Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk is seeking to prolong the recent wave of layoffs at the former company, The Information reported on Tuesday.The firin
Tesla is reportedly cutting additional jobs and two more top executives are gone after the electric vehicle giant slashed its workforce by 10% earlier this month. The Information reported that Tesla CEO Elon Musk sent an email to executives on Monday evening informing them that senior director of EV charging, Rebecca Tinucci, would be leaving the company on Tuesday, along with nearly all of her 500-person-strong Supercharger team. Tesla's director of vehicle programs and new product...
With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down 8% in extended trading. "In a highly challenged environment, this quarter's results do not reflect the power of our brand," CEO Laxman Narasimhan said. Demand in the United States decelerated for a second straight quarter as boycott movements impacted traffic at its stores, while a choppy macro environment weighed on demand for its pricier...
It looks like T-Mobile could be shaking things up with its monthly rate plan options. As reported by Deutsche Bank’s analyst, Bryan Kraft (via PhoneArena), the Un-carrier might need to increase its prices sometime in June. The analyst said: “T-Mobile has been more measured than its large competitors in talking price, actually doing very little to date. While T-Mobile now seems about to take a somewhat larger [read full article]
Verizon has also partnered with streaming services to attract customers. Starting last Thursday, its latest promotional bundle includes six months of free access to Disney's services for new and existing customers on some plans. In December, it began offering discounted subscriptions to Netflix and Max on some myPlan bundles.
Deutsche Bank reported first-quarter earnings on Thursday.
Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal.
Earlier this month, CEO Elon Musk announced Tesla will slash its workforce by 10%.
"The Daily Beast" is hiring a senior reporter to cover Jeff Bezos' fiancé, Lauren Sánchez. about the role and new CCO Joanna Coles' appointment, here.
Stagnant Tesla sales flatten EV growth in California. Toyota sets up shop for all things hydrogen. And a drive of the Lucid Gravity tells us that it’s built on a layer of Air but adds much more. This and more, here at Green Car Reports. A brief Lucid Gravity prototype test drive was enough to tell us that this upcoming EV will offer a unique layout
Bank of America thinks Tesla's first-quarter results mark the start of a
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.