Tesla recalls Cybertrucks after layoffs
Tesla Cybertrucks are under a federal safety recall, this after Tesla announced Sunday that it would be cutting its workforce by 10 percent.
Tesla Cybertrucks are under a federal safety recall, this after Tesla announced Sunday that it would be cutting its workforce by 10 percent.
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 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.
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."
Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering.
U.S. scientists have tested everything from milk to sour cream and ground beef for bird flu amid an outbreak among dairy cattle.
The college sports industry is moving closer an athlete compensation system. At this point, it seems inevitable.
Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. Rivian announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds, which will be used to expand the automaker's existing factory in Normal, Illinois, build out supporting infrastructure and boost job training programs for its workforce. The funding announcement comes just two months after Rivian unveiled the mid-size R2 SUV, which is supposed to start at around $45,000 when it goes on sale in 2026.
Ever wonder how your savings stacks up against others? Here’s a breakdown of the average American’s savings balance by age.
Sepsis is a life-threatening infection and is considered a major cause of maternal death.
After a strong winter for the US labor market, economists expect hiring to have slowed in April.
Jones suffered a spinal fracture in a crash at Talladega.
The rate of the popular 30-year fixed mortgage hit 7.22% this week, causing some buyers to turn to adjustable-rate loans.
Dreamy '70s elegance is having a moment. These caftans are the ideal dresses for soaking up the sun.
Peloton, the exercise equipment maker and online fitness course provider, said it is laying off 15% of its workforce (about 400 people) as part of cost-cutting measures. The company also said its CEO, president, and board director, Barry McCarthy, would step down after two years in the role. McCarthy, who was previously CFO at Spotify and Netflix, was coerced out of retirement in early 2022 when Peloton's co-founder and then-CEO, John Foley, left the role alongside a major cost-cutting effort that saw 2,800 employees laid off.
Already cranking up the air conditioner? Stay warm and cozy in these wide-waistband classics.
Walgreens is ramping up its clinical trial offerings with Big Pharma players.
These are today's mortgage rates. The Fed opted not to cut the federal funds rate yesterday, so high rates are here to stay. Lock in your rate today.
As interest rate cuts get pushed into the future, investors fear potential rate hikes. Fed Chair Jerome Powell, however, appears not to share these worries.
Crunchyroll, like many other streaming services recently, is raising its subscription prices
TikTok and Universal Music Group have signed a deal that will allow Taylor Swift, Olivia Rodrigo, The Weeknd and other artists to return to the platform.