Today on Critical Materials: Tesla has reportedly paid no federal income tax in years, GM's VP of software is departing, and VW dabbles in an entry-level EV.
If there's one way to incentivize innovation, it's by giving out tax breaks—if you do them right, anyway. Those could be for corporations who want to build a new factory in a desolate town, or a $7,500 credit for a consumer to buy a qualifying EV. But as you get ready for April 15, you may start to question what Tesla has been paying in all these years. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech.
The news comes just as GM begins to fix a trove of software issues, all while ditching core consumer functionality like Apple CarPlay. The automaker has been slammed for a myriad of software-related problems in cars like the Chevy Blazer EV and Cadillac Lyriq. While GM searches for a replacement, they've made Baris Cetinok the interim replacement for Abbott.
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Tesla paid no federal income taxes while paying executives $2.5 billion over five yearsSarah Fielding MS, is an acclaimed journalist focusing on mental health, social issues, and tech. At Engadget, she reports on tech news, whether it be a Twitter bot exposing gender pay gaps or a beloved classic game's revival.
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