Factory workers on the Cybertruck line at Tesla’s Austin plant were reportedly told to take three days off this week starting Tuesday, according to a memo first viewed by Business Insider. “On Tuesday, Wednesday, and Thursday this week (Dec. 3-5), you do not need to report to work,” the memo said. Related: Elon Musk Warns...
Tesla shares have surged by about 35% since Donald Trump’s presidential win, bolstered by Trump’s ties to Tesla CEO Elon Musk. Since the election, Tesla has added close to $250 billion to its value, pushing its market cap to over $1 trillion for the first time since 2022. Tesla is now worth more than Toyota,...
Tesla reported strong third-quarter earnings on Wednesday, surprising Wall Street. The company announced that it had produced 469,796 electric vehicles and delivered 462,890, with the Model 3 and Model Y making up about 95% of deliveries. In Q3 2024, total revenue was up 8% year-over-year, hitting $25.18 billion, while operating expenses were down 6%, reaching...
Tesla is known for its Full Self-Driving (Supervised) feature, which packs automatic parking, lane changes and steering on city roads into an $8,000 upgrade for buyers. Though FSD is popular, new records filed on Friday morning show that a federal agency is concerned about the system’s safety. The National Highway Traffic Safety Administration (NHTSA) opened...
Tesla’s “We, Robot” event Thursday night showed that Elon Musk is steering the electric car maker towards a self-driving future — one without steering wheels. Musk arrived at the event, held at Warner Bros. studio in Burbank, California, in a “Cybercab,” a self-driving car without the standard controls: no pedals, plug to charge, or steering...
Tesla’s sales numbers have been down for the first two quarters of this year, but its most recent earnings report shows that numbers are up, indicating increased demand overall in the industry. Tesla reported on Wednesday that it produced 469,796 electric cars overall, including its popular Model 3 and Model Y, and delivered 462,890 cars...
When Elon Musk’s “The Secret Tesla Motors Master Plan (just between you and me)” came out in August 2006, it was praised as a “success story” that outlined Tesla’s goals to build an electric sports car, then more affordable electric vehicles (EVs). Now the master plan, and its July 2016 follow-up “Master Plan Part Deux,”...
Elon Musk says that Tesla now has jobs open — three months after informing Tesla staff about layoffs affecting tens of thousands of people. A new analysis breaks down what these jobs are and where they’re located. On Monday, Musk posted on X that Tesla and xAI, his AI startup taking on ChatGPT, were looking...
Nvidia has gained over 3,000% in the past five years alone — but the high returns of the AI chip maker and other tech giants in the Magnificent Seven (Nvidia, Amazon, Apple, Meta, Microsoft, Google, and Tesla), are not without their risks, warns an industry expert. In a “Smart Investing” video interview published on Wednesday,...
The legal team that argued against Tesla CEO Elon Musk’s record-high pay package now wants to get paid — a record-setting $7.3 billion in legal fees. There were 37 lawyers, associates, and paralegals helping represent Richard Tornetta, the Tesla shareholder who sued the EV maker over Musk’s proposed $56 billion pay. Tornetta won in Delaware...