While Tesla attributes the layoffs to hiring challenges stemming from rapid expansion, a deeper layer of restructuring is occurring in Austin, Texas.
Tesla boss Elon Musk gave workers the bad news in an internal memo sent over the weekend. "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 prepareRead Entire Article
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
Thousands were without power after severe storms Sunday night.
Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces declining sales. The prices of the Model X, Model Y and Model S — three of its four best-selling vehicles — were each reduced by $2,000, days after the company recorded below-anticipated delivery figures for the first quarter
Recall represents another 'black eye' for the company which saw its share
After-Hours Stock Movers: Tesla (NASDAQ:TSLA) gained 5% after the EV OEM
Unlike SpaceX CEO Elon Musk's first two live Starship presentations at the company's Boca Chica/Starbase production and testing complex, members of the media were not invited to an April 4 presentation at the site, only SpaceX employees.
The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production. A report by Bloomberg on Thursday stated that the plant has been shipping products in recent weeks while readying two units to Read More
Presto Automation, a company that specializes in supplying artificial intelligence solutions to popular fast food chains including Del Taco, Hardee's and Carl's Jr., is a leading innovator in the drive-thru order-taking chatbot space. Even the firm's most advanced voice assistant technology, which has gone through several iterations, is only aboutRead Entire Article
Honda is well underway on a $700 million effort to retool three of its plants and create a new $3.5 billion battery plant for U.S. EV mass-production. But it’s also emphasizing how much flexibility it has in the shift to accommodate that production. As it confirmed Friday, it would potentially be able to make hundreds of EVs per day at its
All the fussing about the inevitable submergence of Earth’s islands and flooding of its continental coasts is debunked by simple island-watching. In a fit of unintelligent climate foresight that would leave Greta Thunberg’s jaw agape, today the United Nations’s executive climate secretary, Simon Stiell, prophesied that humanity has two years left “to save the world” […]