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Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Elon Musk plans to charge new X users to enable posting: Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to ...
techcrunch.com/2024/04/15/elon-musk-plans-to-charge-new-x-users-to-enable-posting/
Quick Glance: Musk Plans Fee for New X Users
- Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.
- The fee is set to be waived after three months to allow free posting.
- Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.
- Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
qz.com/tesla-musk-meta-facebook-zuckerberg-wealth-stock-1851419657
Tesla's Layoffs Won't Solve Its Growing Pains: The car company popularized EVs. Now, facing intense competition from China, it has to figure out what to do next.
wired.com/story/tesla-robotaxi-pivot-china/
Drive-Through Car Wash Was Too Much for Tesla Cybertruck: "That's the only thing I've done that's different. Then I pulled it in the garage, and nothing."
gizmodo.com/drive-through-car-wash-was-too-much-for-tesla-cybertruc-1851420356
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Elon Musk’s Grok keeps making up fake news based on X users’ jokes: X likely hopes to avoid liability with disclaimer that Grok "can make mistakes."
arstechnica.com/tech-policy/2024/04/elon-musks-grok-keeps-making-up-fake-news-based-on-x-users-jokes/
Tesla cancels some layoff separation agreements: Some laid off Tesla workers received a notification that their separation agreement had been canceled.
businessinsider.com/tesla-cancels-some-layoff-separation-agreements-2024-4
US supports UN reform: Biden admin on Musk's remarks on UNSC seat for India: The US supports much-needed reform of the United Nations, including the Security ...
business-standard.com/external-affairs-defence-security/news/us-supports-un-reform-biden-admin-on-musk-s-remarks-on-unsc-seat-for-india-124041800583_1.html
Quick Glance: US Blocks UN Resolution for Palestinian Full Membership
- In the Security Council, 12 countries voted for a UN resolution recommending full Palestinian membership, with the US opposing and two countries abstaining.
- The US argued that Palestinian membership should result from negotiations between Israel and Palestinians to enable a two-state solution.
- The Palestinian delegation emphasized that UN membership is a crucial step for peace in the region and criticized the Israeli government for its rejection.
- Israel rejected the resolution and warned of its potential impact on future dialogues, especially in light of the recent escalation of violence in Gaza.
Tesla stock just hit a new 52-week low after analysts said investors may start 'tossing in the towel'
qz.com/tesla-ev-elon-musk-stock-downgrade-deutsche-analyst-1851419223
Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system: Aerospace and defense company Northrop Grumman is working with SpaceX ...
reut.rs/4aBz8OU
Elon Musk apologizes to laid-off Tesla employees for severance error: In a brief email, the CEO assured the company was working to remedy the mistake.
sfchronicle.com/tech/article/elon-musk-apologizes-tesla-severance-packages-19410249.php
Musk’s next big payday matters more than his last: Yesterday’s paycheck is a poor guarantee of good work tomorrow. Electric-car maker Tesla is asking investors ...
reuters.com/legal/transactional/musks-next-big-payday-matters-more-than-his-last-2024-04-17/
Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says: A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in ...
bloomberg.com/news/articles/2024-04-18/tesla-tsla-bull-david-baron-warns-ditching-cheaper-model-2-thesis-changing
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Tesla discloses it spent $200,000 advertising on X: Here’s one advertiser that social media platform X doesn’t have to worry about losing because it’s turned off ...
cnn.com/2024/04/18/business/elon-musk-tesla-advertises-on-x/
Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal: Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore ...
reuters.com/legal/tesla-tries-legal-band-aid-revive-musks-huge-pay-deal-2024-04-18/
Tesla seeks to award Elon Musk $56bn pay package: The deal, if approved by shareholders and judges, would be the largest in corporate America.
bbc.com/news/articles/cqqndqndpq5o
Elon Musk apologizes for 'incorrectly low' Tesla severance: report: The Tesla CEO told workers in an email that the mistakes were "being corrected immediately."
businessinsider.com/elon-musk-tesla-apologizes-severance-packagaes-layoffs-2024-4
Job cuts at Tesla: Elon Musk would love to be a visionary: The Tesla boss wants to be special and save the world. But the current employee layoffs are neither ...
