Tesla shared its first-quarter financial results with its stockholders on Tuesday and said that it has sped up the launch of new, more affordable electric cars. Tesla reported its biggest revenue decline in 12 years, with a 9% drop from earnings last year. The company made $21.3 billion in Q1 2024, down from $23.3 billion […]
This article originally appeared on Business Insider. Tesla told staff it was laying off more than 10% of its workforce on Sunday night, but some workers didn’t realize they were laid off until they showed up at the company’s facilities, five current or former workers told Business Insider. The cuts impacted engineers and production associates […]
Less than two weeks after Tesla announced its first year-over-year delivery drop since 2020, CEO Elon Musk sent an internal email to staff stating that the company would cut at least 10% of its global workforce. Musk’s memo, sent at close to midnight PST on Sunday in California, explained that “there has been duplication of […]
Electric automotive giant Tesla is cutting 14,000 jobs as sales have been slowing. Billionaire Elon Musk’s eco-friendly electric car company announced the redundancies, as reported by Elektrek. Musk cuts staff via memo Elon Musk reportedly contacted staff and the memo made it’s way to the mainstream media. Elektrek published the memo Musk compiled that earmarked […]
Billionaire Investor Ron Baron Remains Bullish On Tesla But Calls Musk’s Twitter Stake ‘Meaningless’ The topline Billionaire investor Ron Baron, one of Tesla’s largest shareholders, told CNBC in an interview Thursday that Elon Musk’s roughly $3 billion stake in Twitter is “meaningless” and that investors should be more excited about what he predicts are massive […]