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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
- Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.
- Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.
- The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.
- Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
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: Shareholders Called upon to Support Elon Musk's Compensation at Tesla
- Tesla is seeking approval from shareholders for CEO Elon Musk's compensation, which was recently invalidated by a Delaware court.
- The shareholder vote will take place during the company's annual meeting on June 13.
- Tesla has filed a proxy statement with the Securities and Exchange Commission to seek shareholder approval for Musk's compensation.
- The relocation of Tesla's corporate headquarters from Delaware to Texas is also subject to shareholder approval.
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
Tesla Stock Is Rising as Selling Pressure Eases. Cathie Wood Is Buying.: Tesla stock has fallen 11% this month.
barrons.com/articles/tesla-stock-buy-sell-cathie-wood-18592475
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Tesla whistleblower in legal battle over braking-safety concerns: A former Tesla engineer is in a decade-long battle with the car company, owned by Elon Musk.
bbc.com/news/articles/cg3q95ednqwo
Cathie Wood’s ARKK Hits Five-Month Low as Tesla (TSLA) Drops on Job Cuts: Shares in Cathie Wood’s flagship fund slid to a five-month low as Tesla Inc. ...
bloomberg.com/news/articles/2024-04-16/cathie-wood-s-arkk-hits-five-month-low-as-tesla-fuels-losing-run
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Tesla lays off more than 10% of its workforce: Owner Elon Musk said it was a difficult decision to reduce Tesla's global headcount
bbc.com/news/technology-68818113
Nissan Looks to Tesla’s Style of Carmaking to Build Cheaper EVs: Nissan Motor Co. will use gigacasting, a manufacturing process pioneered by Tesla Inc. ...
bloomberg.com/news/articles/2024-04-16/nissan-looks-to-tesla-s-style-of-carmaking-to-build-cheaper-evs
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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/
BYD’s Push Into Electric SUVs and Premium Cars Is a Threat to More Than Just Tesla
barrons.com/articles/byd-tesla-stock-models-0d9d7fc9
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Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
apnews.com/article/tesla-layoff-workforce-sales-decline-ee35abc216b5aeb222068500b916ef14
Tesla halts Cybertruck deliveries due to 'unexpected delay': Tesla has halted Cybertruck deliveries, telling owners that there has been an "unexpected delay ...
engt.co/4cZVfjU
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.
Tesla halves the price of its Full Self Driving (Supervised) subscription to $99 per month
engt.co/3Ufb2DO
I relocated when Tesla asked. Then I was laid off.: A Tesla worker who was laid off says they tried to clock in and their phone said to contact IT.
businessinsider.com/laid-off-tesla-worker-story-after-relocating-2024-4
Elon Musk Says This Is 'Blindingly Obvious.' Cathie Wood Keeps Buying.: Elon Musk took to X claiming it makes sense to focus on autonomous driving ...
investors.com/news/tesla-stock-elon-musk-blindingly-obvious-to-focus-on-autonomy-cathie-wood-keeps-buying/
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.
A 605 MW PV plant in Germany is now Europe’s largest solar farm: A 605-MW project in Germany has claimed the title of Europe's largest solar farm ...
electrek.co/2024/04/12/germany-europe-largest-solar-farm/
Tesla to lay off more than 10% of its staff, Electrek reports: Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on ...
reuters.com/business/autos-transportation/tesla-lay-off-more-than-10-its-staff-electrek-reports-2024-04-15/
Elon Musk predicts AI will overtake human intelligence next year: Tesla chief says infrastructure will need to keep up with technology’s demands as he seeks ...
ft.com/content/027b133f-f7e3-459d-95bf-8afd815ae23d
Quick Glance: Elon Musk Predicts AI Surpassing Human Intelligence Next Year
- Elon Musk predicts that artificial intelligence will surpass human intelligence by the end of next year, given the necessary infrastructure to meet technological demands.
- Musk anticipates that AI capabilities will likely exceed those of all humans in the next five years.
- A series of AI breakthroughs in the past 18 months have accelerated development faster than expected, with Musk being more optimistic than previous forecasts.
- Musk has intensified his efforts to enter the AI race by seeking funding for his own AI startup to compete with OpenAI, while also advocating for a pause in the development of advanced AI systems.
Tesla (TSLA) Sales Miss in First Year-Over-Year Drop Since Pandemic: Tesla Inc. suffered its first year-over-year sales drop since the early days of the Covid ...
bloomberg.com/news/articles/2024-04-02/tesla-sales-miss-in-first-year-over-year-drop-since-pandemic
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.
