Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! I’m back from holiday in Denmark and Germany, where I managed to try just about every kind of transportation, from bikes to scooters, to driving on the […]
Why Fisker failed | TechCrunch Read More »
Auto retailers and car dealerships across the U.S. are facing another day of outages after a second cyberattack hit tech company CDK Global, which develops software used for managing auto customers and their vehicles. In a message from CDK sent to customers Thursday, the company said the additional cyberattack late Wednesday may result in extended
US car dealerships face ongoing outage after CDK cyberattacks Read More »
Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023. Fisker cut production targets multiple times, failed to meet sales goals and laid
The fall of EV startup Fisker: A comprehensive timeline Read More »
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022 start-of-production target was aggressive, but not
Fisker failed because it wasn’t ready to be a car company Read More »
Fisker Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that included recalls and dozens of lemon law lawsuits. The California-based company, which filed for bankruptcy in the Delaware Court, had been seeking a deal with another
EV startup Fisker files for bankruptcy Read More »
Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate Tesla in Texas, moving it away from the state where Musk’s pay package was struck down: Delaware. Shareholders present at the company’s annual meeting Thursday, held at Tesla’s Texas
Tesla shareholders vote yes again to approve Elon Musk’s $56B pay plan Read More »
Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup. The lawsuit is one of the most direct challenges to Musk’s decision to start
Tesla shareholders sue Musk for starting competing AI company Read More »
The Tesla fans posted. And over the last few months, Elon Musk engaged. Every time he did, Tesla’s legal team had to get to work, writing and submitting regulatory filings to the Securities and Exchange Commission (SEC). It’s all part of an effort to say that, this time, when the shareholders vote to approve his
Tesla and its fans waged an unprecedented battle over Elon Musk’s $56B pay package Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Kirsten Korosec is still off on holiday, so you’ve got me once again! Today is the big Tesla shareholder vote. We’ll finally get to learn, among other
Tesla shareholders to vote today on $56B pay package Read More »
There has been a silly amount of drama in the run-up to Tesla‘s annual shareholder meeting on Thursday. The company is set to hold a vote on “re-ratifying” the $56 billion compensation package awarded to Elon Musk in 2018, which was struck down by a Delaware Chancery Court judge earlier this year. It will also
