

News
Tesla CEO Elon Musk’s $56bn pay package decision to come before end of year
Tesla CEO Elon Musk’s $56 billion pay package and whether it will land in his hands will be decided before the end of the year.
Delaware Court of Chancery Chancellor Kathaleen McCormick announced on Thursday that she will make a choice on whether Musk should be awarded the massive sum by the time 2025 is here.
McCormick ruled in January that the massive pay package was “unfathomable” and unfair to Tesla shareholders.
Musk completed a variety of tranches within his pay package that awarded him the sum, but McCormick took it into her own hands to pull the sum from Musk’s grasp.
Shareholders of the electric automaker had already voted to give Musk the pay package years prior. After the January 2024 decision to deem the pay package invalid, Tesla shareholders voted on the pay package once again. They voted in favor of giving Musk the $56 billion for the second time.
McCormick, once again, will have the final say on what happens with the money and whether it will be awarded to Musk. She will also weigh the request by lawyers of the shareholder who sued Musk for the pay package of $1 billion in legal fees in either cash or stock.
Elon Musk’s attorneys plead with Judge to vacate $56bn Tesla pay package decision
After two separate votes by shareholders to award Musk with the massive pay package, it seems like it would be a no-brainer for McCormick to do what seems to be what investors want.
The ratification of Musk’s pay package and whether it will be awarded to the CEO surely holds serious weight. Tesla Board Chair Robyn Denholm said Musk could spend his time in “other places” if the pay package was not approved.
Although shareholders voted overwhelmingly to approve it once again and ratify the pay, Musk could still believe there are better opportunities elsewhere. His many other projects could take up more of his attention, although it seems unlikely Musk would leave as it is getting close to launching Robotaxi in the coming years.
- https://shop.teslarati.com/collections/tesla-cybertruck-accessories
- https://shop.teslarati.com/collections/tesla-model-y-accessories
- https://shop.teslarati.com/collections/tesla-model-3-accessories
Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

News
Hyundai’s $7.6B Georgia plant dodges Trump’s 25% Tariffs

Hyundai’s $7.6 billion Georgia plant dodged U.S. President Donald Trump’s recently announced tariffs on imported vehicles and auto parts.
The South Korean automaker’s Hyundai Motor Group Metaplant America (HMGMA) in Georgia celebrated its opening recently by announcing plans to expand the factory. Hyundai aims to boost production by two-thirds, increasing HMGMA’s capacity from 300,000 to 500,000 vehicles annually.
“This plant couldn’t come at a better time than now. Because definitely all the cars that we would produce here are going to be exempted from any tariffs,” said Hyundai Motor Company CEO Jose Munoz.
President Donald Trump recently announced 25% tariffs on auto imports at the White House. President Trump praised the HMGMA plan in Georgia, commenting it was a “clear demonstration that tariffs very strongly work.”
According to the Associated Press, the Georgia expansion ties into $21 billion in U.S. investments. It includes a $5.8 billion steel mill in Louisiana, which will supply parts for Georgia and Alabama plants.
Hyundai aims to employ 8,500 workers at the Bryan County site. Battery partners are estimated to add 3,500 more jobs. The car company does not have worker estimates for HMGMA’s expansion plans.
Hyundai Motor Group Executive Chairman Euisun Chung said the legacy automaker came to Georgia “to stay, to invest and to grow.”
“Standing here today, I can say I have never been more confident about building the future of mobility with America, in America,” Chung said.
Hyundai started EV production in Georgia six months ago. As of this writing, over 1,200 workers run the massive plant. Hyundai’s Georgia factory builds two electric SUVs now. The IONIQ 5 is already in production. Hyundai will start producing the IONIQ 9 this spring. Hyundai plans to produce hybrids, too. Munoz predicted hybrids would eventually make up one-third of production.
News
Tesla China’s first Megapack exports are headed for a big battery in Australia
The Tesla Megapack batteries are bound for Queensland’s Western Downs battery project.

