In a brief email to staffers on Wednesday, Tesla CEO Elon Musk said the company sent incorrect severance packages to some employees who lost their jobs.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Elon Musk, CEO of Tesla, is being called upon to clarify the circumstances surrounding the recent layoffs at the company. The move comes in the wake of a challenging period for the electric vehicle giant, with investors seeking reassurances. read more
Tens of thousands of Tesla employees will be impacted by the company's latest layoffs. Tesla senior vice president Drew Bagliano and policy chair Rohan Patel are also leaving the company.
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...
The Tesla Cybertruck is, for all its sharp angles, a Rorschach test. I saw one in the wild for the first-time last week, the gray behemoth slowly pulling through an intersection in my neighborhood. It drew the reaction its driver likely wanted out of two bystanders, both men, who seemed impressed by the shiny steel chassis. For my part, I could only see a very large pile of money, on wheels and on fire in the hopes of drawing envious glances. There are arguably two arsonists in this metaphor:...
Making users pay is only way to stop bots taking over platform
Tesla is shifting its focus from electric vehicles to the self-driving Robotaxi program despite Model Y's success as a key revenue engine.
X owner Elon Musk announced Monday that new users would soon need to pay a small fee to post on the site.
Tesla boss Elon Musk said: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry."
Elon Musk said X will soon start charging new users who want to post on the platform to combat the bot and spam account problem. about X changes, here.
Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affectedBusiness live – latest updatesTesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices.The chief executive, Elon Musk, announced “the difficult decision” in a memo first reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report....