Tesla Abandons Mercedes Battle to Take on the Likes of Ford:
bloomberg.com/news/articles/2023-04-21/tesla-abandons-mercedes-battle-to-take-on-the-likes-of-ford
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Tesla increased the US prices for both versions of its Model S and X electric vehicles, days after slashing prices for the sixth time this year reut.rs/43Obb43
Ford’s Farley Says Tesla Pricing Could Start an EV Price War: Ford Motor Co. Chief Executive Officer Jim Farley said rival Tesla Inc. could start a price war and ...
bloomberg.com/news/articles/2023-04-21/ford-s-farley-says-tesla-pricing-could-start-an-ev-price-war
Tesla hikes U.S. prices days after sixth price cut this year: Tesla’s Model S Plaid and Model X Plaid – the performance versions of those models – are now priced ...
theglobeandmail.com/business/international-business/article-tesla-hikes-us-prices-days-after-sixth-price-cut-this-year/
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Tesla Abandons Mercedes Battle to Take on the Likes of Ford: Tesla Inc. has entered a new era: one in which Elon Musk keeps a different set of car executives up ...
bloomberg.com/news/articles/2023-04-21/tesla-abandons-mercedes-battle-to-take-on-the-likes-of-ford
Ford’s Farley Says Tesla Pricing Could Start an EV Price War: Ford Motor Co. Chief Executive Officer Jim Farley said rival Tesla Inc. could start a price war and ...
bloomberg.com/news/articles/2023-04-21/ford-s-farley-says-tesla-pricing-could-start-an-ev-price-war
Tesla hikes U.S. prices days after sixth price cut this year: Tesla’s Model S Plaid and Model X Plaid – the performance versions of those models – are now priced ...
theglobeandmail.com/business/international-business/article-tesla-hikes-us-prices-days-after-sixth-price-cut-this-year/
Musk's price cuts show challenge for Tesla's product strategy -Ford CEO: Electric car giant Tesla's (TSLA.O) decision to cut prices to drive up sales volume ...
reuters.com/business/autos-transportation/musks-price-cuts-show-challenge-teslas-product-strategy-ford-ceo-2023-04-21/
Tesla hikes US prices days after sixth price cut this year: Tesla Inc (TSLA.O) raised the U.S. prices for its Model S and X premium electric vehicles ...
reuters.com/business/autos-transportation/tesla-hikes-us-prices-2023-04-21/
Tesla's price cuts drag share prices sharply lower: Tesla is shaving thousands of dollars off the price of its cars as American consumers pull back spending on ...
pressdemocrat.com/article/business/teslas-price-cuts-drag-share-prices-sharply-lower/
Tesla increases prices of expensive models as fears rise over profits: Electric-car maker lifts price of premium Model S and X in US by $2,500 ...
ft.com/content/deb0858b-7fa6-44b2-b337-4aa1c62d8ef5
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Tesla increases price of Model S, X in U.S. after shares slump - Autoblog: Tesla has increased prices on its Model S and Model X by $2,500 after previous ...
autoblog.com/2023/04/21/tesla-increases-price-of-model-s-x-in-us-after-shares-slump/
Tesla Gains as EV Maker Says It’ll Accelerate Affordable Models
bloomberg.com/news/live-blog/2024-04-23/tesla-first-quarter-earnings
Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge: Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled ...
bloomberg.com/news/articles/2024-04-25/musk-is-once-again-richer-than-zuckerberg-as-fortunes-reverse
Paid articlePaid Hertz (HTZ) Posts Loss as It Reduces Tesla EV Fleet: Hertz Global Holdings Inc. reported a loss that was nearly three times worse than analysts expected as it ...
bloomberg.com/news/articles/2024-04-25/hertz-reports-392-million-loss-as-it-unwinds-tesla-fleet-burden
Tesla could start selling Optimus robots by the end of next year, Musk says: Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as ...
reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
- Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.
- Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.
- Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.
- Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
Musk moves Tesla's goalposts, investors happily move shares higher: It's the millions-of-robotaxis promise again – and all y'all buying it this time ...
theregister.com/2024/04/24/musk_moves_tesla_goalposts_back/
Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Tesla Earnings Report Could Add to Concerns About Its Strategy: The first-quarter results will very likely fuel worries that competitors will continue grabbing a ...
nytimes.com/2024/04/23/business/tesla-earnings-first-quarter-elon-musk.html
Quick Glance: Tesla Profit Decline Alarms Investors
- Tesla's profit fell by 55% in the first quarter due to tepid car sales.
