When he was working on his Master of Fine Arts degree at Yale in 2011, Kevin Beasley went to Virginia to visit his relatives. Though he grew up in Lynchburg, his family maintained a nine-acre property a few hours southeast, in Valentines. The family hosted regular reunions at the site and his grandparents had farmed there, but that visit seven years ago was the first time the then 26-year-old had seen the fields planted.
“It was planted with cotton,” Beasley says in a phone interview from the Whitney in Manhattan, where his first New York solo museum exhibition, A View of Landscape will open this weekend. Cotton has an extraordinarily laden history for African-Americans in the South, to say the least, and the planting startled him. “It was a very heavy emotional space for me,” he says. “It was something I wasn’t really prepared for.”
... read more at: https://www.automobilemag.com/news/artist-kevin-beasleys-automotive-obsession-is-on-view-at-the-whitney-museum/
Tesla’s vice president of global supply management, Liam O’Connor, has resigned, Bloomberg reported, citing sources familiar with the matter.
The departure of O’Connor, who joined Tesla in March 2015 from Apple, follows the exit of a string of senior executives, including Chief Accounting Officer Dave Morton and Chief People Officer Gabrielle Toledano.
The company said last week its vice president of worldwide finance and operation Justin McAnear would leave the company in early October.
Tesla did not immediately respond to a request for comment.
... read more at: https://www.autoblog.com/2018/09/20/tesla-vp-of-global-supply-management-reportedly-resigns/
TORONTO — A Canadian court has ruled in favor of Tesla after the electric carmaker challenged the province of Ontario’s wind-down of an electric vehicle rebate.
In a ruling on Monday, Judge Frederick Myers of Ontario struck down the transition program set up by the new Ontario government, which excluded Tesla customers from qualifying for rebates.
A Tesla spokeswoman welcomed the decision.
“Tesla only sought fair treatment for our customers, and we hope the Ministry now does the right thing by delivering on its promise to ensure all [electric vehicle]-owners receive their incentives,” the spokeswoman said in an email on Tuesday.
A spokeswoman for Ontario’s attorney general said the government is reviewing the ruling “and will make a decision on how to proceed in the coming days.”
Tesla’s challenge arose after Ontario’s Progressive Conservative government in July canceled a slew of green energy initiatives, including the Electric and Hydrogen Vehicle Incentive Program that provided rebates
... read more at: https://www.autoblog.com/2018/08/28/tesla-wins-court-case-ontario-ev-rebate/
NEW YORK — Hedge fund manager David Einhorn lambasted Tesla and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers, where he had flagged accounting problems several months before its 2008 collapse.
“Like Lehman, we think the deception is about to catch up to TSLA,” Einhorn’s firm Greenlight Capital, which has sold Tesla shares short, said in a quarterly investor letter obtained by Reuters. “Elon Musk’s erratic behavior suggests that he sees it the same way.”
Greenlight’s letter came one day after Musk, a longtime critic of short-sellers, appeared to taunt the U.S. Securities and Exchange Commission by calling it the “Shortseller Enrichment Commission” on Twitter.
That came just five days after Musk settled SEC fraud charges, in an accord that lets him remain Tesla’s chief executive but requires he step aside as chairman. A judge has yet to approve the settlement.
Tesla did not immediately
... read more at: https://www.autoblog.com/2018/10/05/david-einhorn-elon-musk-tesla/
BEIJING/SHANGHAI — Tesla’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker.
An official from China Passenger Car Association said data from the industry body showed Tesla sold just 211 cars in the world’s largest auto market in October.
Tesla did not respond to repeated calls and written requests for comment on Tuesday. But previously, Tesla, which imports all the cars it sells in China, said in October that tariff hikes on auto imports were hammering its sales there. In July, Beijing raised tariffs on imports of U.S. autos to 40 percent amid a worsening trade standoff with the United States.
