In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Tesla Inc. is reportedly set to lay off 693 employees at its Nevada facilities as part of the 10% layoff announced by the company. read more
Polestar has announced that prototype cells fitted to a version of its upcoming Polestar 5 flagship EV have been able to do a 10-80% charge in just 10 minutes. Polestar said last year that it would place the tech in a prototype Polestar 5 gaining 100 miles in 5 minutes—this project—by 2024, and it appears to have exceeded the original
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
CNN National Correspondent Nick Watt was forced to cut his live report short on Wednesday after being surrounded by anti-Israel protesters at the University of Southern California (USC). The atmosphere turned “unpleasant” as protesters attempted to “intimidate” Watt and his news crew, CNN reported. As Watt tried to continue his report, a protester wearing a […]
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
If you’re in the market for an electric vehicle buying a Tesla will now be a little less expensive.
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
More than half a million Hispanic workers are missing from the labor force, according to a new report, a shortfall that could present major problems for President Joe Biden‘s effort to win over the critical voting bloc. Since the pandemic, millions of jobs have been added, and the unemployment rate has returned to around where […]
Several Tesla cars are seeing a huge price drop just a week after Cybertrucks were physically recalled by the Elon-lead company
Real Madrid has received 'more than 10 inquiries' for one of its midfielders according to AS, which cited anonymous sources.
CEO Elon Musk postpones India trip ahead of results expected to show worst performance in seven yearsBusiness live – latest updatesShares in Tesla came under pressure on Monday after the electric carmaker announced a round of price cuts ahead of a difficult set of results for the company’s chief executive, Elon Musk.Tesla stock fell as much as 5% in early trading before recovering slightly to a deficit of 3.4% in the wake of the price reductions around the globe, including slashing the cost of...