Today on Critical Materials: Elon Musk wants 25% of Tesla, Nissan pauses its work on its next-gen EVs, and consumers want more safety at chargers
Fresh off a multi-billion share selloff to fund his $44 billion buyout of Twitter, Tesla CEO Elon Musk has found himself in another battle for his $56 billion court-rejected compensation package. With that package comes a large amount of corporate voting power—something that Musk says he needs in order to feel 'comfortable' leading the company into the AI-powered future that he envisions.
Nissan had previously pledged a $500 million investment into its underutilized plant in Canton, Mississippi. The idea was to launch two new electric sedans, one under the Nissan brand and the other under Infiniti, both produced in Canton. The plans were recently pushed back from 2025 to 2026, followed by two additional electric crossovers in 2027 and 2028. Now, those plans may be on hold for longer. However, the supplier memo could reveal why Nissan is pausing production.
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