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Former Ford CEO predicts Musk Pay Package will pass

(Credit: Tesla)

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Former Ford CEO Mark Fields predicts that Elon Musk’s $56 billion pay package will pass during Tesla’s 2024 Annual Shareholders Meeting later this week. 

“Listen, I strongly believe this is gonna pass. It’s gonna pass with a pretty good margin. Listen, at the end of the day a lot of the shareholders, particularly the ones that have not bought in the last year—the ones that have been bear for quite some time—they made a lot of money. And a lot of them are thinking ‘hey, he made this fair and square.’ So I think it’s gonna pass,” Fields said during an interview with CNBC.

Bernstein analyst Toni Sacchonaghi predicted the potential drawbacks if Tesla shareholders voted against Musk’s $56 billion pay package. He forecasted that TSLA stock would drop if Musk’s pay package is rejected

Fields also discussed the possible repercussions if TSLA investors vote not to pass Elon Musk’s 2018 pay package. He forecasted that Elon Musk might focus less on Tesla or even leave the company if shareholders vote against his $56 billion pay package. However, Musk has been vocal about his commitment to Tesla over the years, making it difficult to picture his departure from the company. 

Fields predicts that Elon Musk might take some talent, including employees working in the AI and robotics department, away from Tesla if he chooses to leave the company. The former Ford CEO believes Musk’s departure from Tesla would be “good news” for legacy automakers.

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“I think one of the biggest impacts is you’re gonna see a high rate of attrition of key talent. Because in Silicon Valley, people don’t necessarily work for companies, they work for people that they respect and drive them. And so if Musk leaves, then I think some of these key people will leave. And I think some of those people that followed people to Tesla will leave as well,” Fields said. 

Tesla Board Chair Robyn Denholm said the company could respond in several ways if Musk’s pay package does not pass. However, she warned that it would cost TSLA shareholders more than the $56 billion pay package. 

If you have any tips, contact me at maria@teslarati.com or via X @Writer_01001101. 

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla has a new first with its Supercharger network

The contrast to the first-ever Tesla Supercharging highway sign is placed directly above the company’s iconic logo: it is the source of energy for what CEO Elon Musk has long sought to replace, gasoline-powered vehicles.

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Credit: MarcoRP | X

Tesla has gotten its first-ever Supercharger highway sign in the U.S. state of Arizona, bringing a big change to the appearance of what usually shows drivers where gas, lodging, and food options are.

Although Tesla has the ability to flex its muscles with its EV prowess and its charging presence in the United States, one thing it has never done before is been recognized on a highway sign.

As EVs have gotten more popular in the U.S., owners have relied on in-car navigation to get them to where they need to be.

Highway signs are still useful, though. They can point travelers in the direction of a nice coffee shop, a notable restaurant, or to a lodging option that might not appear on the in-car navigation.

I like to use them to point me in the direction of the nearest Waffle Shop when I’m on the road.

But for the first time, a Tesla Supercharger is advertised on one of these highway signs:

The contrast to the first-ever Tesla Supercharging highway sign is placed directly above the company’s iconic logo: it is the source of energy for what CEO Elon Musk has long sought to replace, gasoline-powered vehicles.

Perhaps a minor addition to a much broader change in the U.S. automotive sector, it serves as a reminder of how far the company has come in the past few years. Thinking back to just before the COVID-19 pandemic hit, Tesla was not doing anything close to what it is now.

It was delivering just over 100,000 vehicles in a quarter. It was not building the Model Y, and it was mostly reliant on its mass-market Model 3 for the vast majority of its volume, about 90 percent in Q4 2019.

Now, the landscape is changing, and it is changing quickly. Since many North American EV makers have access to the Supercharging infrastructure Tesla has built over the past several years, the advertisement of the location is advantageous for many.

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Elon Musk trolls Tesla stock skeptics after 23 percent one month boost

“A lot of people thought Tesla stock would collapse as the tax credits came to an end this month,” Musk wrote. “Guess not.”

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Elon Musk spent some time trolling Tesla stock (NASDAQ: TSLA) skeptics following the company’s 23 percent boost over the past month.

Tesla’s rally on Wall Street over the past several weeks has completely erased any losses investors felt since the start of 2025. So far this year, shares have risen by over 13 percent.

