[ad_1] Tesla CEO Elon Musk has fired two senior executives and intends to cut hundreds more jobs due to his dissatisfaction with declining sales and the speed of workforce reductions, a report by Reuters quoting The Information says. The report by The Information cites an email from Musk to senior managers. The report states that…
[ad_1] Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.In the past five days, the world’s third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index. That’s his largest weekly gain since March 2022, just before he agreed to buy Twitter Inc….
[ad_1] Tesla shares jumped as much as 18% on Monday after CEO Elon Musk met with a top Chinese government leader on Sunday in Beijing and reportedly received backing to roll out its advanced driver-assistance in the country. Shares of Tesla jumped $25.66, or 15%, to $193.95 in afternoon trading after touching an intraday high…
[ad_1] Elon Musk-led Tesla has overcome significant regulatory obstacles that have long prevented it from introducing its self-driving software in China, setting the stage for a positive outcome from Elon Musk‘s unexpected trip to the U.S. automaker’s second-largest market. According to an individual familiar with the situation, Musk, Tesla’s CEO, arrived in Beijing on Sunday…
[ad_1] BEIJING: On a surprise visit to Beijing amid speculation that he may unveil Tesla‘s autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile.Li told Musk that China’s huge market will always be open…
[ad_1] NEW DELHI: Tesla CEO Elon Musk on Sunday met with Chinese official Premier Li Qiang in Beijing, who promised that the country would “always” be open to foreign firms. The billionaire reached China earlier on the same day for his second visit in less than a year to the largest market of electric cars…
[ad_1] SHANGHAI: Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker’s second-biggest market, according to two people with knowledge of the matter. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD)…
[ad_1] Detroit — The government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road. The National Highway Traffic Safety Administration says in documents posted on its website Friday that it has concerns about the December recall of more than…
[ad_1] Elon Musk-led Tesla announced on Tuesday that it will utilize its current factories to produce new and more affordable vehicles, potentially starting as early as the end of this year. This decision makes investments in new factories in Mexico and India unlikely in the near future, states a Reuters report.The company, which is the…
[ad_1] NEW DELHI: Tesla has reduced the prices of its EVs in several key markets, including China and Germany, amid declining sales and growing competition. Earlier, it slashed its prices in the Unites States. Recently, the EV maker announced that its worldwide shipments decreased in the initial quarter, first in almost four years. The automaker…
