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 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.
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost […]
The company's stock was down 3% in morning trading. “As we prepare the
On Thursday, the primary U.S. stock market benchmarks closed higher, with the S&P 500 increasing by 0.74% to reach 5,199.06. read more
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Elon Musk has reportedly indicated that Tesla will slash more than 10% of its workers."Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Musk noted in a message to employees, according to CNBC....
Tens of thousands of Tesla employees will be impacted by the company's latest layoffs. Tesla senior vice president Drew Bagliano and policy chair Rohan Patel are also leaving the company.
Tesla CEO and X (formerly Twitter) owner Elon Musk has reportedly called for the resignation of Brazilian Supreme Court justice Alexandre de Moraes. According to a report in news agency AFP, Musk has accused Moraes of censorship for blocking accounts suspected of spreading disinformation.
Tesla seeks Apple's testimony in court case over fatal 2018 Autopilot crash involving Apple engineer. Outcome could impact Tesla's legal strategy. read more
In January 2020, as it became clear that countries outside of China were reporting COVID cases, the taxpayer-funded World Health Organization instead spent its time publishing a series of 14 tweets about the dangers of vaping, including claims that e-cigarette liquid is “highly flammable,” that secondhand vapor is lethal to bystanders, and that there is no evidence that e-cigarettes help people to quit smoking, all of which are entirely false.It was a scurrilous thread deliberately designed to...
Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.