Tesla had its Q1 earnings call last night, right after releasing news that its profits last quarter fell 55 percent. Not only is that loss a big drop on its own, but it’s also significantly higher than the 40-percent drop that analysts had estimated ahead of the announcement. Instead of making that the main topic … Read more
Photo: Tesla Things aren’t going well at Tesla. The stock is currently down more than 40 percent year-to-date, analysts expect the Texas-based automaker to announce a 40 percent drop in profits, more than 20,000 people are expected to lose their jobs, and Tesla’s flagship product, the Cybertruck, is already on its second recall, this time … Read more
Elon Musk is filthy, stinking rich. Despite Tesla’s current troubles resulting in his net worth tumbling a few billion, he’s still the third richest person on the planet. Apparently that wealth isn’t enough for him or Tesla. Now, the company actually created a website to convince shareholders that their part-time CEO deserves a $55 billion … Read more
Tesla investors are getting tired of Elon Musk’s antics (just like would-be buyers), and they are not a fan of another record payday for the CEO if he continues to be a “part-time” CEO. Shareholders are soon expected to vote on a new compensation deal for Musk at this year’s annual meeting after a Delaware … Read more
Tesla is now going to offer U.S. customers a one-month free trial of its Full Self-Driving beta driver-assist system, according to a post on X from company CEO Elon Musk. The move comes as demand for electric vehicles softens and a price war among EV makers rages on. Both factors have hurt Tesla’s sales and … Read more
After living overseas for a while, Aaron and his family are returning to the US and moving to Arkansas. He is looking for a fully electric car that can handle two kids in car seats and ideally a few bicycles. With a budget of up to $45,000, what car should he buy? AAA Offers an … Read more
A bakery in San Jose, California is rightfully pissed at Tesla after employees at the automaker placed a massive pie order to celebrate Black History Month, only to cancel it after the Black-owned business worked to meet the huge request. The Hype Behind Tesla Stock Success In 2023 Photo: The Giving Pies The Giving Pies … Read more
Photo: Patrick Pleul/dpa (Getty Images) Word through the grapevine is that Tesla — the most valued automaker in the world by an incredible margin — is looking to cut staff. Nothing’s been officially announced, but managers have had to tell their bosses which folks are mission-critical — never a good sign. If only seven more … Read more
Elon Musk’s Tesla can apply for incentives under the National Programme on Advanced Chemistry Cells (ACC) Battery Storage, Minister of State for Heavy Industries, Krishnan Pal Gurjar informed the Rajya Sabha on Friday. He was responding to question on whether a separate policy for providing incentives to Tesla is being formed. While answering another question, … Read more
Photo: Ford Motor Company Ford still has high ambitions for its electric vehicle projects despite slashing battery production amid slowing EV sales last year. Ford’s Tesla-envying CEO Jim Farley stated during an earnings call yesterday that a new low-cost EV platform was in the works, aiming to compete directly with the Elon Musk-led automaker in … Read more
