News
Chevrolet Bolt EV owners may have trouble with parking after battery recalls
Chevrolet Bolt EVs have been in the news quite frequently as of late due to their extensive recall from General Motors due to battery cell malfunctions that could cause fires. However, a parking lot is taking precautions to an extreme measure by banning Bolt EVs from their facility due to the recalls, which have been heavily covered in the past few weeks.
The Bolt EV has had recalls three times over the past year due to battery issues. The first was in November 2020, with the second and third coming within the last several months after battery malfunctions in cells provided by LG Energy Solutions could have “the simultaneous presence of two rare manufacturing defects in the same battery cell.” GM’s second recall covered 69,000 vehicles total. Still, the company then decided to extend the recall by spending an additional billion dollars on other vehicles that were not listed in the initial recalls “out of an abundance of caution.” So far, GM has spent $1.8 billion on the recall since Q2.
How the Chevy Bolt EV became GM’s 1.8 billion dollar problem
GM encouraged owners to limit their state of charge to 90% and avoid depleting their battery below 70 miles of remaining range when possible. Additionally, owners were encouraged to park their vehicles outside after charging and not charge their cars overnight as a precaution.
Because of the mass amount of media attention the Bolt EV recall has received, some entities are now banning the vehicle’s presence on its premises. A parking lot in San Francisco is one example.
A sign was seen at the lot by Reddit user u/scarls13, who took a picture of the warning that read:
“For customer safety:
CHEVROLET BOLT EVs are STRICTLY PROHIBITED from parking at this facility.
Thank you for your compliance!”
The owner of the lot likely was taking a necessary and understandable precaution, but this sort of message could be detrimental to the development of electric vehicles. Just as media coverage fixates on instances of Tesla Autopilot irresponsibilities, EV fires, and commonly spread misinformation regarding EVs in general, the Bolt EV story has become a mainstay of fear for those who are still skeptical of the EV movement. It is important to remember that GM, Chevrolet, and LG Energy Solutions have taken drastic steps to fix the issue, even recalling non-effected vehicles to have battery packs replaced to prevent further events of combustion.
Statistically, EV fires are not a common occurrence. FEMA stated that 171,500 vehicle fires occurred annually on average between 2014 and 2016. Only 10 of these fires were Bolts, and ICE vehicles made up a vast majority of the vehicles that caught fire. The 269 million vehicles on the road in the U.S. in 2016 and one in 1,569 fossil fuel-powered vehicles caught fire during that time. Furthermore, there were 1.2 million EVs in China in 2018, but one in 30,000 vehicles caught fire. This effectively means that an ICE vehicle was twenty-times more likely to catch fire than an EV, according to Forbes.
Of course, it is understandable to be preventative and safe, but the Bolt EV fires are still a statistically rare occurrence. GM admitting its wrongs and pushing toward full replacements of battery cells to prevent future instances of fires should begin to take control of signs like the ones above, but lot owners are within their rights to refuse service to anyone for any reason.
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Tesla has tentatively scheduled its unveiling event for the Roadster’s next-generation iteration, and you will not believe the date the company picked for it.
Tesla CEO Elon Musk said during the 2025 Annual Shareholders Meeting that the company is aiming for an April 1 demo event.
Yes, April Fools’ Day.
🚨 Tesla’s unveiling event for the Roadster Gen 2 is scheduled for April 1, 2026.
Yes, April Fools’ Day. pic.twitter.com/sw09GUYFPV
— TESLARATI (@Teslarati) November 6, 2025
Tesla originally aimed for its “most epic demo” to take place at the end of this year. However, the writing on the wall as 2025 winds down seemed to indicate the company was not quite ready to show off everything it plans to implement into the Roadster.
Its capabilities have been teased quite heavily throughout most of the year, but the biggest hints came last week when Musk appeared on the Joe Rogan Experience Podcast.
He said:
“Whether it’s good or bad, it will be unforgettable. My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars. I think if Peter wants a flying car, he should be able to buy one…I think it has a shot at being the most memorable product unveil ever. [It will be unveiled] hopefully before the end of the year. You know, we need to make sure that it works. This is some crazy technology in this car. Let’s just put it this way: if you took all the James Bond cars and combined them, it’s crazier than that.”