A few days ago, Tesla announced that the first Megapack battery units from its Shanghai “Megafactory” were being shipped to Australia.
As per recent reports, the massive grid-scale Tesla batteries are bound for Queensland’s Western Downs battery project.
The Shanghai Megafactory
The Shanghai Megafactory is Tesla’s first battery storage factory outside the United States. Built close to Gigafactory Shanghai, the Shanghai Megafactory is expected to supply Megapack batteries to both China and foreign markets.
The Megapack represents a huge portion of Tesla Energy’s deployments. With 3.9 MWh of energy, Tesla notes that each Megapack is enough to power 3,600 homes for an hour. The Shanghai Megafactory has a capacity to produce 10,000 Megapacks per year to start.
Mike Snyder, vice president of Tesla, shared his optimism about the Shanghai Megafactory. “Megafactory gives us the ability to scale production and efficiency. We can lower logistics costs as well as product costs, and grow the business to new markets,” he stated.
Australia Battery Projects
As noted in a report from Renew Economy, the first Megapack shipments from the Shanghai Megafactory will be installed in the second stage of the Western Downs battery project, which is being built by Neoen. The Western Downs battery project involves a 460 MWp solar farm coupled with a 540 MW/1,080 MWh big battery system.
Tesla has also been listed as the battery supplier for the upcoming Calala battery in Tamworth, New South Wales, which will involve 138 Megapack units. The Megapacks for the Calala battery will likely be imported from the Shanghai Megafactory as well.
Data from Rosetta Analytics suggests that Tesla is currently the dominant player in Australia’s energy storage segment, with the company holding over 30% of the market. Tesla has become a notable presence in Australia’s energy sector for years, especially following the company’s buildout of the Hornsdale “big battery,” which was initially comprised of Tesla Powerpacks, in 2017.
Elon Musk
Tesla vehicles hit by ATV, suspect caught by Sentry Mode
Police used security footage from Tesla Sentry Mode to arrest a suspect who damaged 3 Teslas using a mini ATV.

Tesla Sentry Mode caught a suspect hitting Tesla cars with an ATV. A Texarkana man sits in jail after allegedly damaging Tesla vehicles with an ATV on Tuesday, March 25.
The Texarkana Texas Police Department (TTPD) arrested 33-year-old Demarqeyun Cox for reportedly damaging three Tesla vehicles. He faces charges of criminal mischief and failure to identify. According to police, surveillance cameras on the first Tesla damaged revealed Cox using a small ATV to smash into it. The suspect allegedly hit two other Teslas as well.
Tesla Sentry Mode played a big role in providing footage for the police and nabbing the suspect. With Tesla attacks on the rise, Sentry Mode will likely become a more useful feature to owners.
Police received two reports of a suspect damaging Teslas. The first report came from Golden Palace on Summerhill Road, where police retrieved footage from a Tesla vehicle, showing a man on a mini four-wheeler ramming it at full speed. After the first report, officers started searching for the suspect. Then another call reported a damaged Tesla at Lowe’s parking lot.
An officer soon spotted Cox on a mini four-wheeler near Summerhill and New Boston Roads. He matched the man in the video from the Tesla vehicle. Cox gave a fake name at first. However, police were able to correctly identify him and took him into custody.
“In the initial incident, he rammed the car with the four-wheeler, and [in] the two subsequent incidents, he actually used some kind of tool to scratch the word ‘Elon’ into the paint of the vehicles there. He has not told us what his motivation was in doing that is or was,” Shawn Vaughn with TTPD told KSLA local news.
Tesla attacks have grown rampant across the United States as Elon Musk continues to be a divisive figure. People who disagree with Musk’s politics have started vandalizing Tesla vehicles, stores, and Superchargers across the country.
The FBI has created a task force to crack down on the Tesla attacks and labeled them a form of “domestic terrorism.” As of this writing, the Tesla attacks have not resulted in injuries or fatalities.
-
Elon Musk2 weeks ago
Elon Musk roasts owners of this car brand after another Tesla vandalism incident
-
Elon Musk7 days ago
Elon Musk confirms two measures Tesla is taking to fight vandalism
-
News6 days ago
Tesla aiming to produce first “legion” of Optimus robots this 2025
-
News1 week ago
SpaceX rescue mission for stranded ISS astronauts nears end — Here’s when they’ll return home
-
News2 weeks ago
U.S. AG Pam Bondi: Tesla Molotov attack suspect facing up to 20 years in prison
-
Elon Musk2 days ago
Tesla CEO Elon Musk’s simple message to vandals
-
News2 weeks ago
Rivian supports Tesla despite all the Elon Musk hate
-
News4 days ago
Tesla’s Giga Berlin director responds to anti-Musk criticism