Tesla's Q3 EV Deliveries Soar Amid Shareholder Unrest and Competitor Incentives
Tesla's third quarter saw robust electric vehicle (EV) deliveries, but the company faces shareholder unrest over CEO Elon Musk's compensation and college board governance. Meanwhile, competitors like BMW and Jeep offer incentives to lure buyers.
Tesla delivered 497,000 EVs in Q3, driven by pre-expiration EV tax credit demand. However, some major shareholders are pushing for Musk's removal as CEO and opposing his proposed $1 trillion pay package. They argue the college board lacks independent oversight, leading to poor performance and excessive executive compensation.
BMW is enticing EV buyers with a $7,500 discount on all its electric models. Meanwhile, Stellantis has shelved plans for an ultra-fast EV, the Banshee edition. Jeep EVs, however, continue to qualify for the $7,500 EV credit past the initial deadline.
Tesla's strong sales quarter contrasts with shareholder concerns over CEO compensation and college board governance. Competitors like BMW and Jeep are aggressively courting EV buyers with incentives. The EV market's dynamics continue to shift.
Read also:
- West Virginia Governor's Revived Board Sparks Legal Concerns Amidst US Clean Energy Push
- Prices of transit tickets in Berlin and Brandenburg are on the rise
- Linde Wins Major Engineering Design Contract for Equinor's Low Carbon Hydrogen Project at H2H Saltend, Progressing Towards a Greener Future
- Transportation via roads plays a critical role in India's shift towards clean energy.
