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5 defining moments from Tesla"s Q1 earnings

Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»

Source:  AutonewsCategory: Top2 hr. 36 min. ago Related News

Tesla profits drop 55% as Elon Musk dodges cheap car questions

Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»

Source:  ArstechnicaCategory: TopApr 24th, 2024Related News

Tesla cuts marketing team a year after Elon Musk said it will try advertising

Tesla slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push that CEO Elon Musk greenlighted less than a year ago......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla spends weekend cutting prices of cars and Full Self-Driving software

The company led by Elon Musk slashed the price of the driver assistance software that it calls FSD, or Full Self-Driving, by a third to $8,000 in the U.S. It had been $12,000......»»

Source:  AutonewsCategory: TopApr 21st, 2024Related News

Tesla"s full self-driving feature may launch in China "very soon," Musk says

The EV maker rolled out FSD four years ago but has yet to make it available in China despite customers urging it to do so......»»

Source:  AutonewsCategory: TopApr 21st, 2024Related News

Elon Musk apologizes after Tesla layoffs for miscalculated severance

Tesla's CEO, who is facing lawsuits over severance from former Twitter employees, admitted that payouts to some workers being laid off were too low......»»

Source:  AutonewsCategory: TopApr 19th, 2024Related News

Elon Musk’s Grok keeps making up fake news based on X users’ jokes

X likely hopes to avoid liability with disclaimer that Grok "can make mistakes." Enlarge (credit: SOPA Images / Contributor | LightRocket) X's chatbot Grok is supposed to be an AI engine crunching the platform's posts to.....»»

Source:  ArstechnicaCategory: TopApr 18th, 2024Related News

Musk apologizes for "incorrectly low" Tesla severance packages

Tesla has announced it will slash its global headcount by more than 10 percent as the automaker struggles with slowing demand for electric vehicles......»»

Source:  AutonewsCategory: TopApr 18th, 2024Related News

Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay

Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas. Enlarge / Tesla CEO Elon Musk at an opening event for Tesla's Gigafactory on March 22, 2022, in Gruenheide, southeast of Berlin. (credit: Getty Images |.....»»

Source:  ArstechnicaCategory: TopApr 17th, 2024Related News

Tesla asks investors to approve Musk’s $56 billion pay again

Tesla asks investors to approve Musk’s $56 billion pay again; it's the same compensation package that was voided by a Delaware court early this year......»»

Source:  AutonewsCategory: TopApr 17th, 2024Related News

5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings

"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»

Source:  AutonewsCategory: TopApr 17th, 2024Related News

So much for free speech on X; Musk confirms new users must soon pay to post

The fee, likely $1, is aimed at stopping “relentless” bots, Musk said. Enlarge (credit: Axelle/Bauer-Griffin / Contributor | FilmMagic) Elon Musk confirmed Monday that X (formerly Twitter) plans to start charging new.....»»

Source:  ArstechnicaCategory: TopApr 16th, 2024Related News

X wants to charge new users a fee to make new posts

It looks like new users to X will have to pay a small fee if they want to post and interact with posts from other users. The post X wants to charge new users a fee to make new posts appeared first on Phandroid. When Elon Musk initially ann.....»»

Source:  PhandroidCategory: AsiaApr 16th, 2024Related News

Elon Musk confirms intentions to charge new X users a temporary fee to let them post

A report last year revealed that Elon Musk had plans to introduce a new charge for users who have just registered on X (formerly Twitter) on the grounds that this would be the only way to make the platform free of bots. Now Musk himself has confirmed.....»»

Source:  TheglobeandmailCategory: TopApr 16th, 2024Related News

Audio deepfakes: What they are, and the risks they present

Audio deepfakes are becoming a big problem. Recent cybercriminal campaigns use voice cloning technology to replicate the speech tone and patterns of celebrities such as Elon Musk, Mr. Beast Tiger Woods, and others and use them for endorsing fake cont.....»»

Source:  NetsecurityCategory: SecurityApr 16th, 2024Related News

Tesla plans to cut more than 10% of global workforce; two execs quit, reports say

Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews......»»

Source:  AutonewsCategory: TopApr 15th, 2024Related News

Tesla to lay off more than 10 percent of its workers as sales slow

"Cost reductions and increased productivity" needed, says Musk. Enlarge / Tesla's Shanghai factory in 2023. (credit: VCG/VCG via Getty Images) Times are starting to get tough for Tesla. The electric vehicle automaker ha.....»»

Source:  ArstechnicaCategory: TopApr 15th, 2024Related News

Tesla plans to cut more than 10% of global workforce, reports say

Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews......»»

Source:  AutonewsCategory: TopApr 15th, 2024Related News