GM will relocate headquarters from RenCen to Detroit's new Hudson's building: GM CEO Mary Barra and Rocket Companies CEO Dan Gilbert announced that GM will move ...
freep.com/story/money/cars/general-motors/2024/04/15/gm-headquarters-rencen-detroit-hudsons-tower/73328040007/
Tesla is reportedly laying off more than 10 percent of its workforce: According to an internal memo seen by Reuters, Tesla is about to lay off more than 10 ...
engt.co/3PYupyI
Tesla Reportedly Halts Cybertruck Deliveries: Tesla Cybertruck deliveries have been halted, according to online chatter, possibly to address a problem with the ...
investors.com/news/tesla-cybertruck-deliveries-reportedly-halted/
Tesla Stock Breached Support. This Is Where It’s Headed.: Tesla stock closed below technical support levels at about $164 a share on Monday ...
barrons.com/articles/tesla-stock-support-levels-9cdc4061
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Ford offers Tesla drivers $1,500 discount to switch: Ford is taking aim at Tesla. The automaker launched an initiative to give Tesla owners a special discount on ...
businessinsider.com/ford-offers-tesla-drivers-discount-to-switch-2024-4
Musk needs to explain Tesla layoffs amid 'horror show': Dan Ives: Tesla's layoffs are adding to the "horror show" investors have been dealing with in recent ...
markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-price-layoffs-earnings-outlook-dan-ives-2024-4
Some Tesla workers get badge scan, realize layoff: Tesla told staff it doing layoffs on Sunday night, but some workers realized they were out of a job when ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
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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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
Tesla's Musk predicts AI will be smarter than the smartest human next year
reut.rs/49tyx0c
Quick Glance: Airplane Observes Solar Eclipse in Bloomington
- An airplane flies near the total solar eclipse in Bloomington, Indiana.
- People watch the partial solar eclipse on the observation deck of Edge at Hudson Yards in New York City.
- Sophia Moccia, 4, from Queens views the eclipse with a homemade mask in New York City.
- A solar eclipse is visible in Mazatlan, Mexico.
Tesla ditches EV inventory discounts to ‘streamline’ sales and delivery: Tesla has ended discounts on inventory across its electric vehicle lineup — even as ...
techcrunch.com/2024/04/16/tesla-ditches-ev-inventory-discounts-to-streamline-sales-and-delivery/
As EVs surge, warning signs grow for Tesla | Analysis: The world’s largest electric carmaker on Monday told employees it would lay off more than 10% of its ...
nytimes.com/2024/04/16/climate/has-tesla-peaked.html
Tesla’s top engineering executive Drew Baglino leaves in massive leadership loss: Tesla’s top engineering executive, Drew Baglino, has left the automaker in a ...
electrek.co/2024/04/15/tesla-top-engineering-executive-drew-baglino-leaves-leadership-loss/
GMC's new electric pickup range will beat the Cybertruck by 100 miles: GMC increased the range for its new Sierra Denali to 440 miles, making it among the ...
businessinsider.com/gmc-sierra-ev-denali-electric-pickup-range-vs-tesla-cybertruck-2024-4
Tesla to cut over 10% of workforce in global retrenchment: Chief Executive Officer Elon Musk revealed the job cuts in an email to staff, citing duplication of ...
mercurynews.com/2024/04/15/tesla-to-cut-over-10-of-workforce-in-global-retrenchment/
Tesla's senior battery executive exits company: Tesla's senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at ...
reuters.com/business/autos-transportation/teslas-senior-battery-executive-exits-company-2024-04-15/
"Hungry for growth phase": Tesla plans massive job cuts - 3000 jobs in Grünheide: For the first time in almost four years, Tesla is selling fewer new cars at the ...
n-tv.de/wirtschaft/Tesla-plant-massiven-Jobabbau-3000-Stellen-in-Gruenheide-article24874548.html
Elon Musk: Tesla boss to visit India for meeting with PM Modi: The Tesla boss is expected to announce major investment plans in India as the firm faces slowing ...
bbc.com/news/articles/c4n1ldx5klwo
Quick Glance: Musk to Meet Modi in India and Announce Investment Plans
- Elon Musk plans to visit India to meet Narendra Modi and announce investment plans.
- Musk expected to open a new factory in India and will be accompanied by other executives.
- India reduces import taxes on electric vehicles to attract foreign investments.
- Tesla plans manufacturing plant in India with around $2 billion investment to tap into the growing EV market.
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’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
Tesla 'Layoffs' Spell Bad News for Elon Musk: Elon Musk has seen his personal fortune slashed by tens of billions of dollars so far this year.
newsweek.com/tesla-layoffs-elon-musk-bad-news-fortune-loss-1890250
Quick Glance: Tesla Layoffs Impact Elon Musk's Fortune
- Elon Musk has seen his personal fortune plummet by billions of dollars this year.
