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Rumours
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
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 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
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
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 "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
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 "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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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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