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Bi-partisan bill in Senate to advance deployment of renewable fuel infrastructure, expand access to higher biofuel blends

Green Car Congress

US Senators Amy Klobuchar (D-MN) and Joni Ernst (R-IA) reintroduced bipartisan legislation to create a renewable fuel infrastructure grant program and streamline regulatory requirements to help fuel retailers sell higher blends of ethanol.

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Tesla SVP Automotive Tom Zhu adds 339k TSLA shares

Teslarati

The update was listed in a Form 4 filing with the United States Securities and Exchange Commission. The “A” transaction code in the Form 4 filing indicates that the shares Zhu acquired were a “grant, award, or other acquisition,” as per the SEC on its official website. million today.

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Petition for Tesla vehicle fire investigation rejected by the NHTSA

Teslarati

The NHTSA noted in documents posted in the Federal Register that there were fires in China after Teslas were charged at Superchargers. . No such incidents were identified in the United States , however. Two of the incidents listed in the petition were not in the United States, either. .

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Tecnomatic S.p.A. sues Remy, claiming false statements in DOE grant application over HVH stator winding technology

Green Car Congress

an international maker of stator technology used in hybrid and electric automobiles, filed a $110-million lawsuit today in United States District Court for the Northern District of Illinois against Remy, Inc. Tecnomatic S.p.A. , in order to conceal its true origin. Tecnomatic S.p.A.

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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

Tesla has filed its Proxy Statement 2024 to the United States Securities and Exchange Commission (SEC). Musk (which can be found as Annex I to this Proxy Statement) struck down one of your votes and rescinded the pay package that an overwhelming majority of you voted to grant to our CEO, Elon Musk, in 2018.

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Elon Musk confirms Tesla’s $1.4 billion loan for Giga Shanghai was paid off early

Teslarati

On October 4, 2021, @jpr007 , a Tesla enthusiast on Twitter, showed documentation that Tesla had officially paid off its entire $1.4 billion loan, which was granted from Chinese banks, in just sixteen months. The loan was announced in December 2019, and appeared to have no balance as of Tesla’s Q2 2021 financial documentation.

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Tesla’s $137M racial discrimination verdict reduced to $15M

Teslarati

On Wednesday, April 13, United States District Judge William H. Orrick reduced the $137 million reward granted by jurors to former Tesla employee Owen Diaz to $15 million. Tesla’s motion for a remittitur—that is, a reduction in the amount of damages—is granted in part. Diaz had accused Tesla of racial discrimination.

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