Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...
Tesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition.
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as the adoption of self-driving vehicles hits speed bumps over safety concerns.The billionaire boss of the electric car maker did not provide details, saying only in his post on X that the Tesla Robotaxi unveil will come on August 8.Tesla shares rose more than three percent in after-market trades following the post, after finishing the day down.Musk has long boasted of work Tesla is doing...
DETROIT >> Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year, and to move the electric car maker’s corporate home from Delaware to Texas.
The deal, if approved by shareholders and judges, would be the largest in corporate America.
A group of people protesting the ongoing invasion of Gaza gathered at the Fremont Warm Springs BART station at 5:30 p.m. to protest what they call the corporate support for the actions against Palestinians in Gaza.CHP said it is standing by off Interstate Highway 880 in Fremont due to the active protest. Pepper balls were deployed by Fremont Police to control the crowd, CHP said. At 7:30 p.m., Fremont Police released a traffic advisory for the area of Mission Boulevard/state Highway 262 at I-880...
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup.
With early glitches plaguing Tesla Cybertruck, questions are mounting over rushed production. After floating around the rumour mill for over two years, the Cybertruck was finally announced in November last year.Sporting a unique triangular body design, the Cybertruck was first introduced as a concept vehicle in November 2019. Tesla's battery electric medium-duty full-size pickup truck has been making headlines for the wrong reasons lately.Tesla Owners' Club forum is teeming with tales of the...
Tesla CEO Elon Musk posted "Tesla Robotaxi unveil on 8/8" on X, formerly Twitter, last week. abut Tesla's autonomous taxi, here.
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as adoption of self-driving vehicles hits speed bumps over safety concerns.The billionaire boss of the electric car maker did not provide details, saying only in his post on X that the "Tesla Robotaxi unveil" will come on August 8.Tesla shares rose more than three percent in after-market trades following the post, after finishing the day down.Musk has long boasted of work Tesla is doing on...