Tesla’s surprising new route to EV domination
1 year, 5 months ago

Tesla’s surprising new route to EV domination

Hindustan Times  

IN 2011 TESLA stated an aim of becoming “the most compelling car company of the 21st century, while accelerating the world’s transition to electric vehicles”. Mr Musk’s ambition to dominate the auto business—making 20m cars a year by 2030, double the current output of today’s top manufacturer, Toyota, and creating the go-to self-driving system—certainly compels investors, who value Tesla at over $900bn. To make even 5m-6m cars a year this decade, a more realistic target than Mr Musk’s goal of 20m, would require “embracing the techniques of legacy auto”, observes Dan Levy of Barclays, a bank. Worldwide electric vehicles Unlike incumbent carmakers’ “something for everybody” approach, Tesla manufactures just five models and relies heavily on two of them.

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History of this topic

Americans view both Musk and Trump roughly equally favorably, new poll discovers
5 days, 1 hour ago

Americans view both Musk and Trump roughly equally favorably, new poll discovers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The people want change," Musk told the audience of …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
1 week ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

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 Elon Musks’s wealth has …

How Trump 2.0 doesn’t guarantee Musk a cakewalk
4 weeks, 1 day ago

How Trump 2.0 doesn’t guarantee Musk a cakewalk

Firstpost  

The richest man in the world and owner of Tesla, SpaceX and X, Elon Musk wouldn’t have it easy despite being one of the most prominent campaigners for US President-elect Donald Trump The evolving relationship between Musk and Trump will likely test both their commitments to their respective goals After braving the shock of Republican Donald Trump’s victory in the …

Jaguar rebrand is pink, diverse and doesn’t feature any cars
1 month ago

Jaguar rebrand is pink, diverse and doesn’t feature any cars

Live Mint  

Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market. Elon Musk, the world’s richest man and chief executive of electric-vehicle maker Tesla, responded to Jaguar’s video on X by asking, “Do you sell cars?" Other X users asked whether the video was a joke, said it would cause …

Elon Musk reveals he owns only 2 petrol cars, you wouldn't believe what these two are
1 month ago

Elon Musk reveals he owns only 2 petrol cars, you wouldn't believe what these two are

India Today  

Elon Musk, the king of electric vehicles and the mastermind behind Tesla, just did something no one saw coming—he talked about petrol cars. Responding to their promo video, he tweeted, “Do you sell cars?” Musk then went on to reveal that he owns just two petrol cars. In a follow-up tweet to a person sharing the image of a Jaguar …

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind
1 month ago

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind

LA Times  

Here’s what you need to know to start your day. That’s welcome news to Elon Musk, whose Tesla Motors is the state‘s and nation’s most popular purveyor of electric cars. “Taking away buyer credits would hurt them more than it would hurt Tesla, whose EV market share has begun to drop in the face of new competition.” The subsidy shakeup …

Musk has Trump’s ear, and that could help Tesla. Other EV makers? Maybe not so much
1 month, 1 week ago

Musk has Trump’s ear, and that could help Tesla. Other EV makers? Maybe not so much

LA Times  

President-elect Donald Trump’s full-throated support for oil and gas drilling might be expected to send a chill through the electric vehicle industry were it not for a wild card in his fledgling administration: Tesla Chief Executive Elon Musk. “If there’s a silver lining” to Trump’s victory, said Ramses Madou, chair of the Open Mobility Foundation, “it’s that Elon Musk can …

Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
1 month, 1 week ago

Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards

CNN  

New York CNN — The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers. ‘It will only help Tesla’ Musk signaled during the campaign that he would support ending the …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 1 week ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
1 month, 2 weeks ago

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years

Hindustan Times  

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported. Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as …

Elon Musk's Tesla hits $1 trillion market value after Trump win
1 month, 2 weeks ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
1 month, 2 weeks ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Tesla shares soar pre-market as Trump hails 'genius' Musk
Trending News
1 month, 2 weeks ago

Tesla shares soar pre-market as Trump hails 'genius' Musk

New Indian Express  

PARIS, France: Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius". "We have a new star, a star is born: Elon," Trump said, marvelling at Musk's SpaceX rocket and the deployment of the Starlink satellite internet service during Hurricane …

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion
1 month, 3 weeks ago

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion

Firstpost  

Tesla's stock soars on strong sales and cost-cutting, with the company's market value increasing by $150 billion in a single day. This impressive rally erases recent losses and alleviates concerns about Musk's focus on new ventures like Robotaxi. However, regulatory hurdles surrounding driverless ride-hailing services remain a potential roadblock to Tesla's ambitious plans.

