Josh Bowling, Abby Hensel's husband, has been cleared in a paternity suit filed by his ex-wife Annica Bowling, whom he divorced in 2019. The suit arose when Annica claimed Josh might have fathered a child born after their divorce, however, a genetic test proved otherwise. A Minnesota District Court has now acknowledged the true paternity of the child in question, relieving Josh of any parental responsibility
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...
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.
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.
Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, four people familiar with the matter say. Tesla and Modi’s office did not immediately respond to requests for comment. After Reuters reported his India trip plans […]
Tesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition.
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
Branded is a weekly column devoted to the intersection of marketing, business, design, and culture. Love him or hate him, Elon Musk attracts as much attention as any CEO in memory. The latest example: this week’s Tesla earnings call, an obligatory event that at times seemed to be anticipated as a borderline cultural happening. Of course, a public company with a whopping market cap like Tesla’s will draw plenty of investor interest in its latest numbers. Of course, there were the usual...
Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.
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The Tesla Cybertruck is, for all its sharp angles, a Rorschach test. I saw one in the wild for the first-time last week, the gray behemoth slowly pulling through an intersection in my neighborhood. It drew the reaction its driver likely wanted out of two bystanders, both men, who seemed impressed by the shiny steel chassis. For my part, I could only see a very large pile of money, on wheels and on fire in the hopes of drawing envious glances. There are arguably two arsonists in this metaphor:...