- Revenue dropped by 9% to $21.3 billion.
- Price cuts and job layoffs indicate challenges in cost control.
- Investors concerned about Tesla's declining sales and profits.
Tesla cuts prices around the world as sales decline in a chaotic week: Global vehicle deliveries fall for first time in four years amid growing competition ...
theguardian.com/technology/2024/apr/21/tesla-sales-price-cuts-elon-musk
Did Meta Just Burst The Big-Tech Bubble?: Given the high valuations, and limited growth potential, the big tech is in a bubble. Read more to see if Meta just ...
seekingalpha.com/article/4686066-did-meta-just-burst-the-big-tech-bubble
Paid articlePaidQuick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Quick Glance: Elon Musk must be removed as CEO to save Tesla
- Tesla is struggling with declining sales, layoffs, and issues in China.
- Elon Musk is blamed for the company's state and his departure could save Tesla.
- Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
Tesla (TSLA) Cybertruck Recall Is Latest Setback to Stock’s Rough 2024: The stock is sliding, a cheaper electric car is deprioritized and the CEO is riling the ...
bloomberg.com/news/features/2024-04-21/tesla-tsla-cybertruck-recall-is-latest-setback-to-stock-s-rough-2024
Paid articlePaidQuick Glance: Tesla Cybertruck Recall and Stock Decline 2024
- Elon Musk's underlings at Tesla Inc. are accustomed to chaos, but this year has been particularly turbulent. The stock price has plummeted, there has been confusion around product decisions and price cuts. Tesla's position in the Chinese EV market is under threat, and a meeting with India's Prime Minister for a planned investment announcement was abruptly called off.
- Tesla is expected to report a significant drop in operating profit and its first revenue decline in four years. Musk has ordered massive layoffs and is staking the company's future on a self-driving vehicle concept called the robotaxi. Many employees are unsettled by the changes the CEO wants to implement.
- Musk has been discussing the concept of an autonomous taxi service for at least eight years, but Tesla has not yet built the infrastructure required for it. The focus is now on the robotaxi instead of a cheaper mass-market vehicle that many investors deem crucial. Key managers have left the company, and analysts are concerned about Tesla's strategy.
- Musk has announced that more than 10% of the workforce will be laid off. Transitioning to the robotaxi service is risky, as regulation at the state and local level can be challenging. Nevertheless, Musk is betting on Tesla making robotaxis a reality by promoting FSD and cutting prices. Some of the Tesla layoffs were poorly organized and perceived as humiliating.
Tesla to launch new models ahead of planned timeline, shares jump: Tesla said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% ...
reut.rs/3UektlH
Honda’s Plan Shows EVs Aren’t Dead. It’s Boosting Tesla.: Honda wants to sell only electric vehicles by 2040. It’s investing billions of dollars in Canada and ...
barrons.com/articles/tesla-honda-plan-ev-production-stock-6183580a
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Tesla Drops Its Full Self-Driving Price To $8,000: The drop represents a $4,000 price drop in the United States
pcmag.com/news/tesla-drops-its-full-self-driving-price-to-8000
Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
- Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.
- Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.
- The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.
- Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.: The company is facing its greatest set of challenges since a series of unforced errors ...
washingtonpost.com/technology/2024/04/23/elon-musk-tesla-earnings-outlook/
Meta and Tesla: A Tale of 2 CEOs. Why Musk’s AI Plan Trumps Zuckerberg’s, and 5 Other Things to Know Before Markets Open.
barrons.com/articles/meta-tesla-stock-what-to-know-today-29ea8baa
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Tesla previews ride-hailing experience ahead of August robotaxi unveil: Tesla has shown off a preview of an upcoming ride-hailing feature in its app ahead of an ...
engt.co/3Jxf2JN
Tesla's Cybertruck needs a hole drilled through the accelerator pedal: A user posted a 35-second video on X of him fixing the gas pedal issue that caused a ...
businessinsider.com/tesla-cybertruck-accelerator-pedal-recall-fix-includes-drilling-hole-2024-04
Hertz’s Losses on Tesla EVs Bite Into Earnings: Hertz stock sank Thursday after the rental car company reported a steeper-than-expected loss ...
