Elon Musk’s Tesla yanks summer internship offers, students say
Baron’s senior writer Al Root discusses Tesla’s market performance and the automaker’s strategy for electric vehicles. Tesla has reportedly rejected summer internship offers for college students. Multiple students described their situations in posts LinkedIn profile this week. Bloomberg first reported the news. Bloomberg reported on Wednesday. One of the students identified by the report said […]
Tesla Backtracks on Supercharger Expansion Plans After Firing Entire Charging Team
Due to Elon Musk’s recent decision to lay off Tesla’s entire charging team, Tesla is reportedly already backing away from plans to expand its Supercharger network. EV owners already face difficulties finding available charging stations, especially during busy travel times, and these difficulties are unlikely to ease any time soon. Electrek report In a move […]
Elon Musk’s move to disband Tesla EV charging team blindsides car industry
Elon Musk’s sudden decision to lay off employees in charge of Tesla’s electric vehicle charging business comes as the company prepares to outfit new EVs so customers can take advantage of the Tesla Supercharger network. It blindsided automakers, industry officials and analysts said Tuesday. General Motors, Ford and other automakers that signed deals last year […]
Tesla Shares Rise 15% After Sweetheart Deal with Chinese Government
Shares in Elon Musk’s Tesla rose 15% on Monday after the electric car maker reached a key milestone in rolling out its advanced driver-assistance technology, Fully Self-Driving (FSD), in China. For years, Tesla has offered FSD functionality (an “upgrade” to the dangerous Autopilot driver assistance feature) in China, but it was a limited version of […]
Tesla lays off more workers, two senior executives out: report
Barron’s senior writer Al Root discusses the performance of the Tesla market and the automaker’s strategy regarding electric vehicles. After cutting its workforce by 10% earlier this month, Tesla has reportedly made further cuts, with two more top executives leaving. information According to reports, Tesla CEO Elon Musk sent an email to executives Monday night […]
Tesla Axes More Jobs, Including Senior Execs and EV Charging Team
Tesla has reportedly laid off hundreds of employees, including senior executives and most of the Supercharger team. The desperate move comes on the heels of recent mass layoffs of 14,000 employees, part of what Musk claims is aimed at cutting costs for the struggling EV company. It is an “absolutely powerful” plan. The Verge report […]
Elon Musk Meets with Chinese Premier in Beijing, Bolstering Tesla Stock
Billionaire Elon Musk made a surprise visit to China to seek approval from the Chinese government for self-driving features for Tesla electric vehicles (EVs). On Sunday, Musk posted a photo on his social media platform X of himself meeting Chinese Premier Li Qiang, whom he described as an old friend. It is an honor to […]
Musk’s ‘Twitter sitter’ saga drags on with Supreme Court rejecting his plea to ditch Tesla lawyer
Elon Musk’s agreement with the Securities and Exchange Commission to have a lawyer screen and approve Musk’s social media posts about Tesla will remain after the Supreme Court rejected Musk’s appeal. The justices refused to hear contentions from Tesla’s CEO that the 2018 accord he signed violated his constitutional rights. The accord was prompted after […]
Supreme Court won’t hear Elon Musk’s Tesla tweets SEC settlement appeal
The U.S. Supreme Court on Monday ruled on Elon Musk’s lawsuit seeking to throw out part of a securities fraud settlement with the Securities and Exchange Commission that would limit the billionaire businessman’s public comments about electric car company Tesla. He refused a hearing. The justices rejected an appeal of a lower court’s decision to […]
Supreme Court declines to hear Musk challenge to SEC order over Tesla posts
The Supreme Court on Monday declined to hear Elon Musk’s challenge to a 2018 settlement agreement with the Securities and Exchange Commission that required lawyers to approve some of the billionaire’s public posts about Tesla. . Tesla’s CEO appealed to the Supreme Court in December, arguing that the agreement is unconstitutional because it is a […]