Electric Cars Archive

Robyn Denholm, who was appointed chair of Tesla’s board of directors after the SEC forced Elon Musk to step down, just sold over $32 million worth of shares in the company. As Electrek notes, it appears that she is close to liquidating her entire position in Tesla, with only 85,000 shares left and 300,440 stock options expiring later this year. Several Tesla investors have urged the board to rein in Musk, who’s political alliance with the Trump administration has done irreparable damage to the company’s brand. But under Denholm’s leadership, the board has done essentially nothing to curb Musk’s worst tendencies.

The automaker started by offering nickel cobalt manganese (NCM) batteries in its electric vehicles, and later added lithium iron phosphate (LFP) batteries in 2023. “LMR is the answer to ‘what next?’” writes Charles Poon, Ford’s Global Director for Electrified Propulsion Engineering. LMR stands for “Lithium Manganese Rich,” which Poon says is safer, denser, and more cost-effective than other chemistries. And they’re coming close to fruition.