Laid off Tesla worker plans to live in his car
Tesla has laid off about 10% of its workers recently. Now, one of those who laid off says he plans to live in his Tesla now.
Tesla has laid off about 10% of its workers recently. Now, one of those who laid off says he plans to live in his Tesla now.
Robotaxis, low-cost cars, and the Cybertruck aren't stopping Tesla from pushing ahead with its new semitruck, which is set to reach customers by 2026.
Tesla appears to have followed up its recent layoffs with a company-wide hiring freeze. Only three positions remain open out of more than 3,000.
Tesla has begun laying off more people, starting with two senior executives, with plans for hundreds more. CEO Elon Musk says the company has to get “absolutely hard core about headcount.”
In a tweet on X early Friday morning, Musk addressed concerns many have had over his recent move to shrink down Tesla’s Supercharger team.
Welp, Tesla earnings happened this week — and yeah that was a lot. The stakes this time around remind me of Tesla's pre-profit era circa 2018. Now, to be clear, Tesla has enjoyed profitability since 2020.
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and "several unforeseen challenges" cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Tesla reported operating income of $1.2 billion in the first quarter, a 54% decrease from the same year-ago period.
Tesla's been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of "pressure" on EV sales. The new and accelerated plan now includes "more affordable models" that the company claims will be launched next year. Or if Tesla CEO Elon Musk is to be believed -- and that's a big bet considering his track record with timelines -- possibly as early as the end of 2024.
Tesla has gutted its charging team in a new round of layoffs, despite recently winning over major automakers like Ford and General Motors and making its connector the de facto standard in North America. Tesla's Supercharger network has long been seen as one of its greatest competitive advantages. It's widely available, has far better uptime than other charging networks and the connector technology -- known as the North American Charging Standard, or NACS -- is now being adopted by essentially every major automaker with a presence in North America.
Tesla has officially revealed a new Performance variant of the recently refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model 3, which starts at $52,990, has a new active damping system and adaptive suspension for better handling and comfort, 296 miles of battery range and can travel from 0 to 60 miles per hour in 2.9 seconds with 510 horsepower on offer. Compared to the previous Model 3 Performance, the new version has 32% more peak power and 16% more peak torque, and 5% less drag.
CarGurus data showed that all Tesla models saw deep double-digit declines in used pricing since 2023.
Silo, a Bay Area food supply chain startup, has hit a rough patch. Silo has confirmed the headcount reductions, clarifying the cuts were across the board and not focused on individual departments. At the same time, Silo remains dedicated to serving our customers and the perishables industry at large, and will continue to focus more nimbly on building next-generation supply chain management software solutions.
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A 2003 Chevrolet Tracker, formerly known as the Geo Tracker and sibling to the Suzuki Vitara, found in a North Carolina self-service junkyard.
Also in the mix: the brand's popular (and nurse-approved!) Ultraboost shoes, plus leggings, sports bras, jackets and more.
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After a splashy New York City debut only one year ago, Volkswagen is reversing course and now says its ID.7 EV sedan isn’t coming to North America — at least for now.
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Disney is laying off around 175 employees as it scales back on original shows and movies for Disney+.