Tesla is cutting 10% of its salaried employees CEO Elon Musk wrote in an email to all employees there on Friday. Go to Source
Author: CNBC Online news
Tesla shares dip more than 9% on Elon Musk’s plans to cut workforce
Tesla shares dip on hiring freeze, Elon Musk’s ‘super bad feeling’ about the economy Go to Source
Tesla monitored its employees on Facebook with help of PR firm during 2017 union push
Records show that Tesla paid MWW PR to monitor workers online in 2017, including in a Tesla employee Facebook group. They paid special attention to organizers. Go to Source
Cruise gets green light for commercial robotaxi service in San Francisco
Riders will soon be able to pay for a driverless taxi ride in San Francisco from Cruise, which is majority-owned by General Motors. Go to Source
Ford’s U.S. sales decline narrowed in May as demand remained high for its electric vehicles and pickups
Ford said its sales decline was narrower than the overall industry’s, helped by demand for the company’s latest products as the chip shortage lingered. Go to Source
Ford to add over 6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang
Ford will add 6,200 union jobs and promote another 3,000 temps to full-time status as it prepares to build more EVs and all-new versions of Mustang and Ranger. Go to Source
Self-driving car companies’ first step to making money isn’t robotaxis
While governments may be wary of driverless cars, people want to buy the technology and companies want to cash in. Go to Source
GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs
GM cut the price of the Bolt EV by $5,900 compared with the 2022 model year, with a starting price of $26,595. Go to Source
Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Jim Farley said the massive amounts of capital needed to invest in EV technologies will force smaller companies to be acquired. Go to Source
Elon Musk tells Tesla workers to return to the office full time or resign
Tesla CEO Elon Musk said on Twitter: ‘They should pretend to work somewhere else.’ Go to Source