💼 RBC Capital analyst Tom Narayan maintained a “Buy” rating for Tesla (TSLA) with a $298 price target. 📉 Despite the positive rating, Tesla shares experienced a notable 5.59% decline on Monday. 📉 The decline in Tesla’s shares was attributed to news regarding workforce trimming and the departure of key executives. 📧 A leaked email…
🚔 The Anaheim Police Department has initiated a pilot program to test six Tesla Model Y vehicles as patrol cars. 📹 Unplugged Performance collaborated with the police department to outfit the Model Y Long Range police units for the pilot. 💼 The pilot program aims to evaluate the reliability and cost-effectiveness of the Tesla Model…
🚗 Several Quicksilver Model Y and Cybertruck units are visible at Tesla’s Gigafactory Texas this week. 📹 Drone footage from Joe Tegtmeyer showcases around 340 Cybertrucks and 87 Quicksilver Model Y units at the Austin plant. 🔍 Tesla is constructing a mysterious structure at the Gigafactory Texas site, yet its purpose remains undisclosed. 🏗 The…
💼 Tesla supplier Piedmont Lithium receives approval to establish mining operations in North Carolina. 🛠️ Despite approval, Piedmont may encounter obstacles during the development of its mining operation. 📜 The North Carolina Department of Environmental Quality grants the mining permit, contingent upon a $1 million reclamation bond. 💧 Concerns from local communities include water and…
💡 Rivian introduces “Charging Scores,” a feature allowing drivers to assess fast charger reliability based on real-world experiences. 📊 The Charging Score grades chargers from A to F, considering factors like top speed, payment success, and overall charge session success. 🛣️ Charging Scores are integrated into Rivian’s trip planner, prioritizing fast charging sites with higher…
💼 Tesla has initiated layoffs affecting about 10% of its workforce, alongside the departure of two high-profile executives. 📧 Impacted employees received an email notifying them of the layoffs, citing restructuring as the reason and offering support during the transition. 🕒 The layoffs were effective immediately, with affected workers receiving information about severance packages and…
💼 Tesla CEO Elon Musk emphasized the need to reorganize and streamline the company every five years for the next phase of growth. 📉 Tesla trimmed at least 10% of its global workforce as part of its efforts to reduce costs and increase productivity. 🚗 Tesla is preparing to launch a new, next-generation vehicle platform…
💼 Tesla’s Vice President for Public Policy and Business Development, Rohan Patel, is leaving the company. 📝 Patel announced his departure via his personal social media account, expressing gratitude to Tesla’s team and customers. 🌟 He praised Tesla’s Policy and Business Development team as one of the best in the industry. 👨👩👧👦 Patel intends to…
🚗 Drew Baglino, Tesla’s SVP Powertrain and Energy Engineering, is leaving the company after 18 years. 💼 Baglino announced his departure on his personal X account, expressing gratitude for his time at Tesla and the opportunity to contribute to the mission of sustainable energy. 🌱 He mentioned that when he joined Tesla in 2006, he…
💼 Elon Musk’s apparent leaked email suggests that Tesla is planning to lay off over 10% of its global staff. 📧 The leaked email was shared by industry insiders in China, outlining the reasons behind the layoff decision, including duplication of roles and the need for cost reductions. 📉 While the news may be perceived…