Author: john@provenroi.com
Tesla is making big moves in Europe with the announcement of a new research and development (R&D) center set to open in Berlin-Köpenick by 2026. This new facility, located strategically between downtown Berlin and Tesla’s Giga Berlin factory in Grünheide, will serve as a major hub for engineering and innovation in the region. The news was first reported by rbb24 and confirmed by Tesla’s engineering VP Lars Moravy. The R&D center will initially employ around 130 engineers and technicians, with plans to grow the staff to 250 over time. Many of the employees will transfer from Giga Berlin and other…
China is considering banning hidden exterior door handles in vehicles, according to a report from the Chinese outlet Mingjing Pro. This move comes after global criticism of these handles for being finicky, unreliable, and potentially dangerous for first responders. If the ban goes into effect, both Chinese and Western car manufacturers would need to adjust their designs to comply with the new regulation. The introduction of self-retracting, electronic door handles, popularized by the Tesla Model S in 2012, has become a trend in the automotive industry. These handles not only add a futuristic touch to vehicles but also improve aerodynamics…
Tesla recently revealed a groundbreaking new compensation package for CEO Elon Musk in its 2025 proxy statement, which could be worth up to $1 trillion if all milestones are met. The 2025 CEO Performance Award spans a decade and links Musk’s potential payout to Tesla’s market value and ambitious operational goals. For Musk to receive the full award, Tesla’s market capitalization must reach $8.5 trillion, resulting in nearly $7.5 trillion in additional shareholder value. The package consists of 12 tranches, each equivalent to around 1% of the company. To unlock a tranche, Musk must achieve both a market cap milestone…
Tesla Delivers First Model Y in Mumbai as India Rollout Begins Tesla has officially begun customer deliveries in India, with Maharashtra Transport Minister Pratap Sarnaik becoming the first owner of a Model Y in Mumbai. The handover took place on September 5 at the Tesla Experience Center in the city. With this milestone, Tesla has made a significant move into the Indian market, which has been eagerly awaiting the arrival of the electric vehicle (EV) manufacturer. The Model Y is a highly anticipated vehicle in India, known for its sleek design, advanced technology, and impressive performance. During the handover event,…
Tesla CEO Elon Musk Proposed $1 Trillion Pay Package by Board of Directors Elon Musk, the visionary CEO of Tesla, may be on track to become a trillionaire if he can meet a series of ambitious performance targets set by the company’s Board of Directors. The proposed pay package is designed to reward Musk for his exceptional leadership and contributions to Tesla’s success. Since 2017, Musk has not received significant compensation, but he successfully completed his last pay package by delivering substantial shareholder value through performance-based tranches. However, a court ruling prevented him from claiming the award, deeming it an…
Hyundai’s Georgia Metaplant in Savannah, Georgia, has been making headlines today as law enforcement officers, including U.S. Immigration and Customs Enforcement, raided the facility. Reports indicate that about 475 people, mostly South Korean nationals, were detained during the operation. Despite these detainments, Hyundai has assured that car production at the factory will not be impacted. The Savannah Metaplant is a critical facility for Hyundai as it manufactures the Ioniq 5 and Ioniq 9 electric SUVs in the United States. However, today’s raid marked the largest-ever Homeland Security enforcement operation at a single location. According to a statement from Hyundai Motor…
Porsche and Audi owners can now access Tesla’s Supercharger network, providing them with access to over 23,500 charging stalls across North America. This move expands the list of automakers whose EVs can utilize the largest fast-charging network on the continent, following Honda and Acura’s recent integration. According to Porsche, EV customers will have soft launch access to Tesla’s Superchargers starting September 9th. To connect, owners will require a Porsche-supplied NACS DC adapter, allowing CCS-equipped Taycan and Macan Electric models to charge at stations with NACS/J3400 plugs, including Tesla Superchargers. During this soft launch phase, Porsche customers will use the Tesla…
Tesla Superchargers in Grand Prairie and London Now Open [Alberta & Ontario] Tesla has officially switched on two new Supercharger locations in Canada, bringing fast-charging access to Grand Prairie, Alberta and London, Ontario. The first Supercharger in Grand Prairie is located at 10819 106 Avenue in Grand Prairie. This new location will provide Tesla owners in the area with convenient access to fast charging, allowing them to quickly recharge their vehicles while on the go. In addition to the Grand Prairie location, Tesla has also opened a new Supercharger in London, Ontario. This new Supercharger is located at a prime…
Tesla’s Board of Directors has recently put forth a new pay package for CEO Elon Musk, with the potential for $1 trillion in stock offerings if he meets certain ambitious performance targets. This proposal comes after Musk went without significant compensation since 2017, fulfilling his previous pay package by delivering substantial shareholder value through various performance-based milestones. Although Musk was unable to claim his previous award due to a court ruling deeming it an “unfathomable sum,” the company is now taking measures to ensure he receives proper compensation. The Board recognizes Musk’s integral role in Tesla’s success and believes it…
Tesla’s board has put forth a monumental pay package for Elon Musk, potentially reaching a staggering $1 trillion over time. This eye-popping sum is contingent on Musk meeting ambitious goals, including deploying 1 million robotaxis and propelling Tesla to an $8.5 trillion market cap. However, there’s one crucial condition Musk must fulfill to unlock the final two tranches of stock awards – assisting in the selection of a successor for the CEO position at Tesla. The board acknowledges Musk’s indispensable role in shaping the company’s future but also recognizes the inevitability of his eventual departure, given his aspiration to settle…