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
The newest round includes Tesla's policy team, director of new products,
Tesla will lay off 693 workers from its Gigafactory in Sparks, according to a notice filed last week with the Nevada Department of Employment, Training and Rehabilitation.
After-Hours Stock Movers: Tesla (NASDAQ:TSLA) gained 5% after the EV OEM
Frustrated by falling sales and the pace of layoffs carried out by his lieutenants, Tesla CEO Elon Musk is thinning his senior management team and laying off hundreds more employees. In an email late Monday to senior Tesla executives, Musk said Rebecca Tinucci, senior director of the company’s
AUSTIN, Texas >> Police tangled with student demonstrators in Texas and California while new encampments sprouted Wednesday at Harvard and other colleges as school leaders sought ways to defuse a growing wave of pro-Palestinian protests.
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In an email obtained by CNBC Wednesday, Tesla CEO Elon Musk informed staffers that the severance packages sent to some of the 14,000 workers laid off this week were “incorrectly low.” Musk apologized for the mistake, stating that the problem is being “corrected immediately.” This week’s layoffs came as the company prepares for “its next phase of growth,” Musk stated in an email Sunday, citing the need to cut costs and increase productivity. Additionally, the EV maker continues to face...
Layoffs represent a 12 percent cut in Tesla’s headcount in the Austin area
Bella Hadid is saying "howdy" to a new beginning. The supermodel revealed she moved to Texas as a way to step back from the modeling world after feeling like the fashion industry was no longer
It’s only been two weeks since Tesla began reducing its workforce by ten percent, a move that impacted at least 14,000 staffers. Now, even more pink slips are coming. The company let go of two senior executives today and plans to lay off hundreds more employees, as reported by The Information. These layoffs impact the entire Supercharger team, including senior director Rebecca Tinucci and 500 staffers. Daniel Ho, head of the new vehicles program, was also laid off, along with his team. Tesla’s...
Barely two weeks after initiating layoffs for at least 14,000 staffers, Tesla is now reportedly laying off hundreds more — including senior executives and the majority of its Supercharging team. According to an email first reported by The Information and then Electrek, the automaker’s senior director of EV charging Rebecca Tinucci is leaving the company on Tuesday, alongside most of the 500-person team she oversaw. Tesla’s head of the new vehicles program, Daniel Ho, is also out along with his...