Tesla has fired its Singapore country manager, just over a week after Elon Musk, the company’s CEO, warned of global job losses. Christopher Bousigues posted Sunday on LinkedIn, “Tesla announced a 10% of workforce reduction. My role was chosen to be eliminated as of today.” He goes on to say, “I’m proud to have been the…
Dutch electric vehicle manufacturer Lightyear unveiled their initial EV, the Lightyear 0, on June 9, and claims it can nearly eliminate trips to charging stations due to a solar array it installed on the car. Lightyear claims its optimized solar roof, which covers the length of the vehicle, will keep drivers charged for weeks, or…
With so many electric pickups set to hit the market in the coming years, consumers are playing their hands by holding reservations on multiple EV trucks due to the uncertainty of when they might be delivered. A new survey from Recurrent shows that “about 89% of Tesla Cybertruck reservations overlap with another truck pre-order, and 100% of…
Tesla will need to “rally hard to recover” from a “very tough quarter,” according to CEO Elon Musk’s internal email sent to employees last night. Tesla battled extensive shutdowns at its most productive manufacturing plant Gigafactory Shanghai earlier this quarter, which will require an extra push of effort from employees as Q2 comes to a…
Tesla stock (NASDAQ:TSLA) may be feeling some pressure on Monday’s intraday, but the electric vehicle maker actually received a rather optimistic outlook from RBC Capital Markets. In recent comments, analyst Joseph Spak raised his rating for Tesla from “Perform” to “Outperform,” though he lowered his price target from $1,175 to $1,100 per share. It’s not…
Tesla took a while before it started Model Y deliveries in Australia, but once the vehicle was made available for orders, it didn’t take long before the demand for the all-electric crossover overwhelmed the EV maker. Just days into the market, Tesla’s estimated delivery dates for the Model Y were adjusted well into next year.…
Sacramento Metro Fire put out their first Tesla fire last week. Firefighters extinguished the flames engulfing a Tesla Model S that had been sitting in a Sacramento wrecking yard for three weeks after an accident. “This was the 1st and only. The vehicle sat parked in a wrecking yard for 3 wks after a vehicle…
Larry Ellison will not return to the Tesla board, the automaker said in a 14A filing with the SEC yesterday. In the filing, which was released on June 10, Tesla announced that Larry Ellison, a board member and close friend of CEO Elon Musk’s, would be stepping down from his position. “In June 2022, Lawrence…
Tesla announced yesterday that it plans to execute a 3:1 stock split sometime after its Shareholder Meeting on August 4. Its last stock split, which occurred in August 2020, made shares more affordable for young and retail investors after the automaker’s stock price had ballooned to $2,213.40. But the company’s purpose for the 3:1 stock split is…
Tesla has expanded its camera-based Autopilot strategy, known as Tesla Vision, to two new territories, Australia and New Zealand. In May 2021, Tesla began shipping Model 3 and Model Y vehicles that were equipped with Tesla Vision, the company’s camera-based Autopilot feature. Tesla’s Autopilot and Full Self-Driving suites, which feature several active safety measures, are…