Tag: Tesla

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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Tesla Enters Model 3 Into Serious Hacking Contest Pwn2Own

Pwn2Own is a serious hacking competition that takes place every year. Security researchers from across the globe compete to crack browsers, enterprise applications, virtualization software, server-side software, and now automobiles in exchange for rewards. Tesla has entered the Model 3 into the contest to ensure that it remains safe from a cybersecurity point of view. […]

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Nvidia CEO Jensen Huang unplugged — The blockchain bubble and car autopilots

Sitting in a press Q&A with Jensen Huang, the CEO of Nvidia, is like listening to a comedy routine. I appreciate that because so few tech CEOs are willing to engage in a dialogue and crack jokes with the media. Huang’s sessions are unique because he’s one of those billionaires who doesn’t muzzle himself in […]

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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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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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QOTD: Best Wishes for Future Success?

It’s that special holiday time of year again. For a few short weeks, people go out of their way to be nice to others, and to wish one another the best in the upcoming new year. While the niceness still abounds, we want to know which car manufacturer receives your well-wishes for the future. It’s […]

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Late Delivery? Tesla Says It’ll Cover Your Tax Credit Shortfall

Having rung the bell on 200,000 electric vehicle deliveries in the U.S., Tesla will enter 2019 without the ability to offer a full $7,500 federal tax credit to would-be buyers. While not nearly as attractive an incentive as the same amount applied to a lower-priced EV, it’s still free public dollars. And it’s better than […]

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