Elon Musk Secures $56 Billion Tesla Pay Deal Amid Controversy

Elon Musk's Tesla pay deal, which could reach a staggering $56 billion (£44 billion) based on the company's share price, has garnered shareholder support. This amount, equivalent to 75% of the projected spending for schools in England for 2024-25 (£60 billion) and approximately a quarter of the NHS budget (£192 billion), underscores the significant financial…

June 14, 20240Comments

Byrwandatechnews

Global News

BYD European market

China's electric vehicle (EV) giant BYD has swiftly ascended to become one of the world's largest EV manufacturers, driven by its low production costs and innovative technologies. However, recent geopolitical developments have thrown new challenges into its path. The United States has imposed a steep 100% tariff on Chinese EV imports to protect its burgeoning…

May 21, 20240Comments

Byrwandatechnews

Global News

Tesla China Vehicle Recall

The American electric vehicle manufacturer Tesla is recalling over 1.6 million vehicles in China, addressing concerns raised by the country's regulatory body regarding steering software and door-locking systems. The recall encompasses several Tesla models, including the S, X, 3, Y, and 7,538 imported vehicles. Notably, this recall will be conducted through remote software updates, eliminating…

January 6, 20240Comments

Byrwandatechnews

Global News

BYD Outperforms Tesla in EV Sales

In the competitive electric vehicle (EV) market, Chinese automaker BYD surpassed Tesla in sales during the last quarter of 2023. BYD announced a record sale of 526,000 battery-only vehicles in the final quarter, marking the first time it has outdone Tesla's sales in a single quarter. Tesla, however, faced slowing demand amid rising borrowing costs.…

January 3, 20240Comments

Byrwandatechnews

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