Tesla shareholders approve Elon Musk’s $1T pay package
The proposal received more than 75% approval. Musk can earn the $1 trillion in shares over the next 10 years if Tesla hits a number of milestones.
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Tesla shareholders approve Elon Musk’s $1 trillion pay package
Tesla shareholders voted Thursday to approve Elon Musk’s staggering new pay package, in a move aimed at retaining the controversial CEO’s leadership during a time of great upheaval for the automaker. Over 75 percent of shares voted in favor of the proposal. The vote gives Musk enormous sway over his electric vehicle company, as well […]
Ford execs reportedly discuss ending the F-150 Lightning
Production was already paused as Ford prioritizes gas and hybrid versions of the truck. The Lightning has been on the market for three years.
Thousands of flights in danger of cancellation as FAA announces major cuts
The government shutdown-spurred airport chaos is about to get a whole lot worse. The Federal Aviation Administration said Wednesday it will reduce flight volumes by 10 percent across 40 major airports in response, a move that could threaten 3,000 to 4,500 flights daily. The cuts will affect “high volume” markets, including in Atlanta, Dallas, New […]
Will Tesla shareholders vote to make Elon Musk the first trillionaire?
On Thursday, Tesla shareholders will vote on whether to grant Elon Musk an enormous pay package, the largest ever awarded to a chief executive by orders of magnitude, or risk him leaving the company in a huff. If this sounds weirdly familiar, it’s because the same thing unfolded nearly a year ago. At the 2024 […]
The Czinger 21C is a halo car for the future military-industrial complex
Countless cars have received military-grade marketing over the years, their performances likened to some form of ordnance or another. Saab was notorious for leaning on its aeronautical origins, and it’s hard to imagine what kind of state Jeep would be in today without literally parading its olive drab roots at every opportunity. But not since […]
Anker-backed hybrid RV startup Evotrex comes out of stealth
Evotrex joins startups like Lightship, Pebble, and Grounded in trying to disrupt the RV market, which is skewing younger.
How deep-sea mining could threaten a vital ocean food source
The race to mine battery minerals from the ocean floor would create a new stream of waste that could rob sea life of a critical food source, according to new research published today in the journal Nature Communications. That could have far-reaching effects across the ocean, potentially reaching larger fish like tuna that people depend […]
Blue Origin plans second launch of New Glenn mega-rocket on November 9
Blue Origin’s first New Glenn launch in January mostly went well, and now the long-delayed second mission is finally ready for takeoff.
Lucid Motors’ chief engineer leaves after 10 years
Eric Bach, who was once the director of engineering at Tesla, is out amid a larger executive shakeup at the company.