Departing Tesla Exec Can’t ‘See The Long Game’ As Layoffs Hit Morale, Stock Price

Departing Tesla Exec Can’t ‘See The Long Game’ As Layoffs Hit Morale, Stock Price

Good morning! It’s Friday, May 10, 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 Big Discounts Worked, Sort Of 1st Gear: What’s The End Game For Tesla’s Mass Layoffs? For weeks, … Read more

Tesla May Have Committed Securities, Wire Fraud With Autopilot

Tesla May Have Committed Securities, Wire Fraud With Autopilot

So folks, it’s looking like U.S. prosecutors’ probe into Tesla and Autopilot will be going well beyond whether the systems actually work or not. Regulators are now looking to see if Elon Musk and Tesla committed securities or wire fraud by misleading investors and customers about the self-driving capabilities of their cars, according to Reuters. … Read more

Tesla Lays Off Lowly Paid Interns Weeks Before Summer Starts

Tesla Lays Off Lowly Paid Interns Weeks Before Summer Starts

Good morning! It’s Friday, May 3, 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. 1st Gear: Interns Are Tesla’s Latest Cost-Cutting Victims It’s a stressful time for anyone with a job at … Read more

Another Elon Musk Promise Dies As Tesla Scraps ‘Gigacasting’

Another Elon Musk Promise Dies As Tesla Scraps ‘Gigacasting’

Good morning! It’s Thursday, May 2, 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: Elon Musk, Tesla Kill ‘Gigasting’ Manufacturing Process Tesla … Read more

Here’s How Much Severance Laid Off Tesla Workers Are Getting

Here’s How Much Severance Laid Off Tesla Workers Are Getting

Tesla cut 10 percent of its workforce a few weeks ago, and now we’re getting a better look at what sort of severance package its recently laid-off workers are getting. CEO Elon Musk sent an email to impacted employees late at night on April 14 letting them know they were immediately terminated and cut out … Read more

You Can Already Buy A Tesla For $25,000, They’re Just Used

You Can Already Buy A Tesla For ,000, They’re Just Used

It’s safe to say that the $25,000 Tesla “Model 2” — or whatever it was going to be called — probably isn’t happening. Musk and Tesla have other priorities given everything that’s happening with the company right now. Don’t fret though. If something like a Nissan Leaf or Chevy Bolt won’t do and you just … Read more

Tesla Hopes New Models Can Shore Up A 55 Percent Drop In Profits

Tesla Hopes New Models Can Shore Up A 55 Percent Drop In Profits

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 Learns Hard Lesson: Go Anti-Woke, Go Broke

Tesla Learns Hard Lesson: Go Anti-Woke, Go Broke

Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla … Read more

Tesla’s Q1 Earnings Call Is Tonight, Tune In Here For Live Updates

Tesla’s Q1 Earnings Call Is Tonight, Tune In Here For Live Updates

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

Tesla Attempts To Overshadow Likely Bad Earnings Call With New 510-HP Model 3 Performance

Tesla Attempts To Overshadow Likely Bad Earnings Call With New 510-HP Model 3 Performance

Photo: Tesla Tesla launched the newest iteration of its Model 3 Performance Tuesday, just in time for what promises to be a tense Q1 earning call. First, the car; the automaker claims it’s the most powerful electric sedan it has ever produced, boasting an advertised 163 mph top speed and a 2.9 second 0-to-60 mph … Read more