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Tesla asks shareholders to approve $29B comp package for Elon Musk amid ‘AI talent war’

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Tesla’s board of directors has announced a proposed compensation package for CEO Elon Musk that would be worth around $29 billion in shares, with the company citing the “ever-intensifying AI talent war and Tesla’s position at a critical inflection point” as reasons for the payout. The new plan will be put to a vote at […]

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Tesla hands $29B comp package to Elon Musk amid ‘AI talent war’

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Tesla’s board of directors has announced a new compensation package for CEO Elon Musk worth around $29 billion in shares, with the company citing the “ever-intensifying AI talent war and Tesla’s position at a critical inflection point” as reasons for the payout. The massive pay package is being allocated through a 2019 Equity Incentive Plan

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Tesla partly liable in Florida Autopilot trial, jury awards $200M punitive damages

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A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury awarded the plaintiffs $200 million in punitive damages, along with “compensatory damages for pain and suffering,” according to NBC News. Neither the driver of

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Tesla partly liable in Florida Autopilot trial, jury awards $329M in damages

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A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury awarded the plaintiffs $329 million in punitive and compensatory damages. Neither the driver of the car nor the Autopilot system braked in time to

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Tesla partly liable in Florida Autopilot trial, jury awards $200M in damages

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A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury assessed punitive damages only against Tesla, CNBC reported. The punitive fines coupled with a compensatory damages puts the total payments to around $242.5 million.

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Joby Aviation and defense contractor L3Harris to test autonomous hybrid aircraft

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Joby Aviation is often cast as a developer of commercial electric air taxis, but the publicly traded company has also pursued a separate track to market through a long-standing relationship with the U.S. Department of Defense. Now, its years of research and development with the Department of Defense may be paying off. The company on

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Ford to reveal more about its new low-cost electric vehicles on August 11

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Ford is set to reveal more information about its upcoming low-cost electric vehicles at an event in Kentucky on August 11. And the company is talking a very big game: CEO Jim Farley said Wednesday that the announcement is “a Model T moment” for Ford. Farley made the comments after Ford revealed its electric vehicle

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Aurora’s autonomous trucks are now driving at night. Its next big challenge is rain.

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Over the next year, Aurora Innovation CEO Chris Urmson wants to “unlock” the Sunbelt of the United States, a southern route where its self-driving trucks will carry goods for companies like Uber Freight and Hirschbach Motor Lines. Aurora, which launched its driverless commercial self-driving truck service this spring, has already made some progress toward that

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AIR lands $23M to bring its eVTOLs to the US

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The combined forces of escalating geopolitical tensions and rising defense budgets are spurring many electric vertical takeoff and landing (eVTOL) makers to take a two-pronged approach to building their aircraft: crewed vehicles for personal or commercial taxi use, and uncrewed vehicles meant for logistics and defense purposes. AIR, an Israel-based startup developing eVTOLs, thought it

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Elon Musk’s Boring Company to build Tesla tunnels under Nashville

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The Boring Company, Elon Musk’s tunnel-digging company, and Tennessee Governor Bill Lee have announced a plan to build a 10-mile “loop” that will connect Nashville’s downtown and its convention center to the area’s airport. The project will be privately funded by The Boring Company “and its private partners,” according to the Governor’s press release, though

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