on.barrons.com/3xVaZV9
Tesla driver in deadly Seattle-area crash told police he was using Autopilot: A Tesla that may have been operating on the company’s Autopilot driving system has ...
apnews.com/article/tesla-crash-washington-autopilot-motorcyclist-killed-a572c05882e910a665116e6aaa1e6995
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
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Tesla has lowest maintenance and repair cost of any brand: Tesla has the lowest maintenance and repair cost of any brand, according to a new study by Consumer ...
electrek.co/2024/04/22/tesla-lowest-maintenance-repair-cost-any-brand/
Uber and Lyft Stock Fall on Robotaxi Worries. That Doesn’t Make Sense.: Comments from Tesla CEO Elon Musk seem to be putting pressure on shares of the ...
barrons.com/articles/uber-lyft-stock-tesla-robotaxi-8a2cc67a
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Tesla recalls all 3,878 Cybertrucks over accelerator pedal issue - National | Globalnews.ca
trib.al/lNW0Xx7
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tesla Promises 'More Affordable Vehicles' and a 'Cybercab': Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more ...
wired.com/story/tesla-promises-more-affordable-vehicles-cybercab/
Tesla brings forward new models as profits halve : The EV maker brings forward launch plans for new models as profits drop by more than half.
bbc.com/news/articles/c72pvz18x4lo
How soon can Tesla get its more affordable car to the market?: Shares jump after carmaker says it is looking to accelerate production of lower-price EVs
theguardian.com/technology/2024/apr/24/how-soon-can-tesla-get-its-more-affordable-car-to-the-market
Quick Glance: Tesla's Rapid Launch of Affordable Cars
- Tesla's plans for more affordable electric vehicles are moving closer.
- To accelerate production, Tesla is deviating from the Model 2 plan and opting for current manufacturing lines.
- The exact costs of the new models are still unclear, but the company anticipates achieving less cost reduction than previously expected.
- Production of the new vehicles could start as early as early 2025, if not late this year.
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...
reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/
E-mobility under pressure - AUTO BILD: Sluggish sales of electric cars, unsettled buyers - Tesla responds with job cuts. Is the crisis growing?
autobild.de/artikel/e-mobilitaet-unter-druck-25735529.html
Tesla’s $939 Billion Valuation Lead Over Toyota Is Almost Gone: Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp. ...
bloomberg.com/news/articles/2024-04-23/tesla-s-939-billion-valuation-lead-over-toyota-is-almost-gone
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Tesla’s in its flop era: Tesla is in trouble. Sales are down, its stock is tumbling, and the company’s future appears to be in doubt ...
theverge.com/24134781/tesla-q1-2024-earnings-sales-market-share-elon-musk
Elon Musk and Tesla: Is the CEO’s controversial behavior responsible for company’s struggles?
mercurynews.com/2024/04/22/elon-musk-and-tesla-is-the-ceos-controversial-behavior-responsible-for-companys-struggles/
Quick Glance: Elon Musk and Tesla: Influence of CEO's divisive behavior on company's challenges
- The wealthiest individual globally freely voices his opinions, often sparking debate.
- Elon Musk, Tesla's CEO, has attacked U.S. election integrity, embraced White-supremacist propaganda, and accused President Joe Biden of treason.
- Experts suggest that Musk's conduct may deter potential customers, but larger issues impact his company. With growing competition in the electric vehicle market, his polarizing personality could lead to more significant long-term damage.
- While Musk may be damaging Tesla’s image with some consumers, the primary focus remains on the product and its dependability. Many consumers do not base their purchasing decisions on the political views of the company's leader.
