Last month, on a very odd investor call, Elon Musk declared that Tesla was no longer a car company. It’s a robotics company now, an AI company, and the cars are just means to that end. So how’s the whole robotics thing going? Well, according to a new video from the Optimus team, very slowly. … Read more
Image: Hauke-Christian Dittrich (AP) Tesla’s latest round of layoffs have left both the auto industry and company stock holders shook. Falling sales have forced the automaker to cut 10 percent of its total staff. Its left broadsided workers confused as they try to make heads or tails of severance packages that look to be pretty … Read more
Good morning! It’s Wednesday, April 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Profits Drop 55 Percent Tesla doesn’t seem … Read more
Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, reinspire their confidence in the company’s continued ability to generate returns. Why Tesla stock might not be a buy … Read more
Good morning! It’s Monday, April 22, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Chaos At Tesla 2024 has not been kind … Read more
Tesla Inc. has reduced prices for all its vehicles in China, according to its official website, as the US car giant faces stiff competition from China while its boss Elon Musk also had to defer visit to India that would open up a new big market for the company. This move follows price cuts on … Read more
Tesla is in a bad spot. The world’s largest electric carmaker on Monday told employees it would lay off more than 10% of its workforce, and two senior executives said they were leaving. Earlier this month Tesla announced a stunning drop in sales, delivering 387,000 cars worldwide in the first quarter, down 8.5% from the … Read more
Tesla had a really rough first quarter of 2024, and unfortunately for Elon Musk’s automaker, it doesn’t seem like it’s going to be an isolated incident. Industry analysts are now expecting deliveries for the entire 2024 calendar year to be noticeably down when compared to 2023. The Hype Behind Tesla Stock Success In 2023 One … Read more
Good morning! It’s Tuesday, April 9, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla’s Cybertruck Has Finally Arrived 1st Gear: Tesla Settle Autopilot Suit On Eve Of Trial Tesla reached a … Read more
Elon Musk is no stranger to court proceedings, but you wouldn’t know that reading this deposition that was released Monday. Musk was deposed in a lawsuit over the Tesla CEO falsely tweeting that a college kid from a different state was secretly a federal agent sent to disguise himself as a neo-Nazi and start a … Read more
