Tesla laid off at least 10 percent of its workforce earlier this month, and in typical Tesla fashion, the Texas-based automaker made sure the layoffs were done in an organized fashion with plenty of communication and a clearly defined strategy. Just kidding. The layoffs were so poorly executed that security was forced to scan employees’ … Read more
Elon Musk will be pleased that his surprise jaunt to China on Sunday garnered many glowing headlines. The trip was undoubtedly equally a surprise to Indian prime minister Narendra Modi, who had been scheduled to offer Musk the red carpet on a long-arranged visit. The billionaire blew off India at the last minute, citing “very … Read more
The Supreme Court on Monday declined to hear Elon Musk’s challenge to a 2018 settlement agreement with the Securities and Exchange Commission (SEC) that required lawyers to approve some of the billionaire’s public posts about Tesla. The Tesla CEO filed an appeal with the Supreme Court in December, arguing that the agreement is a … Read more
Generally speaking, Dave Ramsey and his cohorts have a history of giving some terrible and frankly unhelpful advice when it comes to buying a car. However, in this case of a young crypto investor who is “bad at planning,” Ramsey’s buy a cheap car and have no debt approach would have been beneficial. Tesla’s Cybertruck … Read more
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
Tesla was recently forced to recall every Cybertruck it’s ever built — all 3,878 of them — because the cover on the accelerator pedal could come loose, causing unintended acceleration. As it turns out, though, you don’t even need to be old enough to get your driver’s license to deal with unintended acceleration recalls. JAKKS … Read more
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
BEIJING: By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting. Automakers are expected to launch 110 EVs and plug-in hybrids … Read more
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
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
