Lucid and Fisker face layoffs as Tesla shareholder sweepstakes shake up EV industry

Tesla’s latest move to secure shareholder votes has raised eyebrows in the business world. The electric vehicle company is now offering a chance to win a factory tour with CEO Elon Musk and chief designer Franz von Holzhausen to shareholders who vote in favor of relocating the company to Texas and approving Musk’s $56 billion pay deal. This sweepstakes-for-votes scheme has taken the stakes to a whole new level, leaving many wondering what Tesla will offer next to entice voters.

Meanwhile, struggling EV startup Fisker has faced another round of layoffs, with sources reporting that hundreds of employees have been let go. This latest cut brings the total number of employees at the company down to around 150, highlighting the challenges the company has been facing in recent months.

In other news, several startups in the mobility space have secured significant funding rounds. Orca AI, Redwood Materials, Relectrify, and Zypp Electric have all raised substantial amounts to further their respective ventures in autonomous ships, EV battery recycling, inverter-free batteries, and electric fleet services.

Additionally, there have been notable developments in the autonomous vehicles, electric vehicles, and in-car tech sectors, including updates on Waymo’s autonomous vehicle software investigation, Lucid Motors’ layoffs, and Apple’s transit pass integration in Paris.

Overall, the future of transportation is evolving rapidly, with companies making bold moves to stay ahead in the competitive market. Stay tuned for more updates on the latest developments in the mobility industry.