tagesanzeiger.ch/stellenabbau-bei-tesla-elon-musk-waer-so-gern-ein-visionaer-239188072200
Satirist irritates with video: Did Jan Böhmermann cave in?: In his podcast, Jan Böhmermann has been talking for a long time about wanting to buy an electric car ...
n-tv.de/leute/Ist-Jan-Boehmermann-eingeknickt-article24882828.html
T. Rowe Price says 2018 Tesla pay aligned with investor interests: Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla ...
reuters.com/business/autos-transportation/t-rowe-price-says-2018-tesla-pay-aligned-with-investor-interests-2024-04-18/
3 Leadership Insights From Elon Musk's Strategic Blunders: Give customers unbeatable value, bolster your competitive weaknesses, and face reality.
inc.com/peter-cohan/3-leadership-insights-from-elon-musks-strategic-blunders.html
Tesla asks shareholders to reapprove huge Musk compensation package: The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37 percent ...
lemonde.fr/en/international/article/2024/04/18/tesla-asks-shareholders-to-reapprove-huge-musk-compensation-package_6668778_4.html
Hyundai pauses X ads over pro-Nazi content on the platform: Hyundai's statement comes after an NBC News report identified at least 150 Premium accounts on X ...
nbcnews.com/tech/tech-news/hyundai-pauses-x-ads-nazi-content-platform-rcna148414
Wall Street wants answers from Elon Musk on Tesla's Model 2 car: Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive ...
reuters.com/business/autos-transportation/wall-street-wants-answers-musk-teslas-affordable-car-2024-04-17/
Tesla CEO Elon Musk apologizes for 'incorrectly low' severance packages after mass layoffs
qz.com/tesla-elon-musk-apologizes-layoffs-severance-1851418616
Elon Musk Says New X Users Will Soon Have to Pay to Post on the Platform: Elon Musk said X will soon start charging new users who want to post on the platform to ...
entrepreneur.com/business-news/elon-musk-says-new-x-users-will-be-charged-a-fee-to-post/472864
Elon Wants His Money Back: Tesla to Texas, banker breakup fees, Destiny Tech100 and WhatsApp at the SEC.
bloomberg.com/opinion/articles/2024-04-17/elon-wants-his-money-back
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Tesla asks shareholders to restore Elon Musk’s $56bn pay deal: Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’.
aljazeera.com/economy/2024/4/18/tesla-asks-shareholders-to-restore-elon-musks-56bn-pay-deal
Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
cnbc.com/2024/04/17/tesla-says-in-email-it-sent-some-incorrectly-low-severance-packages.html
Elon Musk's Grok AI Pushes False News Stories About Indian Election, Iran Strike: X users were surprised to see that Prime Minister Modi was 'ousted' in a ...
pcmag.com/news/elon-musks-grok-ai-pushes-false-news-story-about-indian-election-more
Why Is Elon Musk Dragging His 3-Year-Old Around the World?: Elon Musk has taken to bringing his 3-year-old son X to events around the world ...
nymag.com/intelligencer/article/why-is-elon-musk-dragging-his-3-year-old-around-the-world.html
Temporary workers initially affected: Tesla separates from 300 employees in Germany
n-tv.de/wirtschaft/Tesla-trennt-sich-von-300-Mitarbeitern-in-Deutschland-article24882129.html
India Elections: An Election Meme War Unfolds As Modi's BJP Outspends Opposition
bloomberg.com/news/articles/2024-04-17/india-elections-an-election-meme-war-unfolds-as-modi-s-bjp-outspends-opposition
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Elon Musk’s ‘not bad’ review thrusts Meta’s Llama 3 AI into spotlight: Meta's open-source AI model, Llama 3, earns praise from Elon Musk and experts ...
venturebeat.com/ai/elon-musks-not-bad-review-thrusts-metas-llama-3-ai-into-spotlight/
Quick Glance: Tech Giants Compete in Japan for AI Development
- US tech firm OpenAI establishes first Asia office in Tokyo.
