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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
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and ...
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.
Profile picture of Wirtschaftswoche
Tesla: job cuts at e-car company - Welcome to reality, Elon Musk!: Tesla is facing a huge wave of redundancies. This is bad news for the employees ...
wiwo.de/unternehmen/auto/stellenabbau-bei-tesla-musks-abschied-von-wolkenkuckucksheim/29757498.html
Tesla: job cuts at e-car company - Welcome to reality, Elon Musk!
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.
Profile picture of Insider (news website)
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
Why Tesla wants to give Elon Musk $55 billion pay package
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.
Profile picture of Insider (news website)
Elon Musk confirms he used a secret account on X : Elon Musk said he had used an alternate "test account" on X, with which he at times roleplayed as a toddler.
businessinsider.com/elon-musk-confirms-secret-twitter-account-x-child-2024-4
Elon Musk confirms he used a secret account on X
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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/
Wall Street wants answers from Elon Musk on Tesla's Model 2 car
Profile picture of Insider (news website)
Mark Zuckerberg net worth overtakes Elon Musk's for world's 3rd-richest: Musk and Zuckerberg have been at odds with each other in the past, with both agreeing to ...
businessinsider.com/mark-zuckerberg-elon-musk-net-worth-comparison-3rd-richest-person-2024-4
Mark Zuckerberg net worth overtakes Elon Musk's for world's 3rd-richest
Profile picture of Reuters
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/
Musk’s next big payday matters more than his last
Profile picture of New York Magazine
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
Why Is Elon Musk Dragging His 3-Year-Old Around the World?
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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 discloses it spent $200,000 advertising on X
Profile picture of Insider (news website)
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
Elon Musk apologizes for 'incorrectly low' Tesla severance: report
Profile picture of Entrepreneur
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 Musk Says New X Users Will Soon Have to Pay to Post on the Platform
Profile picture of Tages-Anzeiger
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
Job cuts at Tesla: Elon Musk would love to be a visionary
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Elon Musk Indicates That X Might Soon Start Charging New Users for Basic Actions Such as Liking, Bookmar…
wccftech.com/elon-musk-indicates-that-x-might-soon-start-charging-new-users-for-basic-actions-such-as-liking-bookmarking-and-replying-to-posts/
Elon Musk Indicates That X Might Soon Start Charging New Users for Basic ...
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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
Elon Wants His Money Back
Profile picture of Insider (news website)
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
Elon Musk says Tesla needs a 'complete organizational overhaul'
Profile picture of Newsweek
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
Tesla 'Layoffs' Spell Bad News for Elon Musk
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.
Profile picture of TheStreet
Elon Musk's biggest fans are downplaying the news of Tesla's largest layoff : Despite the EV juggernaut letting go of "more than 10%" of its workforce ...
thestreet.com/electric-vehicles/elon-musks-biggest-fans-are-downplaying-the-news-of-teslas-largest-layoff-
Elon Musk's biggest fans are downplaying the news of Tesla's largest ...
Profile picture of Chicago Tribune
Red Lobster considers bankruptcy to deal with leases and labor costs: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks ...
chicagotribune.com/2024/04/17/red-lobster-considers-bankruptcy/
Red Lobster considers bankruptcy to deal with leases and labor costs
Quick Glance: Red Lobster Considers Bankruptcy
  • The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.

  • Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.

  • A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.

  • Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
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Elon Musk raises alarm on Greece’s ‘population collapse’: Billionaire Elon Musk addressed Greece’s low birth rate in a post on Platform X on Monday.
ekathimerini.com/news/1236553/elon-musk-raises-alarm-on-greeces-population-collapse/
Elon Musk raises alarm on Greece’s ‘population collapse’
Profile picture of Insider (news website)
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
I relocated when Tesla asked. Then I was laid off.
Profile picture of Nikkei Asia
Tesla to cut workforce as China accelerates into EV sector: NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting ...
asia.nikkei.com/Business/Automobiles/Tesla-to-cut-workforce-as-China-accelerates-into-EV-sector
Tesla to cut workforce as China accelerates into EV sector
Profile picture of N-tv
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
Satirist irritates with video: Did Jan Böhmermann cave in?
Profile picture of Bloomberg
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’s Strategy Shifts Are Following Elon Musk’s AI Whims
Profile picture of The Mercury News
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 to cut over 10% of workforce in global retrenchment
Profile picture of t3n.de
Elon Musk : l'IA sera "plus intelligente que l'homme le plus intelligent" d'ici deux ans
t3n.de/news/elon-musk-ki-wird-innerhalb-von-zwei-jahren-intelligenter-als-der-intelligenteste-mensch-sein-1619109/
Elon Musk : l'IA sera
Profile picture of Ars Technica
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/
Tesla to lay off more than 10 percent of its workers as sales slow
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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 says in email that Tesla sent 'incorrectly low' severance ...
Profile picture of Insider (news website)
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
Tesla worker laid off weeks after joining says he can't pay rent
Profile picture of Los Angeles Times
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
The EV market is in trouble: The latest sign is Tesla's layoffs
Profile picture of Insider (news website)
Grimes apologizes to fans for technical issues after Coachella set: Videos on X showed Grimes visibly frustrated during her Coachella set and, at one point ...
businessinsider.com/grimes-apologizes-to-fans-for-technical-issues-after-coachella-set-2024-4
Grimes apologizes to fans for technical issues after Coachella set
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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
Read Tesla CEO Elon Musk's leaked layoffs memo
Profile picture of Insider (news website)
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
Tesla's rough year: slumping sales, layoffs, growing China competition
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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
How much severance laid-off Tesla workers get
Profile picture of Insider (news website)
Elon Musk says AI will outsmart humans by 2026: Tech billionaire Elon Musk believes AI will outsmart humans by 2026. But data scarcity and a chip shortage may ...
businessinsider.com/elon-musk-says-ai-will-outsmart-humans-by-2026-2024-4
Elon Musk says AI will outsmart humans by 2026
Quick Glance: Elon Musk predicts AI will surpass human intelligence by 2026
  • Elon Musk anticipates AI to be smarter than an individual human by the end of next year.

  • The Tesla CEO forecasts that the total amount of sentient compute will surpass all humans in five years.

  • Musk speculates that due to the abundance of talent in AI, AI could surpass human intelligence by 2026.

  • Despite highlighting hardware constraints and data scarcity, Musk remains optimistic about AI advancements in the upcoming years.
Profile picture of N-tv
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
Temporary workers initially affected: Tesla separates from 300 employees ...
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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
Tesla asks shareholders to restore Elon Musk’s $56bn pay deal
Profile picture of Insider (news website)
Tesla loses senior staff amid layoffs, analyst urges Musk to set out vision: High-level Tesla executives have announced they're leaving since Elon Musk announced ...
businessinsider.com/tesla-elon-musk-layoffs-senior-staff-2024-4
Tesla loses senior staff amid layoffs, analyst urges Musk to set out ...