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Tesla’s Model S,3,X lineup makes it to Turo’s list of most popular cars
Popular car rental platform Turo has revealed that electric vehicles are beginning to become incredibly popular among its users. Leading this influx of EVs is Tesla’s entire lineup of vehicles, the Model S, Model 3, and Model X; all three of which have made it to Turo’s list of most popular cars on its platform.
The growth of electric vehicles in Turo has been notable over the past years. In a statement to Ars Technica, Turo noted that the supply of electric cars grew by 1.5 times the rate of hybrids and internal combustion vehicles in 2017 and 1.6 times in 2018. Demand for electric cars also grew 1.4 times the rate of hybrids and conventional cars in 2017 and 1.5 times in 2018.
The growth in both supply and demand for EVs in Turo runs parallel to the increase in the number of Teslas available for rent on the platform. According to the company, there were only 67 Teslas listed in 2014, but by April 2019, there were over 6,000 on the site. Last year, the Tesla Model S ultimately became the 6th most popular car on its platform based on gross revenue. The Tesla Model X and Tesla Model 3 were listed as the 10th and 11th most popular vehicle for 2018 as well.
Turo CEO Andre Haddad, who personally owns a Model S, Model 3, and Model X, was impressed with the rise of Tesla’s electric cars in the car rental platform. “It’s fascinating to see how popular EVs have become over the last year. The Model 3 only showed up last spring, then started to take off in the summer as more people got their cars. And in Q4 2018, the Model 3 had overtaken the Model X. Analytically, we realize that EVs continue to be more expensive to acquire than an internal combustion engined vehicle, so the economic reality for sharing is more valid. Secondly, the cost of running an EV is a lot lower, so you can earn more per mile as an EV host,” he said.
Haddad further noted that electric car rentals serve two types of people: those who want easy access to an EV and those contemplating an electric vehicle purchase. “There are people who already drive EVs at home and are traveling to a location where they need a car and can get an EV more easily on Turo than they can anywhere else. We’re uniquely positioned compared to the conventional rental car guys in that regard. The second segment are people considering buying an EV and making the switch, and who use Turo to have an extended test drive over a weekend or week. They can try it on their commute or frequent use cases to see if fits with their lifestyle. I’d estimate that half my guests are in category one; the other half are category two,” he said.
While only eight years old, Turo has become a disruptor of the car rental industry, with the company estimated to have around 4 million users and 170,000 available vehicles for rent. The company has been expanding its operations in areas beyond the United States such as the Canadian provinces of Alberta, Ontario, and Quebec. The service is also available in Germany and in the United Kingdom. As Tesla continues its Model 3 push into the international markets, the number of electric cars in Turo’s platform could very well see more prominent increases in the near future.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
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Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
