Forensic analysis has identified the decomposed body discovered in singer D4vd’s impounded Tesla as 15-year-old Celeste Rivas. The Los Angeles County Medical Examiner’s Office has yet to determine the cause of death, and the LAPD is currently without a crime classification or suspect information. The vehicle was impounded after being reported abandoned, and the Riverside County Sheriff’s Office has confirmed the identity of the missing juvenile. D4vd is fully cooperating with authorities, and the singer’s show in Seattle was canceled.
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Lawsuit says Musk’s Tesla hires visa holders instead of Americans so it can pay less, and honestly, it doesn’t come as a shock, does it? The whole scenario plays out in a way that feels almost predictable, given the landscape of corporate practices we’ve witnessed. It’s hard not to feel a sense of “here we go again” when a major company like Tesla is accused of potentially exploiting the H1B visa program for its own financial gain. The accusation specifically points to hiring visa holders over American workers, ostensibly to reduce labor costs.
The alleged strategy, if true, goes beyond just saving money.… Continue reading
While the US job market has slowed dramatically, creating fewer than 30,000 jobs per month, certain individuals are experiencing substantial wealth accumulation. Tesla’s board proposed a compensation package for CEO Elon Musk that could make him the world’s first trillionaire, provided he boosts the company’s value and remains at Tesla. Other tech billionaires like Larry Ellison, Mark Zuckerberg, and Jeff Bezos have also seen their fortunes grow significantly in the same period, highlighting a trend of concentrated wealth. This data indicates a growing disparity between the economic realities of the average worker and the extraordinary wealth gains of a select few.
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Tesla’s board is proposing a new compensation package for CEO Elon Musk potentially worth up to $1 trillion in a decade, which would award him approximately 423 million shares contingent on reaching specific financial and operational milestones. These include significant increases in market capitalization, vehicle deliveries, and production of robotaxis and humanoid robots. This scheme aims to retain Musk as CEO through 2030 amid a critical growth phase for the company, as Tesla’s stock has seen fluctuations. The proposed package comes despite recent legal challenges to Musk’s previous compensation and a recent dip in vehicle sales and profits.
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Tesla’s sales rout in some European markets continues for eighth months, and it’s easy to see why. The current situation feels like a perfect storm of factors, making it clear why sales figures are plummeting like a World War II bomber.
One significant hurdle is the shift towards a subscription model, which isn’t unique to Tesla but is still a turn-off for many potential buyers. People often bristle at the idea of paying extra for features they feel should be included in the base price, especially when competitors offer more attractive packages. This could be particularly true given the initial excitement around Tesla’s innovative offerings.… Continue reading
Tesla almost halves UK monthly lease fee as sales slump, The Times reports. Well, that’s certainly a headline that grabs your attention, doesn’t it? It seems like the electric vehicle market is facing some headwinds in the UK, particularly for Tesla, if we’re to believe the reports. A significant drop in sales – around 60% in July, to be precise, with the Society of Motor Manufacturers and Traders (SMMT) data backing that up – is leading Tesla to make some pretty drastic moves, like slashing those monthly lease fees.
The interesting thing is that this isn’t happening in a vacuum. Overall new car registrations in the UK also dipped in July, though the decline was only about 5%.… Continue reading
Tesla’s board has approved a new compensation package for CEO Elon Musk, potentially worth $29 billion, despite ongoing legal challenges to his 2018 performance award. The package, consisting of 96 million shares at a discounted price, acknowledges Musk’s contributions despite his not receiving meaningful compensation in years. This decision comes as Tesla navigates challenges including falling sales, political backlash due to Musk’s involvement in politics, and a shift towards AI and robotics under his leadership. While Tesla shares have declined this year, the board believes Musk’s focus on AI and robotics will drive future growth.
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Tesla has awarded Elon Musk $29 billion in shares to incentivize him to remain at the company, particularly amidst the intensifying competition for AI talent. This move comes as the company faces a court decision regarding Musk’s 2018 pay package. The board emphasized Musk’s crucial role in leading Tesla’s transformation into an AI and robotics-focused company. The carmaker says if Musk’s 2018 pay deal is reinstated, he will forfeit the latest share award to avoid a double-dip.
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Tesla’s second-quarter deliveries significantly dropped, marking a potential second straight annual sales decline due to waning demand and brand damage from CEO Elon Musk’s political actions. The company delivered 384,122 vehicles, falling short of analyst expectations, even after a refresh of its Model Y crossover. Despite the launch of a limited robotaxi service, and plans for a cheaper vehicle, analysts predict a tough challenge for Tesla to meet Musk’s goal of a sales turnaround, especially considering a record number of deliveries needed in the second half of the year.
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Tesla experienced a record sales decline, selling 384,122 cars in the quarter, a 13.5% decrease year-over-year, marking the largest drop in its history. This decline is attributed to brand damage from CEO Elon Musk’s political activities and increasing competition from both Western and Chinese automakers. Despite the sales drop, shares initially rose due to exceeding some analyst forecasts, and potential for growth with the rollout of its robotaxi service. Tesla is also at risk of losing its title as the world’s largest EV maker to Chinese automaker BYD.
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John Q. Hosedrinker 
Matt Underwood