On Tesla's new mass-market EV, a word from CEO Elon Musk: ‘Workers will have to…’
10 months, 4 weeks ago

On Tesla's new mass-market EV, a word from CEO Elon Musk: ‘Workers will have to…’

Hindustan Times  

Tesla employees must be ready for a ‘challenging’ production ramp-up, CEO Elon Musk has warned, as he previewed the EV manufacturer's plans to build a new mass-market vehicle, Business Insider has reported. Tesla CEO Elon Musk “Building the next-generation EV will require workers to live and sleep on the manufacturing line at the Texas factory. Tesla ‘Redwood’ EVs The plans for the proposed mass-market electric vehicle – it is said to be a compact crossover – were first revealed by Tesla to its investors on the same post-earnings call, with Musk confirming to them that the company expects to begin production at its Texas factory in the second half of 2025. The models, codenamed project ‘Redwood,’ will include an entry-level $25,000 car, allowing Tesla to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as those made by China's BYD, which recently surpassed the former as the world's largest EV manufacturer.

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History of this topic

Facing skepticism, Elon Musk unveils prototype for driverless robotaxi
2 months, 1 week ago

Facing skepticism, Elon Musk unveils prototype for driverless robotaxi

LA Times  

Elon Musk unveiled the Cybercab on Thursday night at a highly anticipated event on the Warner Bros. Studios lot in Burbank. Tesla Chief Executive Elon Musk presented a lofty vision for the future Thursday night, unveiling prototypes of a self-driving taxi and van that he said would revolutionize travel and claiming the electric car company would put fully autonomous vehicles …

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package
6 months, 1 week ago

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package

News 18  

Tech billionaire Elon Musk on Thursday said that Tesla shareholders are voting to approve his $56 billion pay package and to move the electric vehicle maker’s legal home to Texas. The resounding endorsement by shareholders of unprecedented remuneration terms in US corporate history may alleviate worries about Musk’s tenure at Tesla, while bolstering the company’s position in challenging a court …

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’
6 months, 3 weeks ago

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’

Hindustan Times  

A Tesla staffer, who worked at the Elon Musk company for five years, said that he was in disbelief after being laid off. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China. As I was working a salaried job, I sometimes needed to stay even longer to get …

How hard should Tesla fight for Elon Musk’s attention?
7 months ago

How hard should Tesla fight for Elon Musk’s attention?

Live Mint  

As Elon Musk chases a robot future, the Tesla board is trying to pull off its own breakthrough: time travel. That deal—approved by shareholders in 2018—was intended, according to board committee notes, to ensure Musk remained Tesla’s “fully engaged CEO." “His equity stake was also a powerful incentive to avoid allowing Tesla to fall in what Musk might consider to …

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada
7 months, 3 weeks ago

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada

ABP News  

Tesla Layoffs: Elon Musk’s Tesla is set to layoff 693 employees at its facilities in Sparks, Nevada, as part of its initiative to reduce over 10 per cent of its worldwide workforce due to declining sales and increasing competition, according to a government notice released on Saturday, reported the news agency Reuters. Recent reports also suggested that the CEO, Elon …

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually
8 months ago

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually

Hindustan Times  

Elon Musk-owned Tesla registered a massive drop in its quarterly profits amid challenges in the electric vehicle market. Elon Musk termed the recent job cuts at Tesla a “necessary step" to reorganize the company for the next phase of growth. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, …

Tesla Announces Steep Employee Cuts Amid Revenue Drop
8 months ago

Tesla Announces Steep Employee Cuts Amid Revenue Drop

Huff Post  

LOADING ERROR LOADING Elon Musk’s Tesla announced Tuesday that it plans to lay off 6,020 employees in a massive round of cuts as the electric vehicle company weathers its biggest revenue drop in more than a decade. The notices became public the same day Tesla held its quarterly earnings call with investors, revealing a 9% drop in first-quarter revenue year-over-year …

