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Rumours Tesla closes San Mateo office, lays off 200 from Autopilot team

Tesla closes San Mateo office, lays off 200 from Autopilot team

Most employees were reportedly data annotation specialists, all of which are hourly positions.
By Brian Potter 1m ago
Industry Tesla may lack the space for Musk's return to office demands

Tesla may lack the space for Musk's return to office demands

Employees have reportedly shared that parking is limited, the Wi-Fi is slow, and there's a lack of desk space.
By Brian Potter 29 June 2022
Corporate / Financial Polestar goes public on Nasdaq via SPAC merger, raises $890 million

Polestar goes public on Nasdaq via SPAC merger, raises $890 million

Polestar shares closed at $13 on June 24, the stock's first day of trading; the EV maker trades under the ticker PSNY.
By Brian Potter 27 June 2022
Corporate / Financial Tesla cutting 10 percent of salaried workers over next three months

Tesla cutting 10 percent of salaried workers over next three months

Some former employees have filed a lawsuit claiming the automaker violated federal law with layoffs that already took place.
By Brian Potter 22 June 2022
Industry Toyota tops list of corporate donors to anti-LGBTQ+ politicians

Toyota tops list of corporate donors to anti-LGBTQ+ politicians

General Motors was also mentioned in the report.
By Clint Simone 19 June 2022
03:01 Corporate / Financial Crypto investor sues Musk for $258 billion over Dogecoin

Crypto investor sues Musk for $258 billion over Dogecoin "pyramid scheme"

The plaintiff claims Musk operated and manipulated "the Dogecoin Pyramid Scheme for profit, exposure and amusement."
By Brian Potter 18 June 2022
Corporate / Financial Sony Honda Mobility Company announced, first EVs on sale in 2025

Sony Honda Mobility Company announced, first EVs on sale in 2025

It represents a 50/50 joint venture between the two companies.
By Brian Potter 16 June 2022
1:03:06 Corporate / Financial Elon Musk says Lucid and Rivian are

Elon Musk says Lucid and Rivian are "tracking toward bankruptcy"

Unless they manage to cut their costs dramatically, Lucid and Rivian will both go bankrupt, Tesla's CEO believes.
By Brian Potter 16 June 2022
Corporate / Financial Elon Musk sends companywide email praising Tesla employees

Elon Musk sends companywide email praising Tesla employees

And with the kind of numbers posted by Tesla consistently over the last few years, they really deserve it.
By Brian Potter 15 June 2022
Corporate / Financial Tesla will ask shareholders to vote on 3-for-1 stock split

Tesla will ask shareholders to vote on 3-for-1 stock split

The proposed stock split means that shareholders who own one Tesla share will get two more, all worth the same as the original share.
By Brian Potter 13 June 2022
Corporate / Financial Elon Musk threatens to pull out of Twitter deal amid bots dispute

Elon Musk threatens to pull out of Twitter deal amid bots dispute

Tesla's CEO says the lack of information on bots is a "clear material breach of Twitter's obligations under the merger agreement."
By Brian Potter 08 June 2022
Corporate / Financial Honda, Sony could form standalone company for joint EV venture

Honda, Sony could form standalone company for joint EV venture

Honda will be building the first vehicle on a platform created by Sony.
By Brian Potter 08 June 2022
Corporate / Financial Rimac raised €500 million in Series D funding

Rimac raised €500 million in Series D funding

Porsche participated in the latest round to maintain its roughly 20% share in the company.
By Brian Potter 07 June 2022
Corporate / Financial Tesla's Elon Musk may pause hires, 10% staff cut, economic uncertainty

Tesla's Elon Musk may pause hires, 10% staff cut, economic uncertainty

The CEO has been talking about inflation, and now he admits he has a "super bad feeling" about the economy.
By Brian Potter 04 June 2022
Corporate / Financial Elon Musk is apparently done allowing Tesla execs to work remotely

Elon Musk is apparently done allowing Tesla execs to work remotely

Musk went so far as to say that Tesla's executives must be in the office "a minimum" of 40 hours per week.
By Brian Potter 02 June 2022
Corporate / Financial Twitter investors sue Elon Musk for manipulating stock

Twitter investors sue Elon Musk for manipulating stock

Musk's manipulation may have saved him millions, and his failure to disclose share purchases is under investigation by the SEC.
By Steven Loveday 29 May 2022
Corporate / Financial Record 2021 revenues bump Tesla up 35 places on the Fortune 500 list

Record 2021 revenues bump Tesla up 35 places on the Fortune 500 list

It has jumped from spot 100 to 65 after its profits went up more than 600 percent last year.
By Brian Potter 27 May 2022
Industry VW's Scout brand announcement has dealerships wanting answers

VW's Scout brand announcement has dealerships wanting answers

Who and how is going to sell the new products?
By Brian Potter 26 May 2022
Government FCA will plead guilty in emissions fraud probe, pay $300m fine - report

FCA will plead guilty in emissions fraud probe, pay $300m fine - report

The multi-year investigation focused on Ram trucks and Jeep SUVs with diesel engines.
By Brian Potter 26 May 2022
Corporate / Financial

"There will be blood" - Elon Musk announces litigation department amidst allegations

Tesla's CEO wants his firm to lawyer up.
By Brian Potter 23 May 2022
Industry Renault sells controlling stake in AvtoVAZ, Russia to resurrect Moskvitch brand

Renault sells controlling stake in AvtoVAZ, Russia to resurrect Moskvitch brand

A Soviet-era marque could return as an EV maker.
By Brian Potter 17 May 2022
Corporate / Financial Elon Musk hits pause on Twitter deal citing fake account concerns

Elon Musk hits pause on Twitter deal citing fake account concerns

The $44-billion buyout now possibly in jeopardy after reports that under 5 percent of all accounts on the platform are fake.
By Brian Potter 16 May 2022
Corporate / Financial BMW estimates 25 percent of sales will be made online by 2025

BMW estimates 25 percent of sales will be made online by 2025

Adobe is helping the automaker with data management.
By Brian Potter 10 May 2022
Corporate / Financial Rivian stock tumbles on news that Ford is selling 8 million shares

Rivian stock tumbles on news that Ford is selling 8 million shares

An unknown seller is also selling a Rivian share block between 13 million and 15 million.
By Brian Potter 10 May 2022
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