Tag: Elon Musk

Tesla Slashes Workforce, Kills Referral Program in Ongoing Search for Cash

The automaker may have worked out production bugs and finally turned a profit late last year, but 2019 is off to a rocky start for Tesla. In an email to employees Friday, CEO Elon Musk said he’ll thin the company’s full-time ranks by 7 percent, warning of a “very difficult” road ahead. The news comes […]

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Tesla will cut 7% of employees while ramping up Model 3 production

Tesla founder Elon Musk today announced that the company will cut 7 percent of full-time employees even as it comes under pressure to dramatically increase production of its Model 3. In a letter to employees, Musk said that despite progress over the past year, Tesla’s cars remain too expensive for many potential customers. “We face […]

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Elon as Rescuer? Not for GM Workers, Barra Says

Shortly after General Motors announced its decision to end assembly work at two car-producing U.S. plants, Tesla CEO Elon Musk floated the possibility of a Silicon Valley rescue of either Detroit-Hamtramck or Lordstown Assembly. Talks between GM and Tesla did occur, it turns out, but GM CEO Mary Barra doesn’t seem to think much of […]

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Carrot & Stick: Days After Cutting Prices, Tesla Chops Base Models

There will be no Ace of Base prizes for the Tesla Model X or Model S in 2019. Just days after promising to cut prices of all its cars by $2,000 in response to the company blowing through its federal tax credits faster than a record producer with a bag of high-test cocaine, the company’s […]

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Grimes And Azaelia Banks Might Get Involved In The Lawsuit Over Elon Musk’s Joke ‘420’ Tweet

Getty Image Last August, Elon Musk made a joke on Twitter, writing, “Am considering taking Tesla private at $420. Funding secured.” 420, of course, is a number that has significance in cannabis culture, and while Musk presumably thought his tweet was just silly and inconsequential, that hasn’t turned out to be true. Musk is being […]

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Tesla Board Gains Two Watchdogs As Musk Seeks a Way Out of His Cave Mess

Tesla’s nine-member board now numbers eleven, with many shareholders hoping that the addition of two independent directors — a key directive of Tesla’s SEC settlement — helps keep a lid on CEO Elon Musk’s stock-rocking shenanigans. Whether or not the two new members can actually do this remains to be seen. Musk continued antagonizing the […]

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elon musk unveils first boring company tunnel underneath spaceX HQ

elon musk has officially opened the highly anticipated first boring company test tunnel under spaceX headquarters in southern california. in a presentation on tuesday (dec 18) musk, showed off the 1.4-mile (2.3 kilometer) long, 14-foot (4.3-meter) wide test tunnel winds its way underneath hawthorne and is estimated to have cost $10 million.  Tesla in @boringcompany tunnel […]

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Elon Musk unveils Boring Company’s first underground transit tunnel

(Reuters) — Billionaire entrepreneur Elon Musk made a brief public appearance late on Tuesday to unveil the first tunnel completed by the underground transit venture he launched two years ago as an ambitious remedy to Los Angeles’ infamously heavy traffic. But contrary to some of his own hype from several months ago, free rides were […]

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RydeMyPony founder delivers last startup pitch you‘ll ever need: ‘Why 2018 was a product fail’

Berlin-based Christoph Sollich is known as “The Pitch Doctor” for his work helping entrepreneurs tell their company’s story. But part of his method involves delivering his own pitches that satirize the format of the startup pitch. I got a chance to see him this year at the Bits & Pretzels Conference in Munich, Germany. His main […]

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elon musk to reveal ‘fully road legal autonomous transport cars’ this month

elon musk has announced that the boring company ‘product launch’ is has been delayed until december 18. musk also revealed that in addition to the tunnel the company will showcase its autonomous transport cars and ‘ground to car’ elevators. images courtesy of the boring company the company‘s first full system demonstration will be a short new […]

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Tesla Could Be Building Cars In China By 2019, According to Shanghai

The city of Shanghai claims Tesla could begin production in China in the second half of 2019, which would be an incredible achievement for the automaker. China is Tesla’s biggest market after the United States and assembling product within its borders would be a good way to avoid the nation’s aggressive tariffs on U.S autos, […]

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Video: Elon Musk Admits Tesla Almost Died Over the Summer

According to Tesla CEO Elon Musk, the automaker was teetering on the edge of disaster earlier this year. “Tesla faced a really severe threat of death due to the Model 3 production ramp,” Musk told Axios during a video interview on HBO. “Essentially the company was bleeding money like crazy and just if we didn’t solve these […]

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