- The company plans to develop a new generative AI model specializing in Japanese language and culture.
- Microsoft invests $2.9 billion in the AI industry in Japan.
- Japanese companies prioritize versatile AI systems and launch AI safety research centers.
Tesla worker laid off weeks after joining says he can't pay rent: A man told KVUE that he was hired to work at Tesla's Texas plant a few weeks ago ...
businessinsider.com/tesla-worker-laid-off-ev-transport-texas-rent-2024-4
Kevin Durand Wants In On A24's Elon Musk Biopic: The Abigail actor revealed he often gets mistaken for the tech mogul behind X and Tesla.
gizmodo.com/kevin-durand-elon-musk-biopic-cast-a24-darren-aronofsky-1851414851
Tesla launches website to convince shareholders to vote for Elon’s $55 billion payday
electrek.co/2024/04/18/tesla-launches-website-convince-shareholders-vote-elon-55-billion-payday/
Tesla’s Strategy Shifts Are Following Elon Musk’s AI Whims: The carmaker’s founder is focused elsewhere. Plus: What’s behind that insurance bill.
bloomberg.com/news/newsletters/2024-04-17/tesla-s-strategy-shifts-are-following-elon-musk-s-ai-whims
Wall Street Prescription for Uncertainty? Maybe It’s Just T-Bill and Chill: Markets have ‘extended and pretended,’ so perhaps there is something to say for ...
bloomberg.com/news/newsletters/2024-04-17/wall-street-prescription-for-uncertainty-maybe-it-s-just-t-bill-and-chill
What Does Tesla Stock's Latest Slide Mean for Investors?: Tesla stock is down more than 35% in 2024 and the company just announced layoffs ...
kiplinger.com/investing/stocks/what-does-tesla-stocks-latest-slide-mean-for-investors
How much severance laid-off Tesla workers get: Five former workers told Business Insider that Tesla's severance offer included two months' pay.
businessinsider.com/tesla-layoffs-severance-agreement-pay-benefits-details-2024-4
CNBC Inside India: Musk and Modi: Tesla chief Elon Musk is set to meet Indian Prime Minister Narendra Modi soon, and the timing couldn't be any better.
cnbc.com/2024/04/18/cnbc-inside-india-musk-and-modi.html
Etsy entrepreneur exposes Tesla shortcomings to new owners taking delivery: Quality control is so bad at Elon Musk's automaker that new Tesla owners are taking ...
thestreet.com/electric-vehicles/an-etsy-entrepreneur-is-exposing-teslas-shortcomings-to-new-owners-taking-delivery
Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
- Per Lekander labels Tesla as the largest stock market bubble in modern history.
- He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.
- Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
Tesla Started Laying Off 14,000 Employees. It Couldn't Have Gone Worse: How you handle layoffs says a lot about what you value as a leader.
inc.com/jason-aten/tesla-started-laying-off-14000-employees-it-couldnt-have-gone-worse.html
Tesla's rough year: slumping sales, layoffs, growing China competition: Tesla's sales slump and massive layoffs have ratcheted up the pressure on CEO Elon Musk ...
businessinsider.com/tesla-rough-year-sales-slump-layoffs-china-ev-competition-2024-4
Collapse of Ellies points to much larger issue in SA’s world of business development
dailymaverick.co.za/opinionista/2024-04-16-collapse-of-ellies-points-to-much-larger-issue-in-sas-world-of-business-development/
Elon Musk Is Fighting Tooth and Nail for His $56 Billion Tesla Pay Package: A judge tossed out his big payday, so the billionaire is appealing directly to Tesla ...
thedailybeast.com/elon-musk-is-fighting-tooth-and-nail-for-his-dollar56-billion-tesla-pay-package
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Tesla's Full Self-Driving keeps driving cars into curbs, drivers say: It’s difficult to tell if this curb hopping problem is new due to a change in the vehicle ...