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge
Trending News
1 month, 4 weeks ago

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge

Live Mint  

Tesla's AI ambitions are gaining attention, but the company faces challenges in funding these endeavors. Musk plans to spend heavily on AI-related expenses, including the development of self-driving cars and AI-powered robots. However, Tesla's profit margins are under pressure due to lower vehicle deliveries and aging model lineup. The company's focus on AI and robotics could potentially boost its market …

Tesla suffers first drop in UK sales since 2013
2 months, 1 week ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

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 …

Musk the surrogate: The tech titan will hit the campaign trail for Trump
2 months, 2 weeks ago

Musk the surrogate: The tech titan will hit the campaign trail for Trump

Politico  

Also over the weekend, Musk changed his profile icon on his account on X to an image of him wearing a black MAGA hat and added to his bio a link to the America PAC account. And on Sunday afternoon, Musk unveiled a new program in which he promised to pay $47 to people who register voters in seven swing …

What next for Tesla shares? Why energy storage may decide its future
3 months, 3 weeks ago

What next for Tesla shares? Why energy storage may decide its future

Daily Mail  

There are various factors behind the poor performance in the shares of this member of the Magnificent Seven of tech. Chinese manufacturers, such as BYD and Geely, are challenging Tesla's dominance – especially in China, the world's largest EV market. BMW may hold on to this advantage following the imposition by the EU of a 9 per cent duty on …

Never mind Trump’s new rhetoric — he’s still gunning for EVs
4 months, 1 week ago

Never mind Trump’s new rhetoric — he’s still gunning for EVs

Politico  

After more than a year of denigrating Biden’s EV policies as “lunacy” and calling for electric car supporters to “ROT IN HELL,” Trump told a rally in Atlanta this month that he’s for “a very small slice” of cars being electric. Trump is “going to take a step back from making EVs a ‘punching bag,’” said Nick Nigro, founder of …

Musk says Trump's withdrawal of EV support will harm rivals more than Tesla
4 months, 4 weeks ago

Musk says Trump's withdrawal of EV support will harm rivals more than Tesla

Firstpost  

Former President Trump, the Republican candidate supported by Musk, has been critical of the Biden administration’s EV policies and has said that he will ’end the electric vehicle mandate’ if he wins office Musk said any Trump removal of subsidies, and the resulting impact on Tesla car sales was not crucial because Tesla is an artificial intelligence company focused on …

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change
5 months, 1 week ago

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change

Associated Press  

DETROIT — Tesla CEO Elon Musk on Monday appeared to confirm a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. For many years Musk has said Tesla’s “Full Self Driving” system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use of …

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.
5 months, 1 week ago

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.

Slate  

It’s tough to gauge how well the United States’ burgeoning electric vehicle industry is faring in 2024. EV ownership is increasingly politicized, in both directions—liberals horrified by Elon Musk’s far-right turn are fueling the Tesla sales slump, while right-wingers fearmonger over foreign EV companies and want to get electric cars off the road altogether. You can see this in the …

Rough road ahead for U.S. EVs despite upbeat quarterly sales
5 months, 2 weeks ago

Rough road ahead for U.S. EVs despite upbeat quarterly sales

The Hindu  

Better-than-expected U.S. electric-vehicle sales in the second quarter brought relief to investors after a sharp slowdown in demand triggered by high interest rates, but EV makers still face obstacles ahead. EV sales globally are expected to rise to 16.6 million vehicles annually, from 13.7 million in 2023, according to the International Energy Agency, with China’s growth outpacing other regions. Tesla …

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong
6 months ago

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong

LA Times  

Elon Musk won two big shareholder votes at Tesla on Thursday, but that may not be good for Tesla shareholders. No one who has followed the career of that famously self-effacing and modest business leader Elon Musk could have expected him to boast openly about having secured approval from Tesla shareholders for two important initiatives: moving the company’s state of …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 1 week ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
6 months, 1 week ago

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

Hindustan Times  

* Musk wins pay approval but still faces Tesla's floundering stock and rich valuation Shareholders re-approve controversial pay package * Tesla's stock rises nearly 3% on Thursday, remains down 27% in 2024 * Market cap remains by far the highest among automakers By Noel Randewich June 14 - Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 1 week ago

