Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Justices reject appeal from CEO, who said requirement amounts to ‘prior restraint’ on his speech in violation of first amendmentThe supreme court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior...
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...
Musk responded to a parody video by YouTuber Ross Smith featuring two women
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings. Tesla stock fell for the seventh straight day, closing at $142.05, its lowest price since closing at $133.42 on Jan. 20, 2023. Since
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...
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
The electric carmaker’s Cybertruck was recalled last month after safety concerns emerged over the accelerator pedal. Kari Paul reportsLast month Tesla recalled its Cybertrucks after malfunctions involving the accelerator pedal were reported. It is the latest blow for the US electric carmaker, which has been hit by a series of embarrassing failures since the Cybertruck was delivered to customers late last year.Kari Paul, a technology reporter for Guardian US, talks to Michael Safi about Tesla’s...
Elon Musk wants there to be no doubt that Tesla needs to be "hardcore."Musk reaffirmed the company's need for meaningful layoffs and cost-cutting in an email late Monday night, according to a report from The Information.In the email, Musk announced the departure of two executives at the company: Rebecca Tinucci, senior director of the company's Supercharger group, and Daniel Ho, head of new products, according to the report.All staff reporting to the executives would also be cut, although a...
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....
Tech billionaire and Tesla CEO Elon Musk was in China for talks on Sunday, making his second trip in less than a year to the world's biggest market for electric vehicles. Chinese state broadcaster CCTV said Musk -- one of the world's richest people -- held a meeting with a