Tesla shared its first-quarter financial results with its stockholders on Tuesday and said that it has sped up the launch of new, more affordable electric cars. Tesla reported its biggest revenue decline in 12 years, with a 9% drop from…
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. The Austin, Texas, company said it made $1.13 billion from January through…
Elon Musk’s decision to lay off the majority of Tesla’s 500-person electric vehicle (EV) charging team, except for a few reassigned employees, has “blindsided” other carmakers who were depending on Tesla’s infrastructure for their new EVs, industry officials and analysts…
Tesla has dismissed the entire EV charging team that helped develop its vast network of charging stations across the country. Other automakers who use its charging technology are worried about the impact of this on their business, but Tesla has…
We are getting more information on the ongoing layoffs at Tesla. Several employees describe the situation as Elon Musk “throwing his weight around” to solidify his status after being mostly absent over the last year. But he is coming in…
I was on a youtube panel discussion with Herbert Ong, Jeff Lutz and Xander Sky. We were talking yesterday about the major Tesla deal with Baidu for FSD mapping and for the various China approvals that put Tesla on the…
The Tesla rollercoaster party keeps going. After a massive round of layoffs, which saw over 10% of its workforce cut, more job losses are rocking the company. Shockingly, Tesla’s entire Supercharger team and other long-time executives have been eliminated, leading to whispers about…
Elon Musk is planning to expand Tesla’s Full Self-Driving Software (FDS) to China. On his trip, he met with Premier Li Qiang in Beijing, who previously helped him set up Tesla’s first Chinese factory in Shanghai. This move comes at…
It’s only been two weeks since Tesla began reducing its workforce by ten percent, a move that impacted at least 14,000 staffers. Now, even more pink slips are coming. The company let go of two senior executives today and plans…
The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads.…