While so-called new-energy vehicle sales have continued to climb in China, wider auto sales have slowed sharply since the middle of the year, taking the market to
... read more at: https://www.autoblog.com/2018/11/27/tesla-china-sales-plunge-tariffs/
Tesla Inc has hired Dane Butswinkas, a Washington, D.C. trial lawyer, as its general counsel, the electric car manufacturer said late on Thursday.
Tesla Chief Executive Officer Elon Musk had hired Butswinkas to help settle a case with the U.S. Securities and Exchange Commission, Bloomberg had reported in October.
Musk and Tesla paid $20 million each in fines to settle the case, which stemmed from the billionaire CEO’s Twitter posts in August about taking the company private.
Butswinkas, the chairman of major Washington law firm Williams Connolly, is replacing Todd Maron at Tesla.
“Being part of Tesla for the last five years has been the highlight of my career. Tesla has been like family to me, and I am extremely grateful to Elon, the board, the executive team, and everyone at Tesla for allowing me to play a part in this incredible company,” said Todd Maron.
... read more at: https://www.autoblog.com/2018/12/07/tesla-hires-lawyer-general-counsel-dane-butswinkas/
General Motors will reportedly launch a pilot program this summer in which car owners can rent out their vehicles when they aren’t using them, similar to how home-sharing site Airbnb works. The program, done in concert with GM’s Maven car-sharing platform, is the latest step in the company’s attempt to position itself as a mobility provider.
Bloomberg reports that GM will try to grow the pilot program into a full-fledged business if successful. Under the pilot program, owners of GM vehicles can use the Maven platform to rent their vehicles to other drivers who need to use a car, with the revenue shared between the owner and GM.
Maven already rents vehicles to users starting at $8 an hour plus tax using a mobile app. But the new service would give GM access to more vehicles that it doesn’t have to carry on its balance sheet.
... read more at: https://www.autoblog.com/2018/03/13/gm-maven-car-owner-rental/
Jason Seaman, the seventh-grade science teacher who was shot three times but was credited for helping avert a worse tragedy in a school shooting last month in Indiana is the recipient of a new 2018 Hyundai Elantra, courtesy of a local dealership.
The Ed Napoleon Automotive Group is also donating money to the 13-year-old girl who was shot seven times in the May 25 shooting, saying it plans to donate $25 for every car sold between Memorial Day and Father’s Day at its four Indianapolis-area dealerships to Ella Whistler’s medical expenses and therapy.
“As I read more and more about Jason, I heard him say he didn’t think what he did was that heroic because it was the only acceptable action to take,” Brian Napoleon, director of Midwest operations at the dealer group, told TV station Fox 59. “In my mind that way of thinking
... read more at: https://www.autoblog.com/2018/06/15/teacher-free-car-school-shooting-hyundai/
SAN FRANCISCO — A leveraged buyout of electric carmaker Tesla could be an ominous sign of market exuberance, but investors may need more justification to run for the exits.
CEO Elon Musk’s tweeted suggestion on Tuesday that he wanted to take Tesla private at $420 a share, putting a value of $72 billion on the carmaker, had some investors wondering whether getting such a huge deal completed would signal that Wall Street has become overheated after nearly a decade of gains following the 2008 financial crisis. The SEC is looking into Musk’s announcement, especially the part where he claimed he has “funding secured,” but his intention to go private was later confirmed by Tesla’s board.
“A mega-LBO of a company notorious for its cash burn rate would be the clear sign that this is the ultimate market top,” Mike O’Rourke, Chief Market Strategist at JonesTrading, wrote in a client
... read more at: https://www.autoblog.com/2018/08/09/tesla-buyout-elon-musk-stock-market-analysis/
Tesla has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place.
Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, financial incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.
From Jan. 1 next year, the $7,500 tax credit will drop to $3,750 around midyear, the Tesla website said.
General Motors will soon face the same problem as Tesla in the near future, as it is expected to hit the 200,000 mark with sales of
... read more at: https://www.autoblog.com/2018/07/12/tesla-200-000-cars-lower-ev-tax-credit/