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report
8 months ago

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report

ABP News  

Tesla Layoffs: Tesla has reportedly Laid off a recently established marketing department as part of broader company layoffs, marking a departure from a conventional advertising strategy that CEO Elon Musk had approved less than a year ago. As a part of the ongoing job reductions, the entire US "growth content" team, consisting of approximately 40 employees under the supervision of …

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees
8 months, 1 week ago

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees

ABP News  

Tesla, the Elon Musk-owned electric vehicle major, has recently disclosed plans to reduce its workforce globally by over 10 per cent, as reported by electrek.com, based on an internal memo shared by Musk with employees. What Musk Said Elon Musk has communicated through an internal memo that the company needs to enhance productivity and cut costs to gear up for …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Elon Musk visits a Tesla plant near Berlin as production resumes after a suspected arson attack
9 months, 1 week ago

Elon Musk visits a Tesla plant near Berlin as production resumes after a suspected arson attack

Associated Press  

GRUENHEIDE, Germany — Tesla CEO Elon Musk visited the electric car maker’s first European plant on Wednesday as production resumed at the factory just outside Berlin, about a week after a suspected arson attack cut its power supply. Musk was expected at a “team huddle” with employees at the plant in the Gruenheide municipality, employee council chief Michaela Schmitz told …

Elon Musk expects Tesla factory workers to live, sleep at factory to develop low-cost EV
10 months, 3 weeks ago

Elon Musk expects Tesla factory workers to live, sleep at factory to develop low-cost EV

Firstpost  

Tesla CEO Elon Musk has indicated that his EV company may be launching a low-cost, mass-produced budget EV soon. Workers at the company’s Texas manufacturing plant may need to adopt an intense work schedule, including sleeping at the facility, to accelerate the production of the affordable electric vehicle, as per a report by Business Insider. This strategy aligns with Musk’s …

Elon Musk: GM, Ford will go ‘bankrupt’ if…
1 year, 2 months ago

Elon Musk: GM, Ford will go ‘bankrupt’ if…

Live Mint  

Elon Musk has cautioned that if the United Auto Workers union's demands for higher wages are met, traditional automakers like General Motors, Ford, and Stellantis could “drive GM, Ford and Chrysler bankrupt in the fast lane”. Meanwhile, pure electric vehicle companies like Tesla, Lucid Group and Rivian Automotive are not unionised, and they rely heavily on employee stock purchase plans …

Elon Musk predicts Tesla self-driving cars 'later this year'
1 year, 5 months ago

Elon Musk predicts Tesla self-driving cars 'later this year'

The Hindu  

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said via video link at the opening ceremony of …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Musk believes working from home is ‘morally wrong’; ‘It’s messed up to assume…’
1 year, 7 months ago

Musk believes working from home is ‘morally wrong’; ‘It’s messed up to assume…’

Hindustan Times  

Elon Musk is calling out people who work from home, saying it’s an affront to those who must show up at the workplace. Tesla Inc CEO Elon Musk {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Tesla Inc.’s chief executive officer said Tuesday that firing up the laptop from home lowers productivity and also sends the wrong signal to factory workers and other employees …

Elon Musk to ‘personally’ approve future hirings at Tesla
1 year, 7 months ago

Elon Musk to ‘personally’ approve future hirings at Tesla

Hindustan Times  

Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters. According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting …

Elon Musk may announce plan to build Tesla's affordable electric car this week
1 year, 9 months ago

Elon Musk may announce plan to build Tesla's affordable electric car this week

Hindustan Times  

Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and he hasn't mastered the new battery technology that he has stated would be crucial to the cheap cars. Guidehouse Insights analyst Sam Abuelsamid said …

Elon Musk hires his cousins to work at Twitter
2 years ago

Elon Musk hires his cousins to work at Twitter

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk may have fired thousands of Twitter employees after buying the struggling …

Musk says Tesla’s new car factories ‘losing billions of dollars’
2 years, 6 months ago

Musk says Tesla’s new car factories ‘losing billions of dollars’

