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...
Tesla CEO Elon Musk refuted a Reuters report claiming that his automobile company is scrapping plans for a £19792.63 ($25,000) electric vehicle. The 52-year-old billionaire accused the outlet of "lying."Reuters, citing three anonymous sources, reported that Tesla had abandoned its project for a low-cost electric car, codenamed Model 2. The Reuters folks, who claim to have reviewed internal Tesla documents, suggest the project is dead.Responding to the report via an X post, Musk wrote: "Reuters...
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.
The news that the truck's accelerator pedal can get stuck and cause a crash
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
Tesla has decided to reduce the price of its 'full self-driving' subscription by half to $99 per month. This decision has led Gene Munster, Managing Partner at Deepwater Asset Management, to predict the end of manual driving. read more
OpenAI will represent about 4% of the Ark venture fund’s holdings.
Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.
Billionaire Elon Musk on April 9 claimed that the Brazilian employees of his social media site X (formerly known as Twitter), are being threatened with arrest. The tech mogul further added that all details he has on Brazilian Supreme Court judge Alexandre de Moraes will be shared after his employees are safe.“We need to get our employees in Brazil to a safe place or otherwise not in a position of responsibility, then we will do a full data dump. They have been told they will be arrested,” he...
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...