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Waymo Driverless Robotaxis Make 50K Trips a Week: Report
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Waymo Driverless Robotaxis Make 50K Trips a Week: Report

Hailing a Waymo taxi means getting into a car with no driver — and according to new numbers released by the company last week, more and more people are willing to do it. Alphabet-owned Waymo is carrying out over 50,000 paid robotaxi rides per week in three U.S. cities with its all-electric, autonomous fleet, the...

Tesla Laid Off Its 500-Person Supercharger Team Overnight
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Tesla Laid Off Its 500-Person Supercharger Team Overnight

Elon Musk’s decision to lay off the majority of Tesla’s 500-person electric vehicle (EV) charging team, except for a few reassigned employees, has “blindsided” other carmakers who were depending on Tesla’s infrastructure for their new EVs, industry officials and analysts told Reuters on Tuesday. General Motors, Ford, and other automakers who signed deals to power...

Elon Musk: Cheaper Tesla Electric Cars Are Ahead of Schedule
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Elon Musk: Cheaper Tesla Electric Cars Are Ahead of Schedule

Tesla shared its first-quarter financial results with its stockholders on Tuesday and said that it has sped up the launch of new, more affordable electric cars. Tesla reported its biggest revenue decline in 12 years, with a 9% drop from earnings last year. The company made $21.3 billion in Q1 2024, down from $23.3 billion...

Tesla to Shareholders: Approve CEO Musk's Record-High Pay
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Tesla to Shareholders: Approve CEO Musk’s Record-High Pay

Weeks after Tesla reported its first year-over-year delivery drop since 2020, and days after an internal email from CEO Elon Musk confirmed that the company was laying off more than 10% of its workforce, Tesla is asking shareholders to vote yes on Musk’s record-setting, multi-billion-dollar pay package. Tesla filed a proxy statement with the Securities...

Elon Musk Leaked Email Confirms Tesla Layoffs As Execs Exit
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Elon Musk Leaked Email Confirms Tesla Layoffs As Execs Exit

Less than two weeks after Tesla announced its first year-over-year delivery drop since 2020, CEO Elon Musk sent an internal email to staff stating that the company would cut at least 10% of its global workforce. Musk’s memo, sent at close to midnight PST on Sunday in California, explained that “there has been duplication of...