News
EV chargers outnumber gas stations in the UK for the first time
Japanese automaker Nissan has recently revealed that for the first time, electric car charging locations have outnumbered gas stations in the UK. According to the carmaker, there are 9,199 active EV charging stations in the country as of August, compared to 8,396 open gas stations.
The UK’s first gas station was opened almost a hundred years ago at Aldermaston in Berkshire, peaking in 1970 when there were 37,539 open stations across the country. The number of refueling stations have decreased since then. Between 2000 and 2005, for example, more than 3,000 gas stations closed down.
In contrast, EV charging stations have been increasing at a rapid rate. As noted by Autocar, there were 913 charging locations in the UK back in 2012, but by 2018, the number has increased to 6,699. Over 2,000 more have been installed this year, and among the total number of active EV chargers, more than 1,600 offer rapid charging services.
A statement from Nissan released on Thursday outlined these findings.
“In less than a century since Britain’s first fuel station opened – November 1919 at Aldermaston in Berkshire – the number of forecourts has peaked, declined and been overtaken by charging stations designed for battery, not combustion-powered cars. Almost 80% of UK petrol stations have closed since 1970, whilst the number of electric vehicle charging locations has increased from a few hundred in 2011 (when the Nissan Leaf went on sale) to more than 9,000 in August 2019,” the automaker wrote.
It should be noted that Nissan’s data is not a direct comparison to the number of fuel pumps still active in the UK. A notable number of EV charging locations included in the carmaker’s list can only charge one electric car at a time, after all, while gas stations are usually equipped with multiple fuel pumps to accommodate several internal-combustion cars.
Despite this, it is difficult to deny that the spread of electric car charging stations is accelerating at a pace never seen before. Data from EV charger tracking service Zap-Map, for one, notes that there are already 290 Tesla Superchargers across the UK as of May 2019, and these are further augmented by 550 Tesla Destination Chargers. A look at Tesla’s official website lists 49 Supercharger locations in the UK, with 28 others “coming soon.”
Other fast-charging infrastructure such as the IONITY Network, which will be utilized by European electric vehicles such as the highly-anticipated Porsche Taycan, is also expected to increase its number in the near future. Thus, the establishment of a robust electric car charging infrastructure in the UK is likely only beginning.
EV sales in the UK are expected to continue rising, particularly with the arrival of vehicles such as the best-selling Tesla Model 3, which has already proven to be a success in the United States. Other reasonably-priced and well-equipped EVs such as the MG ZS Electric, the Peugeot e-208, and the Corsa-e are expected to enter the UK market in the near future as well.
Elon Musk
Tesla director pay lawsuit sees lawyer fees slashed by $100 million
The ruling leaves the case’s underlying settlement intact while significantly reducing what the plaintiffs’ attorneys will receive.
The Delaware Supreme Court has cut more than $100 million from a legal fee award tied to a shareholder lawsuit challenging compensation paid to Tesla directors between 2017 and 2020.
The ruling leaves the case’s underlying settlement intact while significantly reducing what the plaintiffs’ attorneys will receive.
Delaware Supreme Court trims legal fees
As noted in a Bloomberg Law report, the case targeted pay granted to Tesla directors, including CEO Elon Musk, Oracle founder Larry Ellison, Kimbal Musk, and Rupert Murdoch. The Delaware Chancery Court had awarded $176 million to the plaintiffs. Tesla’s board must also return stock options and forego years worth of pay.
As per Chief Justice Collins J. Seitz Jr. in an opinion for the Delaware Supreme Court’s full five-member panel, however, the decision of the Delaware Chancery Court to award $176 million to a pension fund’s law firm “erred by including in its financial benefit analysis the intrinsic value” of options being returned by Tesla’s board.
The justices then reduced the fee award from $176 million to $70.9 million. “As we measure it, $71 million reflects a reasonable fee for counsel’s efforts and does not result in a windfall,” Chief Justice Seitz wrote.
Other settlement terms still intact
The Supreme Court upheld the settlement itself, which requires Tesla’s board to return stock and options valued at up to $735 million and to forgo three years of additional compensation worth about $184 million.
Tesla argued during oral arguments that a fee award closer to $70 million would be appropriate. Interestingly enough, back in October, Justice Karen L. Valihura noted that the $176 award was $60 million more than the Delaware judiciary’s budget from the previous year. This was quite interesting as the case was “settled midstream.”