- Tesla announced global workforce reductions of 'more than 10%' in an internal email sent by CEO Elon Musk to staff.
- The reported layoffs come at a challenging time for Musk and Tesla, with quarterly results showing an 8.5% decline in product deliveries compared to the previous year.
- Tesla shares have dropped over 30% this year, causing Musk to fall to third place on the Bloomberg Billionaires Index.
Elon Musk says Texas forever. Shareholders shouldn’t: Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication ...
ft.com/content/600fa1e7-8051-4c3d-8d29-ee2acd69774d
The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank earnings and retail sales
qz.com/dow-jones-tesla-trump-media-goldman-sachs-reddit-1851411400
OpenAI plans new Tokyo office, Tesla lays offs thousands: Today on Equity, Tesla cuts staff, and OpenAI has plans for an office in Tokyo along with a new GPT-4 ...
techcrunch.com/2024/04/15/openai-plans-new-tokyo-office-tesla-lays-offs-thousands/
Tesla Is Struggling in China. It’s Hurting the Stock.: Tesla’s Chinese sales plummeted in the first week of April.
barrons.com/articles/tesla-china-sales-stock-c7d28ac1
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Are front license plates required for all vehicles in Sacramento? Your question answered
sacbee.com/news/local/article287693925.html
Tesla to lay off more than 10 percent of its workers as sales slow: "Cost reductions and increased productivity" needed, says Musk.
arstechnica.com/cars/2024/04/tesla-to-lay-off-more-than-10-percent-of-its-workers-as-sales-slow/
Jamie Dimon made $183 million selling JPMorgan stock. Here's how much others have made
qz.com/jamie-dimon-jpmorgan-chase-stock-jeff-bezos-leon-black-1851413941
US opens probe into 3,322 GM Cadillac Lyriq EVs over loss of brake assist: The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has ...
reuters.com/business/autos-transportation/us-opens-probe-into-over-3300-gm-cadillac-lyriq-vehicles-over-loss-brake-assist-2024-04-15/
Tesla to cut more than 10% of workforce, report claims: Tesla is laying off workers amid poor quarterly results.
mashable.com/article/tesla-workforce-cut
Tesla Stock Falls on Report of Layoffs and Global Unrest: Tesla stock investors are digesting a lot of news Monday.
on.barrons.com/3Q363Un
Tesla Cut the Price of Its FSD Service. What That Means For the Stock.: The new U.S. price for an FSD subscription is now $99 a month, down from $199 per month ...
barrons.com/articles/tesla-stock-price-tsla-fsd-1148ec6b
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Read Tesla CEO Elon Musk's leaked layoffs memo: The electric vehicle maker is slashing "more than 10%" of its global workforce
qz.com/tesla-elon-musk-layoffs-leaked-memo-staff-1851409932
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
North Carolina approves mining permit for Tesla supplier Piedmont Lithium: North Carolina regulators have approved a state mining permit for Tesla supplier ...
reuters.com/business/piedmont-lithium-gets-mining-permit-north-carolina-project-2024-04-15/
Tesla Heads For 2024 Lows As Investors Await Q1 Earnings For Clarity On Elon Musk's Big Bet On Autonomy
investors.com/news/tesla-stock-2024-lows-elon-musk-big-bet-on-autonomy/
Tesla and Nvidia Could Be a Match Made in AI Heaven: Morgan Stanley believes the EV maker could become the semiconductor manufacturer’s largest customer.
barrons.com/articles/tesla-nvidia-stocks-ai-636bbf5f
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Tesla scouts for its first India showroom locations, sources say: U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ...
reuters.com/business/autos-transportation/tesla-scouts-its-first-india-showroom-locations-sources-say-2024-04-15/
A big Tesla investor wants Elon Musk to unionize: The push comes as Tesla mechanics in Sweden have been on strike against the EV maker for months
qz.com/tesla-elon-musk-sweden-union-strike-norway-pension-fund-1851403642
Musk says Tesla will unveil 'Robotaxi' on August 8
reut.rs/4aufGUs
Quick Glance: Elon Musk to Unveil Tesla 'Robotaxi' on August 8
- Elon Musk announced that Tesla will unveil its robotaxi on August 8, despite past promises and delays with self-driving cars.
- Musk plans to develop a car without controls for human use and gradually enhance Tesla vehicles with Full Self-Driving capability.
- Currently, buyers can add the Full Self-Driving feature for an additional cost, but experts note that the system is not fully autonomous yet.
