A Delaware judge has dealt a significant blow to Elon Musk's $56 billion pay package, ruling that the massive compensation deal is unfair given the CEO's divided attention between Tesla and his other ventures. This decision comes after shareholders voted to "re-ratify" the deal, but the judge was unmoved by their arguments. The ruling has sparked controversy, with some arguing that a shareholder vote should take precedence over a court ruling.

Musk has threatened to scale back his involvement with Tesla if he doesn't receive the compensation package, a prospect that has left shareholders on edge. The electric vehicle manufacturer will appeal the decision, and with Musk's new role as a key advisor to Donald Trump, this saga is likely to continue making headlines.

In other mobility news, Henrik Fisker, founder of the now-defunct EV startup Fisker, has surfaced with a new venture called Glogy Foods LLC. Details about the company are scarce, but its name has raised eyebrows. Meanwhile, Chinese autonomous vehicle company Pony AI has debuted on the Nasdaq, raising $5.25 billion in its initial public offering.

Pony AI's successful IPO comes after a de facto ban on foreign IPOs from Beijing, and investors are showing renewed interest in backing Chinese tech companies. The company's valuation has taken a hit, however, as it continues to operate at a loss while investing heavily in research and development.

Other deals that caught our attention include Ampeco's $26 million Series B round, which will help the EV charging platform scale its operations with major utilities companies across Europe. Rivian and Stellantis have also secured significant conditional loans to support their clean energy initiatives.

In the world of autonomous vehicles, Tesla is building a teleoperations team for its robotaxi service, while TuSimple co-founder and former CEO Xiaodi Hou is calling for the company's liquidation and return of funds to shareholders. California is planning to offer EV rebates if Trump's administration kills the federal tax credits currently available to Americans via the Inflation Reduction Act.

General Motors has taken a $5 billion hit due to weakness in its China business, and the company is selling its stake in the nearly completed Ultium battery cell plant in Lansing, Michigan, to its JV partner LG Energy Solution. EVgo and GM have also surpassed 2,000 public fast-charging stalls through their ongoing charging collaboration.

In other news, Hyundai, Kia, and Genesis are recalling around 208,000 EVs in the U.S. due to an issue that could cause the cars to suddenly lose power. The pope is getting his first electric popemobile, courtesy of Mercedes-Benz, and Northvolt, a Swedish battery manufacturer, has filed for Chapter 11 bankruptcy in the U.S. to reorganize and ramp up operations.

Revel is expanding its EV-charging empire in New York City, installing 24 fast chargers at JFK airport, and Joco, the NYC-based startup offering bright orange e-bikes to delivery workers, has managed to expand mainly on its own cash flow and become a profitable business. London, meanwhile, is cracking down on dockless e-bikes, announcing a new enforcement policy to restrict parking for the tens of thousands of e-bikes offered for rent by companies like Lime, Human Forest, and Dott.

Uber is expanding its gig worker model, hiring contractors for a new AI and data-labeling division called Scaled Solutions, which services both Uber and outside customers. The company is also under investigation by the Federal Trade Commission over allegations that it automatically signed people up for its Uber One subscription service and made it hard to cancel.

Finally, we got to test-drive Joco's custom-made orange e-bikes, which are designed for delivery workers and offer a smooth ride and convenient features like a built-in phone holder that charges your device on the go. Stay tuned for more transportation product reviews and news in the world of mobility.