Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.The reduction, Musk reasoned, should match the reduction in vehicle deliveries between the fourth quarter of 2023 and the first quarter of 2024, per Bloomberg.Earlier this month, Tesla said it delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the previous quarter. The delivery drop was the company's lowest quarterly...
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Tesla is pushing hard to get shareholder approval for Elon Musk's compensation plan, even though a judge recently ruled against it. The company argues that the package is essential for Tesla's future achievements.The critical question remains: why does Tesla's board believe a $55 billion compensation package is justified for Elon Musk? The company frames it as a matter of respect and fair treatment for their CEO.Tesla is seeking shareholder approval to reinstate Musk's controversial £44 billion...
In a brief email to staffers on Wednesday, Tesla CEO Elon Musk said the company sent incorrect severance packages to some employees who lost their jobs.
Musk responded to a parody video by YouTuber Ross Smith featuring two women
Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his skepticism about Musk's management style in light of the Cybertruck delivery delays. read more
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These
Elon Musk may be living on borrowed time as CEO of Tesla, as the Cybertruck stalls and the stock falls. Why price cuts won't help.
X just announced a smart TV app for streaming video. Or, more accurately, that it claims it's building one, with absolutely no launch date mentioned. The appropriately-named X TV wants to be “your go-to companion for a high-quality, immersive entertainment experience on a larger screen.” By high-quality entertainment, X likely means that one Tucker Carlson video where he’s really impressed by grocery carts in Russia. That’s not a joke. Carlson is featured prominently in the little teaser video....
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.The electric car maker, which enjoyed scorching growth for most of 2022 and 2023, has experienced setbacks that analysts say have raised the stakes for the first-quarter report.Tuesday's earnings and conference call are a moment of truth for Tesla and Musk, constituting one of the most important...
Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.