Tesla filed an S-8 with the SEC to register over 303 million shares for Elon Musk's 2018 pay package, now worth $114 billion. The move ends a multi-year legal battle after courts restored the record compensation award.
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Waymo and B2U Storage Solutions announced a strategic supply agreement to repurpose used batteries from the robotaxi fleet for stationary energy storage on power grids. The deal could add hundreds of megawatt-hours of capacity to projects in California and Texas while extending battery usefulness in the same regions where the vehicles operate and charge.
Toyota has abandoned its planned Lexus LF-ZC electric sedan that was due by the end of 2026. The company will instead focus on larger SUVs while continuing solid-state battery and gigacasting development for future EVs.
Rivian confirms the R2 launches on June 9 with order invitations, demo drives at its Spaces and initial customer deliveries all beginning that day. The concurrent approach seeks to avoid criticism from the R1 rollout as the company shifts toward mass-market EVs.