Elon Musk apologizes to laid off Tesla employees for a major mistake: Musk just informed his Tesla employees of an issue that was brought to his attention.
thestreet.com/electric-vehicles/elon-musk-apologizes-to-laid-off-tesla-employees-for-major-mistake
Tesla: EV giant cuts prices in major markets as sales fall: The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
bbc.com/news/articles/c1d4g8jz57yo
Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? : The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges ...
time.com/6970399/tesla-stock-earnings-call-elon-musk/
Tesla (TSLA): Can Musk’s Robotaxi Dream Help EV Maker Fix Its Troubles?: Tesla Inc. became one of the most valuable companies in the world by proving it was ...
bloomberg.com/news/articles/2024-04-24/tesla-tsla-can-musk-s-robotaxi-dream-help-ev-maker-fix-its-troubles
Tesla slashes prices amid slumping sales: Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces ...
thehill.com/business/4610375-tesla-slashes-prices-amid-slumping-sales/
Tesla cuts prices after massive Cybertruck recall: The Model Y is currently sitting at the cheapest price it's ever been.
mashable.com/article/tesla-drop-prices-for-several-cars-excluding-cybertruck
Musk promised cheaper Teslas: What if no one wants one?: Tesla investors are celebrating news of cheaper vehicles on the horizon. That assumes lots of people ...
businessinsider.com/will-cheaper-tesla-lure-buyers-ev-demand-2024-4
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...
reut.rs/4b5CHwE
Tesla’s earnings plunge, but the company promises cheaper car model: Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered ...
cnn.com/2024/04/23/business/tesla-report-earnings-result/
Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
Tesla recalls Cybertrucks over accelerator crash risk: The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.
bbc.com/news/articles/c9ezp0lv039o
Tesla slashes car and self-driving software prices after chaotic week: Three models are $2,000 cheaper in the US, while the self-driving software now costs $8 ...
businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4
Tesla's Q1 Results Will Be Riveting, But Let's Focus On What Matters: Tesla has been rightfully pressured in recent period, but glimmers of hope for long-term ...
seekingalpha.com/article/4685094-tesla-q1-results-riveting-focus-on-what-matters
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Elon Musk's SpaceX seems to have a workplace injury problem: A new report found that employees are getting injured at higher rates than at other space companies
qz.com/elon-musk-space-x-injuries-earnings-layoffs-1851429089
Quick Glance: Injury Rates at SpaceX Exceed Industry Average
- Injury rates at SpaceX facilities surpassed industry average in 2023.
- Injuries at SpaceX locations worsened compared to 2022.
- Experts raise concerns about the quality of work at SpaceX.
- SpaceX and Musk have not publicly addressed safety record in detail.
Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
Tesla CEO Elon Musk Is Fixing His Strategic Mistake—in the Nick of Time: Tesla’s earnings show that EVs aren’t dead yet. The industry is just on the other side ...
barrons.com/articles/tesla-gm-ford-model-2-ev-earnings-strategy-87d9677f
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Don’t be gloomy about Tesla and its EV rivals : The industry has had a terrible few months. But demand is likely to pick up
economist.com/leaders/2024/04/24/dont-be-gloomy-about-tesla-and-its-ev-rivals
Tesla makes its controversial Full Self-Driving software cheaper by $4,000: Tesla shared on X this weekend that it's reduced the price of its Full Self-Driving ...
engt.co/3Qamy0M
Bitcoin Rises. Why Tesla and Meta Earnings Could Help—or Hurt—Cryptos.: Bitcoin correlation to the stock market and wider risk sentiment puts Big Tech earnings ...
on.barrons.com/49Wz4Ih
Cheaper Teslas are arriving sooner than planned: Tesla said cheaper models are coming sooner than it had planned. The move comes as it reported a steep Q1 ...
businessinsider.com/cheaper-teslas-arriving-sooner-than-planned-2024-4
Paid articlePaid Stock Market's ‘Humbling’ Cycle Forces Morgan Stanley's Wilson to Stay Nimble
bloomberg.com/news/newsletters/2024-04-23/stock-market-s-humbling-cycle-forces-morgan-stanley-s-wilson-to-stay-nimble
Tesla sees biggest revenue drop since 2012 but company shares still surge: Shares are up despite a revenue decline of 9% after company said it expects to release ...
theguardian.com/technology/2024/apr/23/tesla-tsla-earnings-report-cybertruck
Tesla Stock Soars. Musk Is Fixing His Strategic Mistake—in the Nick of Time.: Tesla’s earnings show that EVs aren’t dead yet. The industry is just on the other ...
on.barrons.com/3UglvxA
Tesla targeting about 400 voluntary job cuts in Germany: Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's ...
reuters.com/business/autos-transportation/tesla-aims-cut-400-jobs-germany-via-voluntary-programme-2024-04-23/
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered ...
