Tesla laying off 3,300 employees in CA
- Oops!Something went wrong.Please try again later.
Earlier this month, CEO Elon Musk announced Tesla will slash its workforce by 10%.
Earlier this month, CEO Elon Musk announced Tesla will slash its workforce by 10%.
Out comes Tesla CEO Musk from the factory floor to one of more glitzy conferences of the year.
Welcome, folks, to Week in Review (WiR), TechCrunch's regular newsletter that recaps the week that was in tech. A total of 200 people were let go across Google’s “Core” teams, which included those working on app platforms and other engineering roles. Elsewhere, Tesla CEO Elon Musk gutted the company's team responsible for overseeing its Supercharger network in a new round of layoffs -- despite recently winning over major automakers like Ford and General Motors.
Elon Musk’s decision to dismiss much of Tesla’s Supercharger team this week came as a shock. A look at possible reasons why he did it.
Tesla (TSLA) stock soared on Monday following reports that CEO Elon Musk won Chinese approval to deploy the automaker’s Full Self-Driving (FSD) autonomous software on the mainland.
Tesla fired two key executives and trimmed hundreds of staff, gutting its Supercharger program, a leaked email shows.
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.
Elon Musk announced that X would start cracking down on engagement farming. Here's what it means for the app.
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more moves to go “balls to the wall for autonomy.” Tesla is expected to report earnings after markets close Tuesday. Tesla shares rose Tuesday morning more than 2% ahead earnings, a brief rosy sign amid an otherwise downward trend that's accelerated since early March.
Tesla has ended discounts on inventory across its electric vehicle lineup -- even as sales for EVs have flagged -- as part of a larger and vague plan by CEO Elon Musk to "streamline the whole Tesla sales and delivery system." "It has become complex and inefficient," Musk wrote in a post on X, the social media company he owns, in response to another user's comment. Musk's announcement on X comes a day after thousands of Tesla employees lost their jobs.
Since then, Tesla ads have showed up in places like Google search results and on YouTube. Tesla also paid X around $50,000 in 2023 and $30,000 through February 2024 for "commercial, consulting and support agreements."
According to an internal memo seen by Reuters, Tesla is about to lay off more than 10 percent of its workforce.
Tesla will lay off more than 10% of its global workforce, an internal memo shows, as it grapples with falling sales and an intensifying price war for electric vehicles.
Tesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition.
Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering.
Tesla (TSLA) stock closed up nearly 5% on Monday as investors bought into CEO Elon Musk’s latest proclamation that Tesla would debut its long-awaited robotaxi on Aug. 8.
TechCrunch Mobility is moving to Thursdays! Sign up here for free — just click TechCrunch Mobility! EV startup Fisker laid off more employees to "preserve cash" as bankruptcy inches ever closer; ride-hailing company Ola cut about 180 jobs and ousted its chief executive, Hemant Bakshi, merely four months after appointing him to the post; and lidar company Luminar slashed its 700-person workforce by 20% as part of a restructuring to adopt an "asset light" business model.
Last November, Adam D'Angelo found himself at the epicenter of one of the biggest controversies in the tech industry. The board of OpenAI — the $80 billion startup leading the AI bandwagon — had abruptly booted its CEO, Sam Altman, only to reinstate him just days later. D'Angelo was on the board that dismissed Altman... and he was (and remains) on the board that brought him back in.
Also on our cheat sheet: Spring savings from Ninja, Coach, Lego and more.
These are today's mortgage rates. Although rates seem high, they are over 50 basis points lower than they were six months ago. Lock in your rate today.
Founders at the early stages of building their startups may have already created a strong solution, identified a gap in the market, or may simply have an inescapable and driving motivation to build their own business. The investors at Sequoia, one of the world's biggest venture capital firms, have come up with a very handy framework to answer those two questions. "Hair on Fire" roughly means that your startup addresses an urgent problem.