Most of this has been evident over the past month, as the company has seen a nearly 25 percent increase in the past thirty days.

With the imminent abolishment of the $7,500 EV tax credit, some analysts and investors expected the stock to take a hit. It is no secret that the tax credit’s expiration will impact demand to some extent. In the short term, it has been strong for the company’s delivery outlook in Q3.

Musk trolled those who thought the stock would respond negatively to the tax credit going away:

The strength of Tesla shares over the past several weeks has prompted several analysts to adjust price targets and their firms’ overall outlook with the company’s automotive division, as well as its other projects.

Mizuho analysts pushed their price target from $375 to $450, mostly due to Tesla’s strength moving forward as a leader in the U.S. EV market.

Vijay Rakesh, managing director at the firm, wrote in a note to investors:

“We see TSLA maintaining key leadership in the U.S. BEV market despite some near-term challenges.”

Mizuho raises Tesla (TSLA) price target on stronger 2026 outlook

Some of this strength relies on the rollout of the lower-cost “Model 2,” which Tesla said it built the first production units of in its Q2 Earnings Shareholder Deck.

Goldman Sachs also increased its Tesla price target from $300 to $395, which is still below the current trading levels.

However, the firm is more bullish on the company’s humanoid robotics and autonomy projects:

“If Tesla can have [an] outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target.”

Tesla shares are currently trading at $424.54 at the time of publication.

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China releases draft on door handle design following Tesla scrutiny

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Tesla Model S self-presenting door handle
Tesla Model S self-presenting door handle (Credit: TesBros)

China’s regulatory agency handling automotive concerns has released a draft on what it is considering to be standard for door handle designs on vehicles, following some scrutiny it placed upon Tesla’s designs.

Over the past few weeks, we have reported on two different criticisms Tesla has faced with its door handle designs, one in China and one in the United States. Both will require the company to come up with solutions and potentially new engineering.

Chief Designer Franz von Holzhausen appeared on Bloomberg last week and said the company is already looking to implement something that will bring together the mechanical and electrical releases that the door handles depend on.

Tesla addresses door handle complaints with simple engineering fix

Some vehicles in the Tesla lineup already have mechanical latches on all four doors to enable them to open in the event of a dead battery. However, there are some additional measures that need to be taken.

The first guidelines are being released by the Chinese Ministry of Industry and Information Technology (MIIT), which composed a draft called “Technical Requirements for Automobile Door Handle Safety.”

There are a handful of new standards, including a required mechanical release for every door on the vehicle apart from the trunk. Additionally, there are some other requirements, such as the ability to open side doors from the external handles without the use of tools.

Here are the six guidelines that the MIIT are mulling as requirements (via CarNewsChina):

  • Every door (excluding trunk lids) must feature an external handle with mechanical release functionality
  • In case of accidents involving battery thermal events, non-collision side doors must be openable through external handles without tools
  • External door handles must provide adequate hand operation space of at least 60mm×20mm×25mm, regardless of handle position
  • Every door must include internal handles with mechanical release capability that can open doors without external tools
  • If electric internal handles are installed, mechanical backup handles must also be provided
  • Internal handles must be easily identifiable, clearly visible, positioned within 300mm of door edges, and located within specific zones relative to seating positions

These new standards were developed by the China Automotive Standardization Research Institute, and Deputy Director Rong Hui stated that the organization used 63 vehicle models from 20 different companies to establish these early requirements:

“With the development of automotive electrification, electric concealed door handles have been widely adopted, and the operation methods and structural types of door handle products on the market are increasingly diverse. These standards aim to respond to new technologies and safety requirements.”

The MIIT also did its own research, which utilized 230 different vehicle models’ door handle configurations. Validation testing was performed on more than 20 models.

Tesla’s Planned Adjustments

Based on what von Holzhausen said, Tesla plans to make some adjustments to its door handles, implementing simple fixes.

Tesla plans to combine both the mechanical and electrical releases to help reduce stress in “panic situations.” Franz said the company has a “really good solution for that.”

In regard to the mechanical release, he said, “it’s in the cars now…The idea of combining the electronic and the manual one together in one button, I think, makes a lot of sense.”

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