qz.com/tesla-full-self-driving-cars-curbs-elon-musk-software-1851415347
Why Boeing chief’s $33mn pay is hard to justify: Dave Calhoun was awarded a 45% increase in total pay last year
ft.com/content/c3683fda-f4c6-44d2-bb1b-0eeab5af0f76
Elon Musk says Tesla needs a 'complete organizational overhaul' : "That said, our executive tenure is unusually high at well over 10 years at Tesla ...
businessinsider.com/elon-musk-says-tesla-needs-a-complete-organizational-overhaul-2024-4
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Tesla's Musk likely to unveil $2-$3 bln India investment during visit, sources say
reuters.com/business/autos-transportation/teslas-musk-likely-unveil-2-3-bln-india-investment-during-visit-sources-say-2024-04-17/
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
cnbc.com/2024/04/17/tesla-is-laying-off-285-employees-in-buffalo-new-york-as-part-of-a-broad-restructuring.html
U.S. tech CEOs give India PM Modi boost ahead of election: India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of ...
cnbc.com/2024/04/18/india-election-apple-tesla-investments-boost-modi.html
Tesla Doesn't Want to Disclose How Many Harassment Cases It Faces: The Tesla board rejects a proposal to release an annual report on pending harassment and ...
pcmag.com/news/tesla-doesnt-want-to-disclose-how-many-harassment-cases-it-faces
The EV market is in trouble: The latest sign is Tesla's layoffs: The drive to electrify personal cars in California has, at best, hit a rough patch ...
latimes.com/environment/story/2024-04-16/the-ev-market-is-in-trouble-the-latest-sign-is-teslas-layoffs
Tesla spent $200,000 to advertise on Elon Musk’s X so far: Tesla confirmed that it spent $200,000 to advertise on Elon Musk’s X, formerly Twitter, so far ...
electrek.co/2024/04/17/tesla-spent-advertise-elon-musk-x-so-far/
Musk wants to make new X users pay for posts: It is a "tiny amount" that is intended to help curb automated bot accounts.
diepresse.com/18371712/musk-will-neue-x-nutzer-fuer-posts-bezahlen-lassen
Höcke trial because of SA slogans: excuses from a history teacher: Höcke uses Nazi vocabulary to shift the boundaries of memory politics and to put the Nazi era ...
taz.de/!6004606/
Quick Glance: Charges Against Höcke: What Awaits Him?
- The trial against AfD leader Höcke revolves around the use of a banned SA slogan.
- Höcke is accused of using symbols of unconstitutional organizations.
- He denies understanding the significance of the 'Alles für Deutschland!' slogan.
- A conviction could impact the ongoing state election campaign in Thuringia.
Elon Musk's rocket company SpaceX: Bad start: The company SpaceX is testing rockets in Texas that will take humanity to Mars - and is already leaving ...
taz.de/!6001741/
Musk Urges Tesla Management Shakeup Every Five Years: In pursuit of an undefined 'next level,' the volatile founder says the EV maker could benefit from a ...
inc.com/kit-eaton/musk-urges-tesla-management-shakeup-every-five-years.html
Tesla (TSLA) Asks Shareholders to Re-Ratify Elon Musk’s $56 Billion Payout: Tesla Inc. asked shareholders to vote again on the same $56 billion compensation ...
bloomberg.com/news/articles/2024-04-17/tesla-asks-shareholders-to-re-ratify-musk-s-56-billion-payout
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Pakistan blocked Elon Musk’s X, formerly Twitter, over national security concerns
english.alarabiya.net/News/world/2024/04/17/pakistan-blocked-elon-musk-s-x-formerly-twitter-over-national-security-concerns
Tesla plan to re-run vote on Elon Musk’s record pay deal—now worth $45bn—has a fatal flaw, warns Tulane law professor
fortune.com/2024/04/18/elon-musk-tesla-pay-compensation-shareholder-vote-lawsuit-delaware-tulane/
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Legal Implications of Musk's Pay, Tesla's Move to Texas Explained: Elon Musk’s car company on Wednesday proposed to grant him the same $56 billion pay ...
