F Dec 2024 6.000 call
- Yahoo Finance
Chinese EVs are 'driving into Mexico' — and it's starting to worry the US
The early success of Chinese brands in Mexico and Latin America offers a glimpse into the expansion strategy for these carmakers outside of the world’s largest EV market.
- Reuters
Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker's stock remains richly valued even after several years of weakness in shares. Shareholders at Tesla's annual general meeting on Thursday re-approved Musk's 2018 record-setting compensation that backers said is necessary to keep the billionaire focused on the car company. While Musk could still face a long legal fight to convince a Delaware judge who invalidated the pay package in January, Tesla's stock rose nearly 3% on Thursday ahead of the meeting after Musk posted on his social media platform X that he had won shareholder approval.
- Reuters
Ford walks back EV dealer restrictions to boost sales
Ford Motor Co will soon allow all of its dealers to sell electric vehicles, reversing its more selective allocation system in an effort to boost slower-than-expected sales. The pivot, which goes into effect July 1, unravels previous requirements that only let dealers sell EVs like the F-150 Lightning pickup and Mustang Mach-E SUV if they had invested a set amount in training and infrastructure. About half of Ford's 2,800 dealers enrolled in the group since it was introduced.
