Tesla board members agreed to $735 million legal settlement

Tesla board members agreed to $735 million legal settlement

The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Tesla did not respond to a request for comment. The directors acted in good faith and in the best interests of Tesla stockholders but agreed to settle to eliminate the risk…

Lamborghini buyers race to own carmaker’s first plugged model

Lamborghini buyers race to own carmaker’s first plugged model

It’ll take Lamborghini until 2028 to introduce its first fully electric model, while Ferrari is targeting 2025, years later than more conventional automakers. Germany successfully challenged the European Union’s planned combustion-engine tires from 2035 and pushed to allow synthetic fuels, in a bid to protect the likes of Porsche and Lamborghini. While the Revuelto is…

How carbon-neutral e-fuels could extend the life of the ICE vehicle

How carbon-neutral e-fuels could extend the life of the ICE vehicle

To be sure, e-fuel won’t be traveling through nozzles at public stations anytime soon. Refiners have a lot of work to do in perfecting high-volume methods to produce e-fuel in enough quantity and at a comparable cost to gasoline. And there are other issues, too. For example, producing e-fuel requires a lot of water, which…

Musk is willing to bet Tesla profit margins on autonomous cars

Musk is willing to bet Tesla profit margins on autonomous cars

The dream of a truly self-driving car has animated the auto industry for years, and Tesla’s CEO has been one of its loudest proponents. But the company has yet to deliver on the promises of robotaxis dominating the roads. Tesla offers a system it calls Full Self-Driving that, contrary to its name, merely assists human…

The Kia EV9 large electric crossover will be made in Georgia

The Kia EV9 large electric crossover will be made in Georgia

Kia’s three-row EV9 crossover promises to bring a similar mix of utility and style to the North American electric vehicle market, the automaker said. The EV9, presented Wednesday at the New York auto show, is the flagship model for Kia’s global transition to EV technology, according to the brand, and follows the 2022 North American…