As Tesla's stock slumped in 2024, Elon Musk has turned his focus to other ventures, most notably by taking a more active role in turning X back into Twitter.It is also no secret that Tesla's shine has dimmed in 2024. The Musk-owned automotive company faces declining demand for electric vehicles and intensifying challenges in the Chinese market. Even typically optimistic analysts like Wedbush's Dan Ives were harsh, calling Tesla's most recent quarter a "trainwreck."Mirroring Tesla's stock...
The board is asking shareholders to approve Musk’s compensation package after it was struck down by a Delaware judge.
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 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...
(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
The deal, if approved by shareholders and judges, would be the largest in corporate America.
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.
When Elon Musk bought Twitter, he found millions of documents that showed collusion between the White House and Twitter employees to censor Americans. These became known as the Twitter files. Robert F. Kennedy Jr. was one American specifically targeted in those documents. “The government put pressure on a corporation to silence you. That is, by most legal standards, that would be a violation of the First Amendment,” Dave Rubin says. Rather than ignoring them, Musk then invited...
Benzinga looks at how Elon Musk's public comments on the popular DOGE memecoin has affected its perceived value.
From Monday to Tuesday of this week, the social media platform X (formerly Twitter)—Elon Musk’s sanctum of free speech—briefly became a scammers’ paradise because of an executive decision to change the free speech of posts he didn’t like. Since the site’s rebrand in July, the team at what’s now X has been urging the media, the public, and the platform’s own users to retire “Twitter,” “Twitter.com,” “tweet,” “retweet,” and other words from their lexicon. But habits die hard when they involve...