Abrupt layoffs at Austin-based Tesla left employees in Texas and elsewhere processing the mass shedding of 10 percent of the EV maker’s staff. After some received early morning notices of their termination or learned they’d been laid off while trying to badge into the factory,
Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla "demonstrated strong alignment" with the interests of investors at the electric carmaker. The comments from
A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in jeopardy should Elon Musk abandon the long-held bid to bring a low-cost vehicle to the masses.
Some laid-off Tesla workers received new severance offers that included more money and longer coverage of benefits on Thursday night. It continues a tumultuous week for Tesla workers, some of whom missed the layoff email before heading to work on Monday and only realized they were out of a job after a badge scan from security.
CEO Elon Musk reportedly emailed workers about a severance package issue on Wednesday, saying it had "come to my attention" that some were "incorrectly low."
Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said.
By framing the June vote as a reward for past deeds, Tesla's board could end up making itself liable to a new legal challenge—this time against corporate waste.
Consider Elon Musk-- a world-changing entrepreneur with a blend of great successes and notable failures. For instance, he took over as Tesla CEO in 2008 and turned the electric vehicle maker into the world's most valuable automobile company.
The struggling EV carmaker is urging shareholders to vote again for the payout, which would be the largest ever awarded in corporate history, after a Delaware court nullified it in January. With Tesla stocks trading at their lowest in almost a year,
Tesla, the electric car company owned by Elon Musk, has recalled thousands of its new Cybertrucks over safety concerns. It is because their accelerator pedals currently risk getting trapped by the interior trim,
The moment of truth has now arrived for Elon Musk and Tesla…as many long-time Tesla believers are giving up” declared even one of the most optimistic analysts covering Tesla.
Tesla stock fell for a sixth consecutive day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter.
Tesla shares slumped in trading April 18, dragging the stock to the lowest levels in more than a year, as analysts continue to reprice the EV maker amid a slump in global demand and narrowing profit margins.
Elon Musk has apologized to some Tesla employees who received “incorrectly low” severance packages due to a mistake in the company’s recent layoffs. In a brief email leaked to media outlets, Musk acknowledged the error and assured that the company was working to remedy it.
He may be best known as the founder of SpaceX, the CEO of Tesla and the man who turned Twitter into X, but Elon Musk is famous for his private life, too.
Elon Musk's Tesla (NASDAQ:TSLA) has cut prices in the U.S. by $2K across its Model Y, S and X cars, just over two weeks after the electric vehicle giant significantly missed expectations on Q1 deliveries.
Tesla CEO Elon Musk issued a rare apology to ex-workers on Thursday. Read more: Tesla stock just hit a new 52-week low after analysts said investors may start ‘tossing in the towel’ Tesla CEO Elon Musk said some severance packages sent to some of the more than 14,
CEO Elon Musk is due to arrive in India next week for a visit that is expected to include a meeting with Prime Minister Narendra Modi and confirmation that Tesla
Meta's open-source AI model, Llama 3, earns praise from Elon Musk and experts, signaling a shift in the tech landscape. Learn how this powerful tool is heating up the AI rivalry and shaping the future of social media.