Tesla may consider Texas as its new home after establishing a Gigafactory in the state, but the EV maker is still getting the cold shoulder from the local auto market. Just recently, for example, Texas released a list of electric and electrified vehicles that are eligible for its Light-Duty Motor Vehicle Purchase or Lease Program.…
Elon Musk recently noted that Tesla would be reducing its salaried headcount by 10% as the company has become overstaffed in some areas. This initiative, at least according to Goldman Sachs analyst Mark Delaney, could translate into ~$0.225-$1.0 billion in annual OPEX savings. In a message to Tesla employees, Musk noted that while the company…
Tesla CEO Elon Musk has fired a warning shot at Twitter over his concerns about the social media company’s spam and fake accounts. Musk’s concerns were outlined in a letter to the company on Monday. The letter, which was included in an amended securities filing, featured several concerns that Musk had about the Twitter deal. As…
Last year, something remarkable happened in Germany’s job market. While the top workplaces among engineers have always been local car manufacturers, Tesla, the American electric vehicle maker, shot up to second place in last as Gigafactory Berlin neared completion. The analysis of Germany’s preferred workplaces among the country’s engineers was done by employer branding consultancy Universum, which…
Tesla’s new policy on remote work, which essentially eliminates the possibility of employees working from home, has e-commerce giant Amazon attempting to poach employees who are unhappy with Elon Musk’s new demands. “Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per…
Tesla CEO Elon Musk sent an email to company executives earlier this week explaining his reasons for a cutback on salaried positions, which was based on a “super bad feeling” about the United States economy. President Joe Biden, during a press conference at the White House yesterday, took Musk’s comments personally after making numerous claims about the…
Tesla’s second rendition of Artificial Intelligence Day has been pushed back to September 30, as CEO Elon Musk stated the company may have a working prototype of Optimus, its robot that it unveiled at AI Day #1 last August. “Tesla AI Day pushed to Sept 30, as we may have an Optimus prototype working by then,” Musk…
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…