Tesla's board of directors has proposed a new $1 trillion compensation plan to Elon Musk, contingent on achieving ambitious goals. This includes significant growth in market capitalization, sales of millions of cars, and the development of new technologies.
The 2026 Porsche Cayenne EV will have a wireless charging option using an induction platform. The system operates with 90% efficiency and charges the car as fast as a cable up to 11 kW.
Billionaire Elon Musk received an invitation to a summit of technology leaders at the White House, but does not plan to attend. His representative will be present at the event, where other well-known tech giants are expected.
Tesla's Robotaxi app is now available to all iPhone users. The company is expanding services beyond Austin, Texas.
BMW introduces the new iX3 electric crossover on the Neue Klasse platform, featuring "super brains" and software. This is an ambitious attempt to challenge Chinese competitors and Tesla.
Elon Musk stated that Optimus robots will account for up to 80% of Tesla's value, despite a decline in electric car sales. Deliveries of robots to other companies may begin in the second half of 2026.
Tesla has received only about 600 orders in India since sales launched. This is significantly less than the company expected, raising doubts about its global growth prospects.
An opinion column by financial expert Olena Sosedka.
Toyota's global sales in July grew by 4. 8% thanks to electric vehicles and hybrids. Car production increased by 5.3%.
The European car market showed its largest growth in 15 months, increasing sales by 5. 9% in July. The growth is driven by demand for hybrid and electric vehicles, while Tesla is losing market share.
Elon Musk's startup xAI has filed a lawsuit in a US court against Apple and OpenAI. The accusations concern an illegal conspiracy to impede competition in the field of artificial intelligence.
The most expensive Tesla Cybertruck Cyberbeast pickup truck now costs $15,000 more. The price change occurred without official announcements amid weak sales of the model.
The new 2026 Nissan LEAF will be the most affordable electric car in the USA, starting at $29,990. It offers a range of up to 485 km and fast charging.
Elon Musk abandons the idea of creating his own political party, focusing instead on supporting Vice President J. D. Vance. The billionaire may financially support Vance in the 2028 presidential election.
SpaceX has accumulated nearly $5. 4 billion in tax losses, avoiding federal income tax. The company uses tax benefits, including loss carryforwards, made possible by changes in tax legislation in 2017.
Unplugged Performance introduced the UP Forged Road Warrior forged wheels for Tesla Model 3 and Model Y. They are advertised as "indestructible" with a lifetime warranty and feature a replaceable outer flange.
The US Air Force Test Center plans to acquire 33 target vehicles, including two Tesla Cybertrucks. This is necessary to prepare units for operations by simulating scenarios as close as possible to real-life situations.
The Chevrolet Equinox EV led sales among non-Tesla models in the first half of 2025, surpassing the Ford Mustang Mach-E. In July, GM sold over 8,500 Equinox EVs, marking a record month for any non-Tesla electric vehicle.
A Florida court ordered Tesla to pay $329 million for a fatal 2019 accident involving an autopilot. This is the first time the company's autopilot has been found to be involved in a fatal crash.
Kia America is recalling over 200,000 Telluride vehicles in the US. The reason is a possible detachment of the door handle trim.
Tesla no longer accepts orders for its luxury electric vehicles Model S and Model X in Europe. Buyers can only purchase pre-configured models, while Model 3 and Model Y are available for order.
President Trump will meet with a South Korean trade delegation to negotiate a tariff deal. South Korea is seeking to lower a 25% tariff set to take effect on August 1.
The European Automobile Manufacturers' Association called for additional incentives for electric vehicles after the largest drop in new car sales in 10 months in June. New EV registrations fell by 5.1% to 1.24 million, indicating a slowdown in demand growth.
Elon Musk's Tesla company is experiencing a crisis in the US electric vehicle market due to high prices, lack of charging infrastructure, and decreasing demand. Analysts predict a decline in demand due to tariffs, failed deliveries, and the cessation of subsidies.
Elon Musk announced plans to create a new artificial intelligence-based application called Baby Grok, aimed at a child audience. The project will be implemented by his startup xAI, founded in 2023.
Tesla is working on a new version of the Model 3 sedan, which may have the longest range in the lineup. The new model, named Model 3+, will have a single motor, rear-wheel drive, and LG triple lithium-ion cells.
Tesla has applied for a license to sell a new version of the Model 3 sedan in China. This single-motor rear-wheel-drive version is equipped with a triple NMC battery from LG, which was previously only available in all-wheel-drive models.
In the first half of 2025, Ukrainians purchased 22,000 used passenger cars from the USA, which is 4% more than last year. The most popular models were Tesla Model Y, Tesla Model 3, Ford Escape, Jeep Cherokee, and Nissan Rogue.
Elon Musk stated that he plans to hold a Tesla shareholder vote on investing in the xAI startup. This will deepen xAI's integration into Musk's business empire, despite no merger plans.
Linda Yaccarino, CEO of X Corp. , announced her resignation after two years. The Financial Times reports that the reason was disagreements with Elon Musk, whose direct style clashed with her sophistication, despite the successful expansion of X's advertising business.
