Articles written by Anan Ashraf - Benzinga

Elon Musk Reveals Tesla's FSD Will Have Three Modes For Drivers To Choose From: 'Chill, Standard And Hurry'

Tesla CEO Elon Musk on Friday said that its full self-driving (FSD) driver assistance software will have three modes in the future, namely 'chill,' 'standard,' and 'hurry.'

Nissan Pays Ex-COO Ashwani Gupta $3.7M As Compensation For Leaving Amid Sexual Harassment Allegations

Nissan Motor Co reportedly paid its former Chief Operating Officer (COO) Ashwani Gupta a sum of 582 million yen ($3.7 million) to leave the company following allegations of misconduct.

Elon Musk Faces $7.5B Insider Trading Allegation From Tesla Shareholder

Tesla Inc. shareholder Michael Perry on Thursday filed a lawsuit against Elon Musk alleging insider trading when the CEO sold shares worth over $7.5 billion in the last two months of 2022.

Tesla's Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting

Rivian CEO Warns Of Rocky Road Ahead As Production Revamp To Cause 'Messy' Q2

These upgrades are expected to increase the R1 production line rate by about 30% and incorporate cost-saving changes to the vehicle.

Tesla Recalls Over 125,000 EVs To Fix Faulty Seat Belt Warnings: Which Models Are Affected? (UPDATED)

The NHTSA reported that the seat belt warning light and audible chime, which remind the driver to use the safety feature, might not activate as intended.

GM Sticks To Spring Timeline For Tesla Supercharger Access Despite Musk's Layoffs, Polestar Delays It To Summer

The timeline, announced earlier this year, turned doubtful when Tesla laid off 500 employees from its supercharging team in April.

Americans Cling To Gas Cars Over EVs Even At Equal Prices, Survey Reveals: What's The Biggest Factor?

However, things are different in San Francisco, where 73% of respondents said they would pick an electric or hybrid vehicle over a gas one if prices and features equaled.

Another Proxy Firm Advises Against Voting For Tesla CEO Musk's 'Excessive' Pay — But Backs Texas Move

Other concerns include "a lack of clarity on the board's plan" for Musk's future pay, ISS wrote, as per Reuters.

Tesla Board Slams Glass Lewis After It Recommends Shareholders To Vote Against Elon Musk's $56B Pay Package

The firm also highlighted Musk's numerous time-consuming projects outside Tesla, including his acquisition of the company Twitter.

Can Lucid Power Hyundai's Future? A Korean-American Tie-Up Is Reportedly In The Works

Hyundai CEO Chang Jae-hoon visited Lucid's headquarters in California early this year to discuss cooperation, South Korea's Sisa Journal reported.

Tesla, Ford Hit The Brakes In UK As Warren Buffett-Backed BYD Zooms Ahead With 2500% Jump In Registrations

Chinese automakers have been focussing on increasing their market share in foreign markets following an economic slowdown at home.

Elon Musk Insists SpaceX Isn't Killing Competition With Low Pricing, Hopes Rivals Focus On Rocket Reusability: 'Others Are Free To Copy Us'

"To the best of my knowledge, none of the rideshare missions have lost money," he said.

Legacy Auto Giants GM, Stellantis Plan To Fend Off Chinese EV Threat With $25K Electric Jeep, 'Most Affordable' Revived Bolt

Currently, the Fiat 500e holds the title of Stellantis' most affordable EV in the U.S., priced around $32,500.

Volkswagen To Introduce Affordable Electric Cars Priced At 20,000 Euros In Europe

The company did not divulge much about the upcoming vehicles besides that it will set standards in the entry-level segment.

China's Pumping Big Money Not Just Into Chip Sector But Also EV Batteries: Key Tesla, Nio Suppliers Among Those Eligible To Get $830M R&D Funding

Six firms are eligible to receive state funding to work on the solid-state battery technology, Reuters reported, citing a person familiar with the matter.

Rivian May Offer Performance Pack As Software Update For Dual Motor R1 Vehicles: Report

The Performance Pack, priced at $5,000, boosts the horsepower of dual-motor Rivian models from 533 to 665, with a remarkable 219 lb-ft torque increase.

Who Really Runs SpaceX? Not Elon Musk But COO Gwynne Shotwell, Reveals Report

Twenty-one executives, including those leading SpaceX's satellite internet business Starlink, Falcon launch business, and the development of Starship, report directly to Shotwell, The Information reported.

Elon Musk's Starlink Gets Easier On Your Wallet: Dish Now Available In Monthly Installments

Ford Teases F-150 Lightning-Based Supertruck Set To Climb Pikes Peak In June

The supertruck will make its qualifying run in Colorado Springs between June 18-20 and then climb the hill on June 23.