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Al Jazeera  

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. The shareholders’ vote does not necessarily mean Musk will receive the pay package but could bolster Tesla’s appeal against the Delaware ruling against the deal. Under the terms of his 2018 pay deal, Musk agreed to be paid stock worth about 1 percent of Tesla’s …

'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 stock jumps after Musk says shareholders backed pay package
6 months, 1 week ago

Tesla stock jumps after Musk says shareholders backed pay package

LA Times  

Tesla Inc. shares jumped after Elon Musk said shareholders voted “by wide margins” in favor of reapproving his compensation package and moving the company’s state of incorporation to Texas. Musk and Tesla’s board have spent the last two months rallying support for the measures, putting particular emphasis on the pay deal that made Musk eligible for as much as $55.8 …

Elon Musk opposes US tariffs on Chinese EVs
6 months, 4 weeks ago

Elon Musk opposes US tariffs on Chinese EVs

China Daily  

FILE PHOTO: Elon Musk in Beverly Hills, California, US, May 6, 2024. PARIS -- Tesla CEO Elon Musk has said he opposed US tariffs on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," Musk said Thursday when answering audience questions via video link during VivaTech, an annual technology conference dedicated to innovation and startups in Paris. "In …

Elon Musk tries to make himself indispensable at Tesla ahead of pay vote
7 months, 2 weeks ago

Elon Musk tries to make himself indispensable at Tesla ahead of pay vote

Live Mint  

Elon Musk likes to say he doesn’t want to be CEO of Tesla. “Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car," Musk tweeted recently. In this case, Tesla faces an EV market contending with increased competition in China and growing popularity of hybrids in the U.S.; the promise of …

Tesla CEO Elon Musk visits China during Beijing auto show
7 months, 3 weeks ago

Tesla CEO Elon Musk visits China during Beijing auto show

The Hindu  

Tesla CEO Elon Musk met with a top government leader in the Chinese capital on Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Mr. Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Deciphering Tesla’s lans for a cheaper car demands a Muskology degree
7 months, 3 weeks ago

Deciphering Tesla’s lans for a cheaper car demands a Muskology degree

Live Mint  

The chief executive loves to talk about the future of robot cars and what might come. “These new vehicles, including more affordable models, will use aspects of the next-generation platform as well as aspects of our current platforms, and we’ll be able to produce on the same manufacturing lines as our current vehicle lineup," Musk told analysts Tuesday. When the …

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk
7 months, 4 weeks ago

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk

Firstpost  

Tesla is planning to make newer, cheaper EVs on its existing production lines. CEO Elon Musk responded to the Reuters report on X, dismissing it as a “lie.” On Tuesday, Tesla discussed new models that appeared to differ from the Model 2, without directly addressing the Reuters report. In January, Musk announced Tesla’s plans to start making a cheaper new …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
7 months, 4 weeks ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
8 months ago

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

NPR  

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis Enlarge this image toggle caption Ebrahim Noroozi/AP Ebrahim Noroozi/AP After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI …

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
8 months ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

Tesla cuts prices amid global challenges
8 months ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Elon Musk turned democrats off Tesla when he needed them most
8 months ago

Elon Musk turned democrats off Tesla when he needed them most

Live Mint  

For years, the biggest cohort of Tesla buyers, politically speaking, has been Democrats. The proportion of Democrats buying Tesla vehicles fell by more than 60%, according to car buyers surveyed in October and November by researcher Strategic Vision. Other surveys have captured a pullback in consumers’ consideration of Tesla vehicles since Musk acquired the social-media platform in late 2022 and …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

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. The price cuts caused used electric vehicle values …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

'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 …

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report
8 months, 1 week ago

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report

India TV News  

Washington: Ahead of Tesla CEO Elon Musk's visit to India, the US electric carmaker is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions told news agency Reuters. India last month cut electric vehicle import taxes to 15% from as much as …

Tesla to slash more than 10% of its global workforce
8 months, 1 week ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Tesla pulls a U-turn on affordable vehicle plans
8 months, 2 weeks ago

Tesla pulls a U-turn on affordable vehicle plans

China Daily  

Tesla showcases its models at the Beijing auto show in 2020. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans. A fourth person with knowledge of Tesla's plans expressed optimism about the decision to …

Why Tesla’s electric car bubble is threatening to burst
8 months, 3 weeks ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

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