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Elon Musk - 1 Tesla - 1 ” - 1 Chancellor Kathaleen McCormick - 1 Chancellor McCormick’s - 1 Bernstein - 1 Litowitz - 1 Berger - 1
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Search resuls for: "EV maker’s"


8 mentions found


☆ Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
  + stars: | 2024-12-02 | by ( Lora Kolodny | ) www.nbcnews.com   time to read: +2 min
Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway the judge in the Delaware business court after the trial to reverse her opinion rescinding the CEO’s pay plan. Excluding all of the options wrapped up in the pay package, Musk is more than $43 billion richer since Donald Trump’s election victory last month. The Tesla stock Musk still holds is worth close to $150 billion based on Monday’s closing price.
Persons: Elon Musk, Tesla, ”, Chancellor Kathaleen McCormick, Chancellor McCormick’s, Bernstein, Litowitz, Berger, Grossmann, Musk, Judge McCormick, “, Donald Trump’s Organizations: EV, Delaware Supreme, Tesla, SpaceX Locations: Delaware, Austin , Texas, Texas
☆ Jeep Maker Stellantis Plans to Invest 1.5 Billion Euros in Chinese EV Manufacturer Leapmotor
  + stars: | 2023-10-26 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +1 min
BANGKOK (AP) — Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday. The European-based maker of Jeep and Ram and Leapmotor said in a joint statement that they have formed a strategic partnership and joint venture that aims to expand the Chinese EV maker’s sales both inside and outside of China. Stellantis said it expects to benefit from Leapmotor’s “tech-first EV ecosystem” in China to meet its own targets for shifting to electric vehicles. The companies said the 51% Stellantis-led joint venture will have exclusive rights to export and sell Leapmotor’s vehicles outside China. Leapmotor has focused on the mid- to high-end of the EV market in China, selling 111,000 electric vehicles in 2022.
Persons: —, Leapmotor, Stellantis, BEV Organizations: EV, Hong Kong, Fiat Chrysler Automobiles, French PSA Group Locations: BANGKOK, Leapmotor, China, Hangzhou, Hong, Amsterdam
☆ Xpeng’s Didi deal is smart shortcut to growth
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
An Xpeng P5 electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. It’s buying compatriot Didi’s smart EV unit and paying $744 million, or 3.25% of its own stock. For its part, Didi seems to have given up its ambition to break into capital-intensive EV manufacturing, and that’s probably a smart move for a company stuck in listing limbo. It’s unclear if the deal with Didi will dilute VW’s shareholding but Xpeng’s worth is at least rising. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Aly, Didi, that’s, Li Auto, BYD, Una Galani, Thomas Shum Organizations: Auto Shanghai, REUTERS, Rights, Reuters, HK, Volkswagen, EV maker’s, X, Thomson Locations: Shanghai, China
☆ Rivian to Lay Off 6% of Workforce in EV Maker’s Second Round of Job Cuts
  + stars: | 2023-02-01 | by ( Nora Eckert | ) www.wsj.com   time to read: 1 min
Rivian Automotive Inc. plans to initiate another round of layoffs, the latest in the electric-vehicle startup’s efforts to preserve cash as it confronts challenges scaling its business. In a note to employees sent Wednesday, Chief Executive RJ Scaringe said Rivian plans to trim another 6% of its workforce, mirroring a cut of the same size made last summer in response to inflationary pressures and an uncertain economic climate.
☆ Half-Price Tesla Stock Is Still No Bargain
  + stars: | 2022-12-12 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
After a horrible few months for Tesla shareholders, the question is just how far the comparison goes. Tesla shares have roughly halved this year, worse than most of the EV maker’s big peers in both the auto and tech industries. Much of the underperformance has come in the past three months, amid two broad concerns. One is that demand for its products is no longer racing ahead of increasing supply, particularly in China. The other relates to risks surrounding Chief Executive Elon Musk’s purchase of Twitter, which came together in October.
☆ Elon Musk has criticized Apple for years. Apple has mostly ignored him.
  + stars: | 2022-11-30 | by ( Kif Leswing | Lora Kolodny | ) www.nbcnews.com   time to read: +9 min
This week, Musk claimed in a tweet that Apple had mostly stopped advertising on the Twitter platform. Apple is not alone in reducing its campaigns on the social media platform since Musk took over. If the so-called “Apple Car” ever came to market, Tesla and Apple would be direct competitors. Cook and MuskHave Apple CEO Tim Cook and Musk ever spoken in depth? Around 2016, according to the book, Musk and Cook spoke about Apple potentially acquiring Tesla.
☆ Tesla slashes China prices by up to 9% as analysts warn of 'price war'
  + stars: | 2022-10-24 | by ( Reuters Staff | ) www.reuters.com   time to read: +4 min
FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker's showroom in Beijing, China January 5, 2021. China Merchants Bank International (CMBI) said Tesla’s price cuts underlined the growing competitive risk for EV makers in China, with industry-wide sales projected to slow into 2023. “The price cuts underscore the possible price war which we have been emphasising since August,” said Shi Ji, an analyst with CMBI. Analysts are warning of a growing car inventory glut for autos in China, where auto sales growth slowed in September while EV sales rose at their slowest pace in five months. But Tesla has also regularly adjusted prices of its cars in China, including reductions, reflecting government subsidies.
☆ Tesla shares fall further as it cuts price on cars in China
  + stars: | 2022-10-24 | by ( ) edition.cnn.com   time to read: +3 min
The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are the first by Tesla in China in 2022, and come after Tesla began offering limited incentives to buyers who opted for Tesla’s insurance last month. Shares of Tesla (TSLA) fell nearly 4% in US premarket trading on the report about lower prices for its cars in China. The price cuts come after Tesla CEO Elon Musk said last week that “a recession of sorts” was under way in China and Europe and Tesla said it would miss its vehicle delivery target this year. “The price cuts underscore the possible price war which we have been emphasizing since August,” said Shi Ji, an analyst with CMBI. But Tesla has also regularly adjusted prices of its cars in China, including reductions, reflecting government subsidies.
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