bloomberg.com/news/articles/2024-04-17/elon-musk-s-pay-and-a-move-to-texas-tesla-s-proxy-tests-the-law
Elon Musk Gets Owned By Elden Ring Morse Code Master: The tiresome troll tries and fails to diss an amazing gaming achievement
kotaku.com/elden-ring-elon-musk-morse-code-twitter-1851415527
Tesla Shareholders to Vote on Elon Musk’s $55.8 Billion Pay Package: The billionaire’s pay package was recently struck down in court.
wsj.com/business/tesla-shareholders-to-vote-on-ceo-elon-musk-pay-moving-incorporation-to-texas-from-delaware-6d0ab1de
Verified Nazi accounts flourish on X: At least 150 users with paid subscriptions spread Hitler worship and Holocaust denial, their content reaches millions of ...
derstandard.at/story/3000000216215/auf-x-florieren-verifizierte-nazi-accounts
Will Elon Musk Revive Vine? New X Poll Could Answer: Billionaire Elon Musk, the world’s third-richest person, hinted he could revive short-form video app Vine.
forbes.com/sites/brianbushard/2024/04/17/will-elon-musk-revive-vine-new-x-poll-could-answer/
Investors want answers from Musk on affordable car: Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 ...
theglobeandmail.com/world/video-investors-want-answers-from-musk-on-affordable-car/
Cars driven by Elon Musk, Sam Altman, Jeff Bezos: Some tech moguls favor luxury sports cars like McLarens, while other favor unassuming sedans like Ford Fusions.
businessinsider.com/what-cars-rich-tech-ceos-drive
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'Franklin's Michael Douglas Tells 'The View' Why Elon Musk Is Like Benjamin Franklin: "He Liked The Ladies"
decider.com/2024/04/16/franklin-michael-douglas-the-view-elon-musk-like-benjamin-franklin/
Quick Glance: Michael Douglas defends farting as Benjamin Franklin
- Michael Douglas expresses no remorse for his portrayal of flatulence as a founding father.
- In an interview with Sirius XM's The Jess Cagle Show, the Wall Street actor defended the scene in his Apple TV+ series Franklin where his Benjamin Franklin repeatedly breaks wind. Douglas delved into a book about Franklin and used 'Fart Proudly' to counter critics.
- Indeed, Franklin penned an essay titled 'Fart Proudly' in 1781, delving into the science of flatulence and proposing ways to turn its odor into a pleasant scent.
- The Apple TV+ series, based on A Great Improvisation: Franklin, France, and the Birth of America by Pulitzer Prize winner Stacy Schiff, narrates Franklin's endeavor to persuade the French government to back the American revolution.
Greece prepares for ‘population collapse’ amid rising deaths, potentially 1st country to face such crisis
wionews.com/world/greece-prepares-for-population-collapse-amid-rising-deaths-potentially-1st-country-to-face-such-crisis-711619
Colorado enacts bill stopping tech companies sharing your brain waves: Colorado lawmakers signed a law to protect biological and neural data from being shared by ...
businessinsider.com/colorado-signs-bill-protect-privacy-rights-neurotechnology-neuralink-musk-2024-4
Express View on FDI in space: Opening up: Liberal FDI regime is of a piece with India's growing stature as a space-faring nation ...
indianexpress.com/article/opinion/editorials/express-view-on-fdi-in-space-opening-up-9278413/
X blocks India election posts after takedown orders: Social media platform X has blocked several posts in India containing political speech after authorities ...
thedailystar.net/news/asia/india/news/x-blocks-india-election-posts-after-takedown-orders-3588971
Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
U.S. committee releases sealed Brazil court orders to Musk’s X, shedding light on account suspensions
theglobeandmail.com/world/article-us-committee-releases-sealed-brazil-court-orders-to-musks-x-shedding/
Jane Street Wants Its Secrets Back: A [redacted] trading strategy, Elon Musk’s options math, BloomTech loans, private equity skin in the game and AI investment ...
bloomberg.com/opinion/articles/2024-04-18/jane-street-wants-its-secrets-back
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Tesla moves to shed Austin’s environmental oversight of gigafactory: The move comes after Elon Musk said in 2020 that the factory would be 'basically an ...
houstonchronicle.com/business/article/tesla-austin-gigafactory-19409983.php
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