The Roadster has been somewhat of a letdown, at least in its newest version, thus far. Tesla has routinely delayed the project, putting those who put lofty down payments on the car in a weird limbo, lost at what to do.
One notable pre-orderer cancelled his reservation last week and got in a spat with Musk about it.
Now that there is a definitive date for the Roadster unveiling, Musk and Co. should have a more definitive cutoff date for features and capabilities. Chief Designer Franz von Holzhausen said earlier this year that when they showed Musk what they had done with the Roadster, the CEO encouraged them to do even more with it.
This delayed things further.
Musk also said he believes production would begin between 12 and 18 months after the unveiling, putting it out sometime in 2027.
Elon Musk
Tesla (TSLA) shareholders officially approve Elon Musk’s 2025 performance award
To earn his landmark pay package, Musk would be required to lift Tesla’s market capitalization from about $1.1 trillion today to $8.5 trillion over the next decade.
Tesla (NASDAQ:TSLA) CEO Elon Musk has officially approved his 2025 Performance Award, a landmark pay package that could make him the world’s first trillionaire and make Tesla the most valuable company in the world by a mile.
The 2025 CEO Performance Award was officially approved by Tesla shareholders at the 2025 Annual Shareholder Meeting.
Elon Musk‘s landmark pay package
As per Tesla, more than 75% of the shareholders approved Elon Musk’s 2025 CEO Performance Award. It was then unsurprising that the approval of Elon Musk’s pay plan received overwhelming applause from the event’s attendees.
The CEO took to the stage with much enthusiasm, welcoming every shareholder to the event and dancing briefly on stage. Optimus also danced on stage smoothly, demonstrating its improved movements to much appause.
Elon Musk’s 10-year targets
To earn his 2025 CEO Performance Award, Musk would be required to grow Tesla’s market capitalization from about $1.1 trillion today to $8.5 trillion over the next decade. At that level, Tesla would surpass every major public company in existence. The compensation plan also requires Tesla’s operating profit to grow from $17 billion last year to $400 billion annually.
Apart from leading Tesla to become the world’s biggest company in history, Musk is also required to hit several product targets for the electric vehicle maker. These include the delivery of 20 million Tesla vehicles cumulatively, 10 million active FSD subscriptions, 1 million Tesla bots delivered, and 1 million Robotaxis in operation.
The 2025 Tesla Annual Shareholder Meeting from Gigafactory Texas is set to kick off at 4 p.m. EDT, 3 p.m. CDT.
The company will be having its typical presentation for the event, where CEO Elon Musk, along with other executives will discuss things like future products, the outlook of its self-driving development, potential releases for next year, and some current events within the company.
However, this year’s Shareholder Meeting has slightly more implications than others, as Investors and Shareholders have spent the last several months petitioning and supporting one of the proposals on the docket that could be the deciding factor in Musk staying or leaving Tesla.
Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation
Proposal four outlines a new compensation package for Musk that could give him $1 trillion in shares if he is able to complete a variety of lofty goals related to production, self-driving, and other important company projects.
Musk has said that he is truly after more influence on company decisions, especially as the Tesla Optimus program is ramping up and becoming a more relevant part of the company’s story.
The CEO said during the Q3 Earnings Call that he would not feel comfortable developing an “army of robots” if he did not have a comfortable amount of influence in some of the decisions. He could be voted our or out-influenced by what he calls “activist shareholders.”
One of those investors came after his past pay package, which was approved by shareholders not once, but twice. Musk still was not able to obtain the pay because of a Delaware Chancery Court ruling.
Nevertheless, this is one of the last ditch efforts Tesla is making to get Musk the compensation that he wants.
The meeting is set to kick off at 3 p.m. local time in Austin. You can watch it via the livestream on X:
Here is the link to Tesla’s 2025 Annual Shareholder Meeting:https://t.co/29dN4gkMWY
— TESLARATI (@Teslarati) November 6, 2025
Tesla schedules Roadster unveiling event, and you won’t believe when it is
Tesla (TSLA) shareholders officially approve Elon Musk’s 2025 performance award
Tesla 2025 Annual Shareholder Meeting: How to watch
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