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...
Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
The Musk-led firm’s revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
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 is voluntarily recalling nearly 4,000 Cybertrucks due to a problem with the accelerator pedal while Elon Musk recently dropped down the list of the world’s richest people.
Tesla has officially recalled its Cybertruck after finding a flaw with the pedal. Approximately 3,878 vehicles are under the recall announced Friday. READ MORE: Elon Musk quietly confirmed that
The news that the truck's accelerator pedal can get stuck and cause a crash
OpenAI will represent about 4% of the Ark venture fund’s holdings.
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
MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,489.82, for a total value of $7,449,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Salesforce, Inc. (NYSE:CRM – Get Free Report) CEO Marc Benioff sold 15,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $295.74, for a total value of $4,436,100.00. Following the completion of the sale, the chief executive officer now owns 12,928,721 shares in the […]