Elon Musk's wealth has fallen behind rival billionaire Mark Zuckerberg. Musk's wealth is tied to the success of Tesla, the electric car company
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...
This French tastemaker came from a wealthy family and turned millions into
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...
Investor points finger at CEO’s antics on X, but analysts say ‘train wreck’ quarter more down to problems in China and with EV demandFor one Tesla investor, the cause of Tuesday’s underwhelming sales figures was clear: the chief executive.“Basically, Tesla can’t sell its cars due to Elon’s behaviour,” wrote Ross Gerber, the chief executive of the investment management firm Gerber Kawasaki. “Let’s stop blaming the Houthi rebels or German environmental terrorists. Or a recession that never came....
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.
BUFFALO -- The Washington Capitals lost hold of a wild card spot after a 4-2 loss to the Buffalo Sabres at KeyBank Center on Thursday.The Pittsburgh Penguins surpassed the Capitals by one point for the second wild card into the Stanley Cup Playoffs from the Eastern Conference with a 6-5 overtime victory against the Detroit Red Wings on Thursday. Washington has three games remaining. Connor McMichael and Tom Wilson scored, and Charlie Lindgren made 13 saves for the Capitals (37-31-11), who...
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...