Some Tesla investors are hopelessly turning to the company’s board of directors in the hope that they would rein in Elon Musk following growing concerns that he is negatively affecting Tesla’s brand.
Over the last two years, Musk has tested the faith of his fans and Tesla investors.
Many have raised concerns that his behavior since acquiring Twitter could be negatively affecting Tesla’s brand
On several occasions, like most recently when he was trying to bully Mark Zuckerberg into fighting him at his house, Tesla investors have called for the board to act and rein in its CEO.
The board of directors, which is the only body with power over the CEO of a company, has never acted so far.
Now, following Musk’s agreement with an antisemite comment on X, more Tesla investors are calling for the board to suspend or remove him.
Jerry Braakman, president of First American Trust, called for the board to suspend Musk for 30 to 60 days to “send a message”.
He said (via CNN)
“I believe in free speech, but there’s no excuse for spreading hatred by a CEO of a public company.”
He is not alone in calling for Tesla’s board to act. Several other prominent Tesla investors have made similar comments – some going as far as calling for the board to fire Musk.
However, the chances of that happening or extremely low. Not only has the Tesla board never acted on Musk’s more extreme behaviors, they have not even commented on it.
The board is technically independent and is supposed to be acting with the best interest of shareholders in mind. It could fire Musk, who owns less than 20% of Tesla, but the CEO has been known to be very close to several board members and to hold a lot of influence on the board.
Musk’s brother, Kimbal, is even on Tesla’s board.
Electrek’s Take
Alright, this one is a mess. I’m not going to lie. Elon fans will call me a hater, and Elon haters will call me an apologist no matter what, so here we go:
The media is having a field day calling Elon antisemite over the tweet, and this time, it’s hard to argue against it.
He seems to have clearly agreed with a tweet that was tinted with antisemitism.
For those not aware of the situation, the whole thing is about this simple thread:
In short, a Jewish person challenges antisemites to say their antisemite rhetoric “to their faces,” and an X user claims to take him up on the challenge. Apparently, anonymously and online now means “in your face”?
The X user makes a poorly worded argument about “Jewish communities” pushing “dialectical hatred against white” and then seems to blame “hordes of minorities” immigrating to the West on Jewish people.
Elon decided to agree with that moron.
Now, do I believe Elon is an antisemite? No. I don’t think that’s the case. I am not trying to excuse his behavior, but I think it has more to do with his obsession with X and the poor level of communication on the platform.
Elon is at war with the Anti-Defamation League and similar organizations that are attacking X for what they claim is not doing enough to prevent racism and antisemitism on the platform.
Now, I don’t think Elon wants to promote antisemitism or racism on X, but I also don’t think X currently has the resources to manage that properly. And Elon sees the boycott attacks by ADL and others as a personal attack from the left or “woke virus” against him.
When he sees people fighting against that, he supports them, like in this case – even though they are in that fight for different reasons. The nuance of that is not clear on X.
Now, at the end of the day, he is still agreeing with an antisemitic sentiment, which is obviously going to be hurtful to many.
My main concern is that he doesn’t recognize that nor is he apologizing for it. The longer that takes, the more it’s becoming difficult to argue against the fact that he is antisemitic himself.
That’s where Tesla investors should be concerned. He seems to be losing his grasp on reality and critical thinking when it comes to himself and how his cult of personality is distorting the reality around him.
But asking Tesla’s board to do anything is useless, in my opinion. I’ve completely lost faith in them.
Unless they publicly explain their stance on this situation, I think investors should vote them all out at the next election.
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Wagons don’t get a lot of love Stateside, with American buyers choosing SUVs over – well, pretty much every other type of vehicle imaginable. That’s our loss, as the latest plug in hybrid versions of the Volkswagen Passat are here to prove.
The latest Passat Variant eHybrid (or, in some markets, Vario, which is what the Europeans like to call wagons) is different from the version we get in the US. Unlike the domestic version which is based on a low-cost platform specific to the US and China, the Euro-market version is built on the MQB platform that underpins VW’s flagship Arteon four-door coupe and both VW‘s and Audi’s entry-luxe SUVs.
That might seem weird, since VW has sold more than 34 million units sold worldwide and the Passat is the second top-selling Volkswagen of all time (behind the Golf and ahead of the Beetle). It’s understandable, then, that the European execs are pretty proud of their Passat.
The latest evolutionary stage of the modular transverse matrix (MQB evo)forms the highly innovative technical basis of the ninth Passat generation. Thanks to the significant economies of scale of the MQB evo, Volkswagen has again democratised numerous high-tech developments and made them available for hundreds of thousands of drivers. The two completely newly developed plug-in hybrid drives (eHybrid) are a perfect example of this. In combination with a new battery,they make all-electric ranges of around 100 km possible. This distance turns the new Passat Variant into an electric vehicle for everyday life – this is additionally ensured by short charging times as the battery can now be charged at AC charge points with 11 kW instead of the previous 3.6 kW. The Passat Variant eHybrid can even be charged with up to 50 kW at DC fast charging stations. In addition, the combination of electric drive motor and new economical turbocharged petrol engine provides overall ranges of around 1,000 km.
