Tesla CEO Elon Musk acknowledged in an email to recently laid-off staff that some employees may have received incorrectly low severance offers. This comes after the company began notifying staff about their severance packages."As we reorganise Tesla, it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. "My apologies for this mistake. It is being corrected immediately."On Monday, electric vehicle manufacturer Tesla announced a workforce...
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance […] © 2024 TechCrunch. All rights reserved. For personal use only.
Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. What memo said on Google's restructuring plans?Ruth Porat wrote in the memo as per the report, “The tech sector is in the midst of a tremendous platform shift with Al. As a company, this means we have the opportunity to make more...
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
WCCB has emails into the FBI and the U.S. Department of Transportation about a local woman's experience with a moving company.
After a dismal quarter for Tesla, CEO Elon Musk tried to reassure investors the company’s real value was its effort to perfect self-driving cars.
Rapper, 36, initially detailed accident involving costly vehicle last month. He said that brake pedal broke and safeguards didn't activate. Philadelphia native said Hummer EV broke down four hours after he got it
Elon Musk’s visit to China has resulted in approval in principle for FSD in China and a FSD mapping partnership with Baidu. Here’s what you need to know: • Tesla Inc. received in-principle approval to deploy driver-assistance system in China • Tesla did manage to clear two of the most important hurdles: reaching a mapping
Kamille says she's been signed for several months. Kamille was a cornerstone of the National Wrestling Alliance under Lightning One. However, she left the promotion and entered free agency at the start of 2024. As the calendar looks to switch to May, Kamille has not emerged in any particular promotion. Still, she claims that she signed. In a new post on X, she answered a fan who was questioning her contract status by claiming that she has been signed since February. She did not say where she...
Chief Executive Officer of ASML Holding NV, Peter Wennink, declared Wednesday that 2024 is a "transition year" for the company. "We see 2024 as a transition year with continued investm
The newest round includes Tesla's policy team, director of new products,
By Jason Powell, ProWrestling.net Editor