How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
Mercedes-Benz Vision EQXX concept breaks record with 746-mile trip on a single charge
Records are meant to be broken, even if you are the one that set them. On Thursday, Mercedes-Benz announced the Vision EQXX electric car concept broke its own distance record after driving 746 miles on a single charge. The trip saw the EQXX drive from Stuttgart, Germany to Silverstone race track in the UK, and wrapped up the last bit of charge... Biden’s proposed gas-tax holiday has a lot of skeptics, from economists to environmentalists
President Biden on Wednesday asked Congress for a three-month federal gas-tax holiday. Aimed at providing relief from high gas prices brought on by Russia's invasion of Ukraine, the policy is already drawing skepticism. If Congress approves the tax holiday, current federal fuel taxes of 24 cents per gallon for gasoline and 18 cents per gallon for... With in-wheel motors, Lightyear claims most efficient production powertrain in the world
The Lightyear 0 solar-assisted electric car will use in-wheel motors from Slovenia's Elaphe as part of what Lightyear claims will be the most efficient powertrain in any production car. Lightyear announced the partnership with Elaphe earlier this month, claiming in a press release that the two companies work together to achieve "world-class... Toyota BZ4X and Subaru Solterra recalled for loose wheels
The BZ4X, Toyota's first mass-produced global EV, is being recalled for an increased risk that the wheels could loosen and come off the vehicle. The recall applies to the jointly developed Subaru Solterra as well, according to a report from Reuters on Wednesday. Sharp turns or sudden braking could cause a wheel bolt to loosen, which can cause the... Polestar 5 confirmed with 884 hp, 800-volt architecture
The Polestar 5 flagship EV will feature an 800-volt electrical architecture and powerful dual-motor all-wheel drive powertrain, Polestar confirmed Wednesday in a press release. Together, the two motors produce 884 hp and 663 lb-ft of torque. Polestar didn't break down specific outputs for each motor, but noted that the rear motor is more powerful... Union-made bonus for EV tax credit proposal is gone, Manchin confirms
Democratic senator Joe Manchin on Tuesday said a proposed $4,500 EV tax-credit bonus for union-made vehicles is now gone from the Senate's version of the Build Back Better Act, according to Automotive News (subscription required). The bill, which was passed by the House of Representatives last year but has been held back by the Senate, includes a... Volkswagen teases US-bound ID.Aero electric sedan, due in concept form June 27
Volkswagen plans to show an electric sedan concept June 27. Called the ID.Aero, it previews a future production model bound for the United States. The concept will share a design language and MEB platform with other ID-family models, VW said Wednesday in a press release. But at 16.4 feet long, it's possibly the largest-footprint model to be built... Tesla Model Y, Model 3 are the most American-made vehicles, annual study finds
Tesla vehicles took four of the top six spots in the 2022 American-made Index, from Cars.com. The Tesla Model Y and Model 3 took the top two spots, as all of those models for the U.S. are made in either California or Texas. The Kentucky-built Corsair, which is offered in a plug-in hybrid Corsair Grand Touring, was ranked third. The Honda Passport... Redwood Materials will help Toyota reuse and recycle hybrid batteries
Toyota on Tuesday announced plans to work with Tesla co-founder J.B. Straubel's Redwood Materials to reuse and recycle batteries from hybrid cars as a way to further reduce its environmental footprint. The partnership will initially focus on the "collection, testing, and recycling" of Toyota hybrid batteries, the automaker said in a press release...