tesla - CybAI news

13 Jun

Tesla Shareholders Approve Elon Musk’s Big Payday

stp2y0 CommentsRAG modelselectric vehicles, elon musk, evs and hybrids, stocks, tesla

Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a federal judge.The preliminary outcome of the vote was announced Thursday afternoon during an annual shareholder meeting at Tesla’s newest auto and battery factory in Austin, Texas.The setting was apropos: Shareholders also approved a measure to move Tesla’s corporate registration away from Delaware and to Texas.…

The $50 Billion Musk Referendum

stp2y0 CommentsRAG modelselectric vehicles, elon musk, self-driving cars, tesla

The pay package is just one in a series of measures that shareholders have already been asked to vote on by proxy, ahead of Thursday’s meeting. Others include whether Tesla’s incorporation should move from Delaware to Texas, whether the company should soften its hardline stance on labor negotiations, and whether the company should preemptively impose a moratorium on using minerals mined from the seabed.Yet none have been as divisive as Musk’s pay. Deep rifts among investors have been exposed in the lead-up to the vote. Tesla board chair Robyn Denholm has backed the pay package, as has billionaire investor Ron…

Teslas Can Still Be Stolen With a Cheap Radio Hack—Despite New Keyless Tech

stp2y0 CommentsRAG modelscrime, cyberattacks, hacking, security, tesla

In 2020, Tesla even wrote in a filing to the US Federal Communications Commission that it would be implementing ultra-wideband in its keyless entry systems, and that the ability to far more precisely measure the distance of a key fob or smartphone from a car would—or at least could—prevent its vehicles from being stolen via relay attacks. “The distance estimate is based on a Time of Flight measurement, which is immune to relay attacks,” Tesla's filing read. That document, first turned up by the Verge, led to widespread reports and social media comments suggesting that the upcoming ultra-wideband version of…