- Other companies like Waymo and Cruise are also working on autonomous ride-sharing services, despite safety concerns and incidents.
Money Tree: The Bloomberg Open, Asia Edition: Good morning. Goldman jumps after a big earnings beat. Tesla plans major layoffs. And Meta wants to bring VR ...
bloomberg.com/news/newsletters/2024-04-15/money-tree-the-bloomberg-open-asia-edition
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Tesla (TSLA) is rumored to be preparing a massive round of layoffs: Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production ...
electrek.co/2024/04/14/tesla-rumor-massive-round-layoffs/
Tesla employees worry that layoffs are coming: Some Tesla employees told Business Insider they are concerned that layoffs are imminent ...
businessinsider.com/tesla-layoffs-employees-worry-2024-4
Tesla settles lawsuit over 2018 fatal Autopilot crash of Apple engineer: Walter Huang was killed when his car steered in to a highway barrier and Tesla will ...
theguardian.com/technology/2024/apr/08/tesla-crash-lawsuit-apple-engineer
Quick Glance: Tesla resolves lawsuit following deadly Autopilot crash
- Tesla reached a resolution in a wrongful-death lawsuit stemming from a fatal 2018 crash.
- Following the death of Apple engineer Walter Huang in Autopilot mode, his family filed a lawsuit.
- Specifics of the resolution, prior to the set trial date, remained undisclosed.
Tesla's Robotaxi Plans Face Major Challenges: Tesla, Inc. CEO Elon Musk's plan to launch a robotaxi service brings potential profitability ...
seekingalpha.com/article/4683452-tesla-robotaxi-plans-face-major-challenges
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Woman starts Tesla update in the blazing sun and is then trapped: Cars get very hot in summer. A young woman from the USA had to experience this for herself ...
stern.de/auto/frau-startet-tesla-update-in-der-prallen-sonne-und-ist-danach-gefangen-34628428.html
Elon Musk Meets Javier Milei: Chat About Cutting Red Tape, Boosting Birth Rates And More - Tesla (NASDAQ:
benzinga.com/markets/asia/24/04/38225670/elon-musk-meets-javier-milei-chat-about-cutting-red-tape-boosting-birth-rates-and-more
Quick Glance: Elon Musk and Javier Milei Discuss Free Markets and Investment Opportunities
- Elon Musk and Argentine president Javier Milei met for the first time at Tesla's Texas factory.
- They discussed market liberation, eliminating bureaucratic obstacles, and investment opportunities.
- Milei unexpectedly won an election focused on spending cuts and inflation reduction.
- Both shared similar views on free markets and expressed support for Israel in conflicts.
Argentina's Milei to visit Tesla factory, meet Musk this week: Argentine President Javier Milei is set to visit a Tesla factory in Texas and meet with the firm's ...
reuters.com/business/autos-transportation/argentinas-milei-visit-tesla-factory-meet-musk-this-week-2024-04-09/
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
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: Elon Musk's EV maker to settle over fatal Autopilot crash: The trial, brought by the family of Apple engineer Walter Huang, was scheduled to begin this ...
bbc.com/news/articles/c14kggkr4vro
Tesla's US market share grows through the EV carnage: Despite a long list of recent setbacks, Tesla has outpaced all competitors in the US electric vehicle ...
businessinsider.com/tesla-market-share-grows-through-ev-carnage-2024-4
Tesla Is Laying Off 14,000 Employees. Elon Musk's Response Is the 1 Thing No Leader Should Ever Do
inc.com/jason-aten/tesla-is-laying-off-14000-employees-elon-musks-response-is-1-thing-no-leader-should-ever-do.html
Tesla Delays Cybertruck Deliveries, Leaving Buyers Confused: The pause is the latest issue for the carmaker, which recently announced job cuts.
wsj.com/business/autos/tesla-cybertruck-delayed-deliveries-23d22af1
Elon Musk wanted this deposition kept secret. Here are the best moments: Highlights from the Tesla CEO and X owner's newly released deposition transcript
qz.com/elon-musk-deposition-highlights-1851399387
Quick Glance: Spiro Faces Sanctions Bid in Texas Defamation Fight
- Benjamin Brody seeks sanctions against Elon Musk's lawyer Alex Spiro for alleged unauthorized legal practice in a defamation lawsuit.
- Spiro represented Musk in a hearing despite not being licensed in Texas and lacking court permission.
- Brody claims Musk made false statements about him on social media, leading to a lawsuit.
- Spiro's behavior during a hearing was described as highly unprofessional, prompting demands for legal fees and sanctions.
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