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Tesla's 2018 compensation package for CEO Elon Musk, currently under appeal, could significantly impact the company's profits. If the appeal fails, Tesla may face a $26 billion hit to profits over two years. Even if successful, Musk's new pay package could pressure profits over the next decade. The Delaware Supreme Court's decision is crucial, as it could either validate or invalidate the previous compensation package, affecting Tesla's financials and shareholder value.
Tesla is urging Chinese buyers to purchase Model Y inventory cars to ensure delivery within this year and benefit from favorable tax policies. Customized Model Y vehicles have wait times of up to 13 weeks, potentially delaying delivery to 2026. The Model Y offers various options, with prices starting at RMB 263,500. China's NEV purchase tax exemption continues through 2025, with reduced benefits in 2026-2027. Tesla's October retail sales in China were the lowest since November 2022.
Autonomy, a long-term EV subscription app, is expanding its fleet by adding over 1,000 Polestar, Volvo, and Tesla EVs. The company, which currently offers Tesla Model 3 rentals, secured a $25 million loan to support this expansion. The new lineup will include recent model-year cars and certified pre-owned EVs. Autonomy aims to make car subscriptions as easy as streaming a movie, with a minimum rental period of 30 days. The service is available in several US states and includes various benefits such as maintenance and roadside assistance.
Edenred SE has integrated Tesla into its European fast-charging network for electric and hybrid vehicle fleets, enhancing charging infrastructure and services for fleet operators. This collaboration supports sustainable mobility adoption in Europe.
Google rises 3%, Gemini 3 Pro tops the "Large Model Arena" LMArena rankings
