Tag: Elon Musk

December 22, 2023

The company raised over $450 million since it was founded in 2014. The company is reported to be trying to sell its assets including a test track built in the Nevada desert. Employees have been told they will be laid […]

October 18, 2023

Tesla Inc. is sticking with its full-year production forecast and promising its new Cybertruck by Nov. 30, even as it reported worse-than-expected earnings last quarter. The Elon Musk-led company said profit, excluding some items, fell to 66 cents a share, […]

August 9, 2023

Musk has made big claims since founding Neuralink in 2016, pitching its technology as both a treatment of conditions such as blindness, and a way to augment humans to compete against artificial intelligence. To start testing if those claims hold […]

July 17, 2023

Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck. Tesla shared the development on Twitter, posting a photo of workers in safety vests and helmets obscuring much of the vehicle. […]

January 20, 2023

Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc. Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker. On Jan. 2, Tesla announced fourth-quarter […]

December 30, 2022

Tesla Inc. is poised Friday to close the worst year in the stock’s history, having lost more than $700 billion in market valuation amid investor concerns about production disruptions, demand worries and Chief Executive Elon Musk‘s focus on Twitter Inc. […]

September 19, 2022

After Elon Musk complained that lithium — the ubiquitous raw material needed in electric vehicle batteries — was trading at insane levels, and China’s authorities in March pushed key industry players to act, prices briefly began to cool. Now, they’re […]

August 29, 2022

Tesla Inc. TSLA -2.70%▼ boss Elon Musk told European energy leaders that the world needs more oil and natural gas and should continue operating nuclear power plants while investing heavily in renewable energy sources. “I think we actually need more […]

August 15, 2022

Tesla’s car production has fared well after it hit over three million EV units. CEO Elon Musk congratulated the Shanghai Gigafactory for making its one-millionth unit despite several issues in the country, including COVID-19 lockdowns. Although it has proven that […]

August 5, 2022

Since its founding in 2004, Tesla recently announced that it has already produced 3 million electric vehicles, as reported first by Electrek. Elon Musk, the CEO of Tesla and SpaceX, said that the company developed its 3 millionth vehicle over […]

July 20, 2022

Tesla Inc. TSLA 2.07%▲ is expected to report its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai assembly plant. Covid-19-related restrictions in China and ongoing supply-chain disruptions […]

June 30, 2022

Federal authorities gave SpaceX permission to link a range of vehicles to its satellite-internet service, a win for the company as it seeks to broaden its customer base. The Federal Communications Commission on Thursday allowed the Elon Musk-led company to […]

June 21, 2022

After two former Tesla employees filed a lawsuit alleging that the auto company had violated US labor regulations by allegedly conducting mass layoffs, Elon Musk explained on Tuesday, June 21, how many company workers would only lose their jobs. Tesla’s […]

June 17, 2022

SpaceX fired several employees involved in a letter that criticized Chief Executive Elon Musk and the way the company applies internal rules, according to an email to staff from SpaceX’s president and people familiar with it. Gwynne Shotwell, SpaceX’s president, […]

June 10, 2022

Tesla Inc. has canceled three of its recruitment live-stream events for China scheduled for June, days after Chief Executive Elon Musk warned that the company was about to cut jobs. The electric-auto maker had advertised online events for June 16, […]

June 9, 2022

According to a petition filed on Wednesday with California’s Office of Administrative Law, Tesla has alleged the California Department of Fair Employment and Housing (DFEH) neglected to complete adequate investigations before suing the company for racial discrimination at its assembly […]

June 3, 2022

In an email to executives seen by Reuters, Tesla’s CEO Elon Musk said that he has a “super bad feeling” about the economy and that he wanted to reduce the company’s workforce by about 10%. Pessimistic Outlook The warning came […]

May 31, 2022

Tesla Inc. TSLA +0.31% might drive away from India, and the country has only itself to blame. On Friday, Tesla Chief Executive Elon Musk tweeted that his company wouldn’t put a manufacturing plant anywhere it isn’t first allowed to sell […]

April 27, 2022

SpaceX blasted four astronauts toward the International Space Station early Wednesday morning in a mission that comes as billionaire founder Elon Musk prepares to add Twitter Inc. to the roster of companies he runs. A Space Exploration Technologies Corp. Falcon […]

April 8, 2022

Private astronauts are slated to fly on one of Elon Musk’s rockets to the International Space Station on Friday as space companies continue to test demand for commercial missions to orbit. Axiom Space Inc., a Houston company led by a […]