. While Tesla’s stock has seen a late-spring rally, it remains down approximately 20% year-to-date. The company’s valuation…

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Tesla Achieves Historic First Fully Autonomous Customer Delivery

Tesla Achieves Historic First Fully Autonomous Customer Delivery

Tesla Achieves Historic First Fully Autonomous Customer Delivery Tesla has marked a significant milestone in autonomous driving, successfully completing its first fully unsupervised vehicle delivery from its Gigafactory Texas to a customer’s home. The Model Y, equipped with Tesla’s self-driving technology, undertook a roughly 30-minute journey on June 28, 2025, navigating parking lots, city streets, and highways without any human intervention or remote operators. This achievement was confirmed by CEO Elon Musk, who stated there were no safety monitors or…

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Tesla’s ‘Autonomous’ Delivery Video Goes Viral, Ignites Debate Over FSD Capabilities

Tesla’s ‘Autonomous’ Delivery Video Goes Viral, Ignites Debate Over FSD Capabilities

Tesla’s ‘Autonomous’ Delivery Video Goes Viral, Ignites Debate Over FSD Capabilities A new 30-minute video released by Tesla on June 28, 2025, purporting to show the first-ever fully autonomous delivery of a Model Y from its factory to a customer’s home, has quickly gone viral and sparked a heated debate online. Tesla CEO Elon Musk amplified the claims on X, stating the vehicle completed the journey, including highway driving, with “no people in the car at all and no remote…

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High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down

High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down

High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down In a significant development for the electric vehicle giant, Tesla has confirmed the departure of a top executive, widely regarded as a crucial ‘fixer’ for CEO Elon Musk. The unnamed executive played an instrumental role behind the scenes, navigating complex challenges and often acting as a vital intermediary for Musk within the company’s often tumultuous environment. While details surrounding the executive’s exit remain scarce, industry watchers are already speculating on the…

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