Elon Musk to lay off nearly 2,700 employees at Tesla's gigafactory in Texas

The news comes as Tesla's sales continue to plunge, its stocks lose 43 percent of value in 2024, and the Cybertruck recall hurts the company's reputation. Read More

Tesla Layoffs 2024: 6000 jobs CUT by Elon Musk's company in THESE cities - Details

On Tuesday, Tesla revealed plans to lay off 6,020 employees in Texas and California, coinciding with CEO Elon Musk's forthcoming strategy to tackle dwindling demand and declining margins. This move ... Read More

Elon Musk apologizes to laid off Tesla workers for 'incorrectly low' severance pay outs

Tesla announced that it’d be laying off roughly 10 percent of its employees, a move that sent ripples through the EV industry. A day later, CEO Elon Musk came forward to apologize over severance ... Read More

Tesla has analysts buzzing after Elon Musk says it is now an AI robotics company

Tesla's Q1 earnings report shows a drop in revenue, deliveries, margins, and EPS, but highlights plans for new mass-market models and a robotaxi platform. Read More

Elon Musk announces Tesla will unveil a ‘robotaxi’ on August 8

But Musk, on a Friday afternoon, when companies tend to bury news, announced on X that Tesla would unveil its robotaxi on August 8. His post was simple and included no details. Read More

Elon Musk Says Tesla Will Reveal Its Robotaxi On Aug. 8

Billionaire Tesla CEO Elon Musk announced Friday afternoon in a post on X that Tesla will unveil its highly anticipated robotaxi later this summer—delivering an after-hours boost to the company ... Read More

Elon Musk promises Tesla robotaxis in August

Elon Musk, as the billionaire head of X and Tesla is wont to do, fired off a tweet announcing major business ... news service had published an in-depth feature reporting that Tesla wanted to scrap ... Read More

Elon Musk

Tesla announced that it will cut the price for its Full Self-Driving software by one-third from $12,000 to $8,000 as it looks to boost customer demand amid a difficult quarter. Elon Musk's Tesla ... Read More

Elon Musk says Tesla will unveil its robotaxi this year

Tesla will reveal its robotaxi in August, CEO Elon Musk said ... in recent years, as Musk pursues self-driving features to increase the value of the company's cars through software. Shares of Tesla ... Read More

Tesla stock leaps as Elon Musk pushes key technology tied to profit boost

One business unit that Musk has suggested could add early heft to Tesla's profit margins, however, is now starting to emerge as a financial and practical reality. Musk told Tesla employees late ... Read More

Elon Musk denies report that Tesla's $25,000 car is dead

Elon Musk denied a Reuters report that Tesla was scrapping plans for a $25,000 car. The inexpensive model has been an important part of Tesla's plans for several years. Tesla shares were down by about ... Read More

Elon Musk

Elon Musk is a multi ... named at the time Tesla Motors. Musk helped grow the company into one of the leading car manufacturers in the world after becoming its chairman and product architect. Read More