chicagotribune.com/2024/04/19/tesla-cybertruck-recall/
Tesla expects to book over $350 million in costs for layoffs: Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs ...
reuters.com/business/autos-transportation/tesla-reiterates-capital-expenditure-target-10-billion-this-year-2024-04-24/
Tesla's future is riding on Elon Musk believers: Tesla reported a drop in revenue during its first quarter earnings call, falling short of expectations and ...
businessinsider.com/teslas-future-is-riding-on-elon-musk-believers-2024-4
Tesla mass layoffs impact Bay Area, with over 2,750 jobs lost: Tesla mass layoffs slam Bay Area workers in Fremont and Palo Alto facilities, with over 2 ...
sfchronicle.com/bayarea/article/tesla-layoffs-bay-area-19418511.php
Quick Glance: Tesla Layoffs Impact Bay Area with Over 2,750 Jobs Lost
- Tesla mass layoffs hit Bay Area's Fremont and Palo Alto facilities, resulting in over 2,750 job cuts. The job cuts are part of a broader 10% workforce reduction at Tesla, affecting various locations.
- The layoffs are set to commence on June 14, impacting employees across multiple sites in Fremont and Palo Alto. In addition, significant job losses will occur in Lathrop, Burbank, and Austin, totaling thousands of affected workers.
- Tesla's decision to eliminate a large portion of its workforce stems from the need to reduce costs amidst industry challenges. CEO Elon Musk emphasized the necessity of these layoffs despite their impact on employees and communities.
- The company's restructuring plan reflects a shift in focus and operational strategies to address market dynamics, including declining stock value and competitive pressures in the electric vehicle sector. Tesla's future direction aims to navigate these challenges while maintaining its position in the industry.
Tesla’s net income drops 55% in first quarter amid falling global sales - National | Globalnews.ca
trib.al/MIpAJGd
Tesla cuts Model Y, X and S prices in the US and says it's ending the referral program
engadget.com/tesla-cuts-model-y-x-and-s-prices-in-the-us-and-says-its-ending-the-referral-program-172311662.html
Tesla (TSLA) Global Job Cuts Includes Layoffs in Austin: Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of Chief Executive ...
bloomberg.com/news/articles/2024-04-23/tesla-to-cut-2-688-roles-in-texas-as-it-slashes-global-workforce
$433 Billion Gone! One Stock Loses More Value Than Tesla: Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the ...
investors.com/etfs-and-funds/sectors/sp500-billion-gone-one-stock-lost-more-value-than-tesla/
Tesla expects its 4680 battery cells to be cheaper than suppliers by end of year: Tesla now says that it expects its own 4680 battery cells to become cheaper ...
electrek.co/2024/04/24/tesla-expects-4680-battery-cells-cheaper-than-suppliers-end-of-year/
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Musk Plays Up ‘Sentient Humanoid’ Robots as Tesla Flounders: Perhaps investors will ignore falling profits and revenues in favor of a sexy—though not yet ...
thedailybeast.com/musk-plays-up-sentient-humanoid-robots-as-tesla-flounders
Paid articlePaid Ford Earnings Surprise Wall Street. Auto Giant Maintains 2024 Profit Outlook.: Ford earnings for Q1 came in after the market closed on Wednesday ...
investors.com/news/ford-earnings-decline-expected-investors-await-2024-outlook/
Elon Musk cancels trip to India over 'heavy Tesla obligations': Elon Musk shared the announcement in an X post on Saturday, just three days before Tesla's Q1 ...
businessinsider.com/elon-musk-cancels-trip-to-india-tesla-layoffs-struggles-2024-4
Quick Glance: Elon Musk postpones India trip due to Tesla issues
- Elon Musk has delayed his planned trip to India due to Tesla facing challenges.
- The Tesla CEO was set to travel to India next week to meet with Prime Minister Narendra Modi.
- While not revealing many specifics about the trip, Musk reportedly intends to announce an investment of $2 to $3 billion in India. He aims to establish a new factory in India, where the electric vehicle market is small but growing.
- Musk's decision to delay the trip coincides with Tesla's earnings release on April 23, where Musk and investors will address the company's tumultuous start to 2024.
Big Fund Doubles Down on Palantir Stock, Sells Apple, Tesla, Microsoft
barrons.com/articles/palantir-stock-apple-tesla-microsoft-1ab0e0ba
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