The Hindu  

Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its …

Musk feels 'super bad' about economy, needs to cut 10% of Tesla jobs
2 years, 6 months ago

Musk feels 'super bad' about economy, needs to cut 10% of Tesla jobs

The Hindu  

Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. "Musk's bad feeling is shared by many people," said Carsten Brzeski, global head of macroeconomic research at Dutch bank ING. Wedbush Securities analyst Daniel Ives said …

Elon Musk now tells execs Tesla needs to 'pause all hiring worldwide' and cut staff by 10%
2 years, 6 months ago

Elon Musk now tells execs Tesla needs to 'pause all hiring worldwide' and cut staff by 10%

Daily Mail  

Elon Musk has told top executives they need to slash Tesla jobs by 10 per cent and pause hiring worldwide because he has a 'super bad feeling' about the economy. Musk wrote that any executive staff who wish to work remotely must be in the office for a minimum of 40 hours per week 'or depart Tesla' Responding to a …

Work 40 hours a week or quit: Elon Musk wants employees to return to office, email goes viral
2 years, 6 months ago

Work 40 hours a week or quit: Elon Musk wants employees to return to office, email goes viral

Firstpost  

In a leaked email that is circulating on the internet, Musk has demanded Tesla employee “must be in the office for a minimum of 40 hours per week or depart”. Tesla CEO Elon Musk wants employees to return to the office soon. A cultural awakening started in India in 2014, and it will again take India to the heights it …

Elon Musk's ultimatum to Tesla employees: 'Return to office or...'
2 years, 6 months ago

Elon Musk's ultimatum to Tesla employees: 'Return to office or...'

Hindustan Times  

The world’s richest man appears to have had it with this whole working-from-home business. Elon Musk, chief executive officer of Tesla Inc., weighed in on the return-to-office debate Wednesday on Twitter by elaborating on an email he apparently sent to the electric-car maker’s executive staff. Elon Musk told his Tesla employees that remote work is no longer acceptable. Under the …

Elon Musk tells Tesla workers to return to the office or lose their jobs
2 years, 6 months ago

Elon Musk tells Tesla workers to return to the office or lose their jobs

LA Times  

Tesla’s factory in Fremont, Calif. Chief Executive Elon Musk says employees must work from their assigned offices 40 hours a week or lose their jobs. Tesla Inc. Chief Executive Elon Musk sent an email late Tuesday to “Everybody” at his electric-car company, elaborating on an earlier missive to executive staff about the need to be in the office. Earlier, Musk …

Elon Musk tells Tesla employees: Return to the office, or else
2 years, 6 months ago

Elon Musk tells Tesla employees: Return to the office, or else

CNN  

New York CNN Business — Elon Musk is demanding that Tesla office workers return to in-person work or leave the company. The policy, disclosed in leaked emails Musk sent to Tesla’s executive staff Tuesday, was first reported by electric vehicle news site Electrek. This is less than we ask of factory workers,” Musk wrote, adding that the office must be …

Musk to Tesla employees: Return to office or get out
2 years, 6 months ago

Musk to Tesla employees: Return to office or get out

Al Jazeera  

In recent weeks, Tesla CEO Elon Musk praised Tesla China employees for ‘burning the 3 am oil’ while saying that Americans are ‘trying to avoid going to work at all.’ The world’s richest man has had it with this whole working-from-home business. Tesla Inc. Chief Executive Officer Elon Musk sent an email late Tuesday to “Everybody” at his electric-car company, …

Elon Musk Promises 10,000 Jobs at Tesla, College Degree Not Required
3 years, 8 months ago

Elon Musk Promises 10,000 Jobs at Tesla, College Degree Not Required

News 18  

Tesla CEO Elon Musk took to his Twitter account to share that the Tesla manufacturing plant being built near Austin will hire more than 10,000 people through 2022; and that students don’t need a college degree to work with the brand. According to a report by Austin American-Statesman, if Tesla will hire 10,000 workers then it will be double the …

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