Tesla may be close to unlocking a massive new market. CEO Elon Musk is due to arrive in India next week for a visit that is expected to include a meeting with Prime Minister Narendra Modi and confirmation that Tesla plans to build a factory in the world’s most populous country.
Abrupt layoffs at Austin-based Tesla left employees in Texas and elsewhere processing the mass shedding of 10 percent of the EV maker’s staff. After some received early morning notices of their termination or learned they’d been laid off while trying to badge into the factory,
Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla "demonstrated strong alignment" with the interests of investors at the electric carmaker. The comments from
The struggling EV carmaker is urging shareholders to vote again for the payout, which would be the largest ever awarded in corporate history, after a Delaware court nullified it in January. With Tesla stocks trading at their lowest in almost a year,
Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said.
Elon Musk has postponed his planned trip to India, citing “very heavy” obligations at Tesla. The Tesla CEO was due to arrive in India next week for a visit that was expected to include a meeting with Prime Minister Narendra Modi and confirmation that Tesla will build a factory in the world’s most populous country.
Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.
Tesla stock fell for a sixth consecutive day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter.
Tesla shares slumped in trading April 18, dragging the stock to the lowest levels in more than a year, as analysts continue to reprice the EV maker amid a slump in global demand and narrowing profit margins.
Elon Musk has apologized to some Tesla employees who received “incorrectly low” severance packages due to a mistake in the company’s recent layoffs. In a brief email leaked to media outlets, Musk acknowledged the error and assured that the company was working to remedy it.
A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in jeopardy should Elon Musk abandon the long-held bid to bring a low-cost vehicle to the masses.
Tesla CEO Elon Musk issued a rare apology to ex-workers on Thursday. Read more: Tesla stock just hit a new 52-week low after analysts said investors may start ‘tossing in the towel’ Tesla CEO Elon Musk said some severance packages sent to some of the more than 14,
Tesla chief Elon Musk admitted in an internal email sent Wednesday that some of the staffers affected by the electric automaker’s 10% headcount reduction earlier this week had received “incorrectly low” severance packages.
Teslas CEO Elon Musk teased the near-term rollout of Full Self-Driving in China and announced a delay in his awaited visit to India, attributing it to pressing Tesla commitments. FSD in China: An
The consultation with the automobile industry was to prepare the guidelines for the policy. This was the first such meeting and more are scheduled to take place to prepare the guidelines.
Only a few dozen employees at the Gigafactory 3 in Shanghai were told to leave, representing a tiny portion of the workforce of 20,000 assembling Model 3 and Model Y vehicles, say two people with knowledge of the matter.
Tesla is calling on its shareholders to once again approve Elon Musk’s record-breaking compensation package that was blocked by a judge in January. In 2018, Tesla and Must proposed a compensation package worth $55.