KAI GRÜNITZ Member of the Brand Board of Management, VW
In case the jealous American wago-philes reading this aren’t jealous enough, Volkswagen has announced new Passat eHybrid Match and Black Editions that add nearly £5k of options for the new model year effectively for free.
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“Match is better equipped than the outgoing Life, with additional features including metallic paint, VW’s IQ.Light LED matrix headlights, tinted rear windows and an ‘assistance pack’ which adds area view and emergency assist,” reports Alastair Crooks, from the UK car site AutoExpress. “The new Black Edition comes with metallic paint, 19-inch alloy wheels, a panoramic sunroof, tinted rear windows (darker than the Match’s), heated front and rear seats, a head-up display, a 15-inch central touchscreen and the same assistance pack as the Match.”
The entry-level Match replaces the previous Life trim, but costs the same £45,555 (about $60,500), while the Black Edition costs the same as the outgoing R-Line, from £48,900 (about $64,950). The order books open 14 August.
You can take a look at some of the VW press photos of the European Passat wagon Variant, below, then let us know if you’d rather have this for $60K or the discount American version in the comments.
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Wirtgen Vögele recently revealed the battery-powered MINI 500e and the MINI 502e electric pavers. With an electrically heated screed, a range of paving widths, and zero-emission operations, they’re paving a greener, cleaner path.
“These pavers excel on small-scale construction projects and jobs covering a small area – the type of work for which paving crews would not previously have been able to use machines,” reads the official Wirtgen Vögele copy. “Thanks to their elimination of manual labor, among other benefits, the new MINI pavers improve the efficiency and quality of asphalt paving, particularly in the construction of sidewalks and drains, as well as in tight downtown locations.”
The new Wirtgen MINI 502e (the one with wheels) and the MINI 500e (the one with crawler tracks) offer pave widths from 0.25 to 1.8 m, feature a battery-electric drive outputting 22.8 kW (30 hp), and your choice of either a 15 kWh or 22 kWh 48V li-ion battery – good enough battery capacity for up to 16 hours of continuing paving. Both versions can be fully charged on a conventional 110/120 “L1” power socket in about eight hours.
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Electrek’s Take
Wirtgen Vögele MINI 500e; via Wirtgen.
At the end of the day, it doesn’t matter what the federal EV incentives are or even what the guys on your crew want to operate. What matters is that construction noise upsets Mrs. Clancik’s terrier, and she will force the town council to keep the noise down all by herself.
If your construction company wants to bid on any municipal work, that means you’re gonna have to stay quiet. Maybe even keep the smells to a minimum, too. Buying electric equipment means you can do both.
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Car brands like Volvo, Mercedes-Benz, and Tesla have built up solid reputations for safety, but their ultra-safe vehicles often come with a premium price tag. The good news for car buyers looking for a deal, but still prize safety, is that there’s an all-electric Hyundai for under $40K that scores top marks on the IIHS’ toughest new safety tests.
Last Februray, the Insurance Institute for Highway Safety (IIHS) established new benchmark criteria that included stricter side-impact and moderate overlap crash safety standards, improved safety for back seat passengers, and a stronger emphasis on pedestrian detection in low light.
“We followed the tougher requirements we introduced last year with another major update to the award criteria,” explains IIHS President David Harkey. “(The 2024) winners are true standouts, offering the highest level of protection for both vehicle occupants and other vulnerable road users.”
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The Insurance Institute for Highway Safety is making it harder to earn its Top Safety Pick and Top Safety Pick+ awards from 2024, challenging manufacturers to offer better protection for back seat passengers and improve their pedestrian crash avoidance systems.
We’ve covered a few of the standout performers already over the past year-plus since the new safety standards were awarded, including the Rivian R1T (the only electric pickup to earn the coveted Top Safety Pick+ award), Audi Q6 e-tron, and the Tesla Model Y … but what we haven’t written about was the fact that the Hyundai IONIQ 6 was the only electric sedan to get a Top Safety Pick+, as well.
The good news is that it’s an excellent option. The 2024 version was named Car and Driver‘s 2023 EV of the Year, and led our own Scooter Doll to ask, “is any other automaker delivering more value in high-tech EVs right now?” and Nigel Evans over at CarBuzz to write, “Comparing the Ioniq 6 to its rivals is also an interesting exercise. For example, the Tesla Model 3 RWD now costs more than $40,000, with questionable interior design and layout and no Top Safety Pick+ from the IIHS. You can’t get the Chevrolet Bolt or Bolt EUV anymore in the budget EV sector, but they also lacked fast-charging capability.”
With up to 342 miles of range and a starting MSRP of $37,850 with all trims eligible for $7,500 in Retail Bonus Cash through Labor Day plus dealer discounts (if you can get them) bringing the price down even further, there’s a nonzero chance car buyers will be able to score a 2025 Hyundai IONIQ 6 for a sub-30K transaction price. Other featured deals include 0% interest financing for up to 48 months on any 2025 IONIQ 5 models in dealer inventory for well-qualified buyers, while lease buyers able to get a new SE model for $199/mo. with $3,999 down.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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