The numbers recorded in Tesla’s latest quarterly report are in line with targets, giving CEO Elon Musk eligible for two options totaling $ 11 billion.
These are the fifth and sixth of twelve tranches of options in Musk’s 2018 contract. Recall that Musk does not receive a salary at Tesla. His remuneration is contingent on the achievement of certain market capitalization goals and the financial growth of the company.
Significantly yielding in terms of production to such giants of the automotive industry as Toyota Motor, Volkswagen or General Motors, Tesla surpasses them in terms of capitalization. It is the most valuable car manufacturer in the world with a market capitalization of $ 700 billion. For comparison, the capitalization of Toyota, the world’s largest automaker, is $ 250 billion.
Each tranche gives Musk the opportunity to buy 8.4 million Tesla shares for $ 70 each. This is less than 10% of their current price. Based on the current price of $ 722 per share, Musk’s current remuneration is roughly $ 11 billion, and the sum of all six options already granted is close to $ 34 billion.
Honda showed its first electric crossover Prologue. But it will only be released in 2024.
Honda, like many other Japanese brands, is far behind its European competitors when it comes to electrifying their cars. The company already has a Honda e, and now the manufacturer has unveiled its first electric crossover, the Prologue. True, the car will enter the market only in 2024.
Whatever it was, so far we have only one official image. The crossover on it is not very similar to the current Honda models. The source says that Prologue is a joint development of the Japanese giant and GM, but no details yet. It is likely that the Prologue and some General Motors electric cars will have a common platform.
Honda plans to introduce 30 new electric vehicle models by 2030 and expects sales of 2 million units. After launching the Prologue in 2024, Honda plans to begin production of new electric vehicles based on its e:Architecture architecture in 2026, and in 2027 it will have affordable electric vehicles also co-developed with GM.
“I will vote Republican.” Musk lashes out at Democrats over Tesla’s exclusion from S&P 500 ESG index
Tesla was excluded from the S&P 500 ESG at the beginning of the month, but most people only knew about it now that Elon Musk decided to speak out about it.
ExxonMobil ranks in the top 10 in the world in the S&P 500 ESG Index, while Tesla didn’t make it! ESG is a scam. It was used as a weapon by fake social justice fighters.
The fact is that the S&P 500 ESG is an index that takes into account the environmental and social performance of companies. And Musk was obviously hurt that the huge oil company ExxonMobil was on the list, and Tesla was decided to be excluded. And there are even official reasons for the exclusion: Tesla has no strategy to reduce carbon emissions, no code of business conduct, and the company has also been accused of racism and poor working conditions.
But Musk did not stop at one statement.
I’ve voted Democrats in the past because they were (mostly) the goodness party. But they have become a party of division and hatred, so I can no longer support them and will vote Republican. Now watch their dirty campaign against me unfold
This is a much more serious statement, since many of Musk’s supporters are his supporters precisely because of his political views. Immediately, Musk made it clear that he changed them. This has already cost Tesla about $40 billion in capitalization, as the company’s shares fell immediately after the publication of its head.
Introduced two-seater Squad electric car with a solar battery
Electric vehicle startup Squad Mobility has announced a two-seater electric car with a rooftop solar panel.
The name Squad stands for Solar Quad and the car will debut in Europe in 2023 with a starting price of 6,250 euros.
This is a compact solar powered electric car that has a fairly simple design and is positioned as an affordable electric car. It will get large windows, removable doors, stylish wheels and a solar panel on the roof. The solar battery will allow to overcome up to 20 km a day. The car also has a replaceable battery, allowing you to increase the range to about 100 km. The Squad’s battery can be charged from common household outlets, adding to its versatility.
The interior of the Squad is very simple, but the cabin has a digital instrument panel, as well as a climate control system. Two rear electric motors deliver up to 5 hp. and a top speed of 45 km/h.
The company says it is also developing a four-seater solar-powered electric vehicle, but no release date has been given.
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