The $60 million settlement comes as a 10-day trial is scheduled to start on 16 March in Delaware in which shareholders seek $2.6 billion (1.98 billion pounds) in damages.
Ola Electric hires former Qoros Auto VP Roger Looney to head its hybrid and EV vehicle engineering efforts
While Ola Electric’s ambition is to be a complete electric mobility company, Looney will focus on building batteries, which account for a sizable chunk of the cost of an EV, sources said.
Daimler wanted to sell around 25,000 EQC vehicles in 2019, but only managed to build around 7,000.
Tesla's board of directors approved a purchase agreement with the state of Brandenburg on Saturday to acquire a 300-hectare property,
Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American Depositary Shares.
Tesla delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs.
December is among the hottest months for auto sales in the United States.
Tesla to borrow $1.4 billion in a five-year loan from Chinese banks to build its Shanghai car facility
The Chinese banks earlier this year already offered Tesla a 12-month facility of up to 3.5 billion yuan.
Elon Musk also apologised from the stand to the plaintiff who is seeking unspecified compensatory and punitive damages in the case.
Milano, who has a background in art and architectural history told the publication that that the most difficult part of the carving the Cybertruck was getting the geometric lines in proportion, and achieving the illusion that it is sitting on four wheels.
Some analysts praised the launch, but others doubted the Tesla Cybertruck's futuristic design's mass appeal.
Musk's electric pickup isn't just a mean machine, it's a meme machine!
Three electric motors and chunkmungous amounts of torque propel the vehicle to 100 kph in about 2.9 seconds
Tesla Cybertruck launch highlights: 0-60 in 2.9 seconds, faster than a Porsche, more power than an F-150
Tesla CEO Musk promised certain features on Twitter last year, saying it would be similar in size to Ford’s F-150.
Tesla CEO Elon Musk said that this Blade Runner inspired truck is expected to price under $50,000.
Tesla CEO says that the cybertruck looks like an armoured personnel carrier from the future.
Auto sales data debate: Why Anand Mahindra's call to industry to move to retail sales volume reporting makes good sense
Anand Mahindra might not have put it in so many words but the car industry must have a consumer focus is the unstated message.
Tesla chief Elon Musk says he is disconnecting from Twitter; farewell tweet receives thousands of replies as many express sadness
Tesla chief Elon Musk fired off a tweet on Friday indicating that he is disconnecting from Twitter, perhaps in favour of popular news and discussion platform Reddit
Researchers say that the temperature of the new battery design was 60 degrees Celsius during the charge cycle.
Tesla is also in the process of obtaining a key certification needed to sell China-made cars in the country.