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Tesla (TSLA) has moved to give Elon Musk about $26 billion worth of shares as part of a new CEO compensation plan – pending shareholder approval. Tesla’s board has announced plans to submit a new CEO award for a shareholder’s vote at the upcoming annual meeting in November. The company’s last CEO award dates back to 2018, but it was rescinded by a judge last year after a long litigation determined that CEO Elon Musk virtually negotiated the award against himself due to his control of the board. In a letter to shareholders, Tesla’s board described the new award, which…
This article is being updated, please refresh later for more content. The initial deployment is planned for 2026 in Germany and the UK, with the fleet size expanding to thousands of vehicles across Europe in the coming years. Baidu has partnered with US ride-hailing company Lyft to deploy robotaxis in Europe, following last month’s announcement of a partnership with Uber Technologies (NYSE: UBER). Lyft will deploy Baidu Apollo Go autonomous vehicles (AVs) in major European markets through its platform, marking a milestone in Baidu’s international expansion, the Chinese tech giant said in a statement today. The initial deployment is planned…
The upcoming BMW iX3 electric crossover is massively more efficient than its predecessor. Despite weighing more than the outgoing model, the new EV promises huge efficiency gains. The figures quoted by BMW’s CEO should make the 2026 iX3 slightly more efficient than the Tesla Model Y. An electric car’s energy efficiency is a big deal. The higher it is, the longer you’ll go on a full charge. (Conversely, the lower energy consumption, the better.) Traditionally, the Tesla Model Y has been an efficiency champion, cutting through the air like a sharp knife and sipping energy from its high-voltage battery to…
Red Bull Racing switched to Honda engines for the 2019 season when it ended a 12-year partnership with Renault. Even though Honda left Formula 1 after the 2021 championship, the turbocharged 1.6-liter V-6 powering the RB21 this year still uses a Honda-developed engine. Over the years, F1 driver Max Verstappen has appeared in various commercials promoting production cars, including the Civic Type R. But from 2026 until at least 2030, RBR will use a new powertrain co-developed with Ford. The four-time F1 champion is already starring in a loosely veiled ad for the Blue Oval. Riding shotgun in an RS200…
The Volkswagen Group had set its sights on bringing Cupra to the United States by the end of the decade. However, the plan announced about a year ago is no longer in place, as the Spanish automaker has “strategically decided to postpone” its entry into the U.S. until after 2030. Why? It cites “ongoing challenges within the automotive industry and in light of evolving market dynamics.” The vague statement doesn’t mention tariffs, but the volatile situation in the U.S. likely played a role in the VW Group’s decision to delay launching the Cupra brand. Originally, the company had intended to…
Nio’s third-generation ES8 SUV has been spotted undergoing road tests, with its fall launch approaching. Nio is expected to launch its new flagship SUV, the ES9, in the first half of 2026. (Image credit: @德卤爱开车 on Weibo) Nio’s (NYSE: NIO) third-generation ES8 SUV (sport utility vehicle) has been spotted undergoing road tests, with its fall release not far off. Car blogger @德卤爱开车 shared several spy photos of what is believed to be the new ES8 on Weibo today, saying that the model looks better in real life than in its regulatory filing photos. The new ES8 may be targeting higher…
The Smart Charging Cube is a portable DC fast charging cabinet. It can charge up to four EVs at a maximum speed of 400 kW. Thanks to a set of huge batteries, it doesn’t need a powerful grid connection. This is the Smart Charging Cube, a modular and portable DC fast charger that can accommodate up to four electric vehicles at once. Its party trick is that it can deliver up to 400 kilowatts of power without needing a powerful grid connection. It can even output up to 1,000 kW if it’s connected to an external Megawatt Charging System (MCS)…
Geely will build a “fast interaction and deep thinking” architecture technology to evolve AI from a task-executing tool to an intelligent assistant capable of handling complex matters. (Image credit: CnEVPost) Geely Auto (HKG: 0175) could become China’s largest and even the world’s largest robotics company, the automaker’s vice president Li Chuanhai said during the 2025 World AI Conference held over the weekend. Geely is the fastest company to achieve the transition from traditional automobiles to embodied intelligence and will also make every effort to guide AI to become a powerful tool for human progress, Li said, according to a video…
The penetration rate of NEVs in retail sales was 54.9 percent in July 1-20, and 50.56 percent year-to-date. So far this year, China’s passenger NEV cumulative retail sales totaled 6.006 million units, up 32 percent year-on-year. (A Geely Xingyuan EV displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost) China’s new energy vehicle (NEV) retail sales performance was weak last week, dragging down this month’s performance. From July 1 to 20, China’s passenger NEV retail sales came in at 537,000 units, up 23 percent year-on-year, but down 12 percent month-on-month, according to data released today by the…
Tesla sales continued to go down in Europe in the first half of the year. The American EV maker recorded a 33% year-over-year drop in sales from January to June. Meanwhile, traditional automakers have charged ahead with solid gains in the region. The numbers are in, and it’s not looking good for Tesla in Europe. After the first six months of this year, the American electric car maker has recorded a steep 33% drop in sales in the European Union, EFTA markets and the United Kingdom, according to preliminary sales figures from Data Force. This has led Tesla to lose…