On Tuesday, Tesla reportedly laid off more than 200 people working on its Autopilot software and shuttered a facility in California. Musk has called full-self driving essential to Tesla’s long-term health, warning the company could be worth “basically zero” without it. The cuts are just a small portion of the team working on Autopilot, but …
Tesla is tracking office attendance by monitoring how often workers use their badges to sign in. The carmaker sent emails to employees who haven’t ‘badged in’ enough, Insider confirmed. On May 31, Elon Musk told staff to return to the office for 40 hours a week or quit, reports said. Tesla is monitoring employees’ office …
Troy Nehls, a U.S. Representative for Fort Bend County, Texas, wrote a letter asking Tesla CEO Elon Musk to work with government officials to strengthen the United States’ power grids and ensure their long-term resiliency and affordability. Nehls had previously voiced opposition to the growth of public charging stations for electric vehicles. He believes that the …
The Tesla Semi is expected to start limited production next year, as per previous comments by CEO Elon Musk. But even before the Class 8 all-electric truck enters production, the vehicle is already being used by the company to help in some of its projects. In a recently uploaded video, for example, Tesla showcased how …
The manufacturer of premium and high-end electric vehicles became the most profitable American carmaker in the first quarter of 2022. Tesla (TSLA) – Get Tesla Inc. Report leaves only crumbs to its rivals. The automotive industry disruptor does not share the accolades. And even less the place of darling among investors and consumers wanting to bet on or …
As a result of unprecedented economic conditions, South Korean battery manufacturer LG Energy Solution Ltd. (LGES) is reportedly reevaluating a $1.3 billion investment plan for a factory in Arizona. In response to the soaring demand for electric vehicles across the United States, LG Energy Solutions announced that it would construct a $1.4 billion battery production facility in …
It appears that Tesla’s Model Y production ramp in Gigafactory Texas is moving along well. As per recent reports, Tesla’s newest electric vehicle production facility has reportedly ramped its output to thousands of vehicles per week. That’s an impressive milestone, especially considering that the facility was just opened last April. Tesla recently caught some headlines after Elon …
Tesla’s electric vehicles are becoming a big hit among Uber drivers. One driver, Heidi Barnes from California, recently noted that she has more than doubled her tips since she ditched her Toyota Camry for a Tesla Model 3. Barnes had been driving for Uber for some time, but with the recent hike in gas prices, the …
As Tesla (NASDAQ:TSLA) approaches the end of the second quarter, Citi Research analyst Itay Michaeli has cut his forecasts for the company. In a note on Tuesday evening, the Citi analyst updated his model to reflect headwinds from Tesla’s business in China. Tesla China’s pace was disrupted by a substantial margin in the second quarter …
The Biden Administration announced Tuesday that a few private companies had committed more than $700 million in investments to boost domestic production of more than 250,000 new electric vehicle chargers annually. According to the White House, this investment will create at least 2,000 well-paying jobs and make EV charging more accessible, affordable, and fair. The …