By Aditi Shah, Aditya Kalra and Sarita Chaganti Singh NEW DELHI (Reuters) -Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi on Monday and announce plans to enter the South Asian market, four people familiar with the matter said on Saturday. Reuters could not […]
Tesla (TSLA) used to be a magnificent S&P 500 stock every investor wanted to own — now it’s a liability. Deleting Tesla from your portfolio, though, is possible. X Talk about a short circuit. Shares of the electric-car company managed by billionaire Elon Musk are down more than 37% just this year. That makes it […]
Mass Effect The electric carmaker Tesla is laying off more than ten percent of its global workforce, multiple outlets report. Per Electrek, the mass firings were confirmed in a leaked internal memo to staffers from company CEO Elon Musk, who wrote that “we have done a thorough review of the organization and made the difficult […]
(Bloomberg) — Shockingly low quarterly sales figures from Tesla Inc. this week are raising a fundamental question for investors: If the days of breakneck growth are over, what are the shares of Elon Musk’s company really worth? Most Read from Bloomberg The concerns are valid. The number of cars Tesla sold in the first quarter […]
Tesla stock fell as much as 6% on Friday, some $32 billion, after Reuters reported that Elon Musk’s EV maker was shelving a yearslong plan to produce an affordable electric car. Citing three anonymous insiders and internal company messages, the outlet reported that Tesla was abandoning production of a planned $25,000 EV and focusing on […]
(Bloomberg) — As Tesla Inc. grapples with a global slowdown in EV demand that contributed to its largest-ever quarterly sales miss, Elon Musk’s carmaker is also steadily losing ground in China — the world’s biggest automotive market. Most Read from Bloomberg Confronted with unprecedented local competition amid weakened consumer sentiment in Asia’s largest economy, Tesla’s […]
Tesla has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford. The company is moving to what it calls an “unboxed” approach, which is more like building Legos than a traditional production line. Instead of a […]
Germany’s powerful IG Metall trade union has failed to increase its influence at Tesla’s German factory outside Berlin, the company said late on Wednesday following works council elections this week. Works councils play an important role in German firms, representing the interests of employees by ensuring that laws and collective agreements are observed, that there […]
Germany’s powerful IG Metall trade union has failed to increase its influence at Tesla’s German factory outside Berlin, the company said late on Wednesday following works council elections this week. Works councils play an important role in German firms, representing the interests of employees by ensuring that laws and collective agreements are observed, that there […]
India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a move that could potentially bolster Tesla’s plans to enter the South Asian market. Companies must invest a minimum of $500 million in the country and will […]
Ross Gerber said he’s ditching his Tesla over Elon Musk’s antisemitic posts.Leon Neal/Getty Images and Emma McIntyre/Getty Images Tesla’s flagging stock price can rebound if CEO Elon Musk changes his behavior or is replaced, veteran investor Ross Gerber told Yahoo Finance. Musk’s behavior on X, formerly Twitter, has turned him into the “devil of advertising,” […]
The thinking was strategically sound: Lower your prices to make your products more competitive in an increasingly crowded market. Sometimes as a business, you just do what you have to do. Tesla‘s (NASDAQ: TSLA) early 2023 decision to trim the sticker prices on its electric vehicles, however, has clearly had its consequences. As could have […]