The lawsuit was brought by a pension fund on behalf of Tesla shareholders and focused exclusively on director pay during the 2017–2020 period. The case is separate from other high-profile compensation disputes involving Elon Musk.
Elon Musk
SpaceX-xAI merger discussions in advanced stage: report
The update was initially reported by Bloomberg News, which cited people reportedly familiar with the matter.
SpaceX is reportedly in advanced discussions to merge with artificial intelligence startup xAI. The talks could reportedly result in an agreement as soon as this week, though discussions remain ongoing.
The update was initially reported by Bloomberg News, which cited people reportedly familiar with the matter.
SpaceX and xAI advanced merger talks
SpaceX and xAI have reportedly informed some investors about plans to potentially combine the two privately held companies, Bloomberg’s sources claimed. Representatives for both companies did not immediately respond to requests for comment.
A merger would unite two of the world’s largest private firms. xAI raised capital at a valuation of about $200 billion in September, while SpaceX was preparing a share sale late last year that valued the rocket company at roughly $800 billion.
If completed, the merger would bring together SpaceX’s launch and satellite infrastructure with xAI’s computing and model development. This could pave the way for Musk’s vision of deploying data centers in orbit to support large-scale AI workloads.
Musk’s broader consolidation efforts
Elon Musk has increasingly linked his companies around autonomy, AI, and space-based infrastructure. SpaceX is seeking regulatory approval to launch up to one million satellites as part of its long-term plans, as per a recent filing. Such a scale could support space-based computing concepts.
SpaceX has also discussed the feasibility of a potential tie-up with electric vehicle maker Tesla, Bloomberg previously reported. SpaceX has reportedly been preparing for a possible initial public offering (IPO) as well, which could value the company at up to $1.5 trillion. No timeline for SpaceX’s reported IPO plans have been announced yet, however.
News
Tesla already has a complete Robotaxi model, and it doesn’t depend on passenger count
That scenario was discussed during the company’s Q4 and FY 2025 earnings call, when executives explained why the majority of Robotaxi rides will only involve one or two people.
Tesla already has the pieces in place for a full Robotaxi service that works regardless of passenger count, even if the backbone of the program is a small autonomous two-seater.
That scenario was discussed during the company’s Q4 and FY 2025 earnings call, when executives explained why the majority of Robotaxi rides will only involve one or two people.
Two-seat Cybercabs make perfect sense
During the Q&A portion of the call, Tesla Vice President of Vehicle Engineering Lars Moravy pointed out that more than 90% of vehicle miles traveled today involve two or fewer passengers. This, the executive noted, directly informed the design of the Cybercab.
“Autonomy and Cybercab are going to change the global market size and mix quite significantly. I think that’s quite obvious. General transportation is going to be better served by autonomy as it will be safer and cheaper. Over 90% of vehicle miles traveled are with two or fewer passengers now. This is why we designed Cybercab that way,” Moravy said.
Elon Musk expanded on the point, emphasizing that there is no fallback for Tesla’s bet on the Cybercab’s autonomous design. He reiterated that the autonomous two seater’s production is expected to start in April and noted that, over time, Tesla expects to produce far more Cybercabs than all of its other vehicles combined.
“Just to add to what Lars said there. The point that Lars made, which is that 90% of miles driven are with one or two passengers or one or two occupants, essentially, is a very important one… So this is clearly, there’s no fallback mechanism here. It’s like this car either drives itself or it does not drive… We would expect over time to make far more CyberCabs than all of our other vehicles combined. Given that 90% of distance driven or distance being distance traveled exactly, no longer driving, is one or two people,” Musk said.
Tesla’s robotaxi lineup is already here
The more interesting takeaway from the Q4 and FY 2025 earnings call is the fact that Tesla does not need the Cybercab to serve every possible passenger scenario, simply because the company already has a functional Robotaxi model that scales by vehicle type.
The Cybercab will handle the bulk of the Robotaxi network’s trips, but for groups that need three or four seats, the Model Y fills that role. For higher-end or larger-family use cases, the extended-wheelbase Model Y L could cover five or six occupants, provided that Elon Musk greenlights the vehicle for North America. And for even larger groups or commercial transport, Tesla has already unveiled the Robovan, which could seat over ten people.
Rather than forcing one vehicle to satisfy every use case, Tesla’s approach mirrors how transportation works today. Different vehicles will be used for different needs, while unifying everything under a single autonomous software and fleet platform.
Tesla director pay lawsuit sees lawyer fees slashed by $100 million
SpaceX-xAI merger discussions in advanced stage: report
