The Securities and Exchange Commission has officially established the distribution of the Tesla Fair Fund, the agency announced. The fund aims to pay investors who were negatively affected by Tesla CEO Elon Musk’s “funding secured” Tweets from 2018 as part of a settlement the automaker and Musk made with the SEC. Investors who acquired shares…
After Tesla CEO Elon Musk reportedly sent an email to company executives stating the automaker may reduce its employee headcount by 10 percent due to a “super bad feeling” about the economy, he sent another email to all employees confirming the company is “overstaffed in many areas.” “Tesla will be reducing salaried headcount by 10%,…
Tesla is reportedly going to cut its employee headcount by 10 percent, according to a new report from Reuters, CEO Elon Musk said in an email to executives. Musk reportedly has a “super bad feeling” about the economy, which could bring on a layoff of nearly 10,000 employees worldwide catalyzed by risky economic conditions, along with…
SpaceX CEO Elon Musk says an upgraded Starship prototype has passed its first cryogenic proof or ‘cryoproof’ test after undergoing a week of repairs. Around noon, local sheriffs closed the road to Starbase’s orbital launch site (OLS) and SpaceX cleared the pad of all personnel, freeing up Starship S24 for the next stage of testing.…
The Tesla Cybertruck has attracted yet another crazy third-party modification from company Space Campers, which developed a “wedge-style” camper perfect for the great outdoors. Built from aerospace-grade composites, Space Campers developed the wedge design to last a lifetime, with all of the most appropriate accessories for a weekend in the wild. The Space Campers’ new…
Elon Musk sent a series of emails to Tesla employees and executives on Tuesday describing a termination of “work from home” policies, which brought on a wide range of reactions. Germany’s largest trade union, IG Metall, which is based in the same German state where Tesla’s Gigafactory Berlin is located, voiced a harsh reaction to…
SpaceX appears to be making great progress towards the start of its first full Super Heavy static fire campaign, building upon extensive Starship testing and a single booster static fire completed in July 2021. On May 14th, upgraded Super Heavy booster B7 was moved back to SpaceX’s South Texas Starbase Starship factory after completing a…
General Motors-owned Chevrolet rolled back prices of the new model year versions of the Bolt EV and EUV by $5,900 and $6,300, respectively, despite electric vehicle costs increasing due to materials and parts shortages. The new Bolt EV will cost $26,595, while the Bolt EUV starts at $28,195, both prices including the $995 destination charge.…
Panasonic said on Wednesday that it has shipped samples of Tesla’s 4680 cell to the automaker ahead of mass production. Panasonic detailed its plans for the production timeline during the first day of the company’s annual investor event. “A pilot line, created first in Japan, made it possible to start large-scale prototype production in May,”…
Tesla has received top marks in the Human Rights Campaign Corporate Equality Index’s 2022 Best Places to Work for LGBTQ Equality for the 7th consecutive year. The HRC’s complete report shows that Tesla received a perfect score once again, as the Corporate Equality Index 2022 ranks companies on equality for those in the LGBTQ community. In…