Tesla CEO Elon Musk has directed executives to pause all hiring and prepare for job cuts, according to a leaked email that was first viewed by Reuters. Tesla shares fell 8.5% following the Reuters report. An additional email sent Friday to all employees, clarified his comments to executives, stating that the headcount reduction would be… Continue reading Elon Musk orders hiring freeze, warns of job cuts at Tesla in latest leaked email
Tag: Electric vehicles
bk World – The service station of the future has opened in Endsee, Germany
ENDSEE, Germany, June 3, 2022 /PRNewswire/ — A new era has begun for drivers of electric cars. The first bk World opened today, Friday, in Endsee, Bavaria. By creating charging havens, this subsidiary of bk Group AG is revolutionising long-distance travel by electric car. From idea to reality For drivers of electric cars, charging time is… Continue reading bk World – The service station of the future has opened in Endsee, Germany
Loss-Making NIO Inc. (NYSE:NIO) Expected To Breakeven In The Medium-Term
We feel now is a pretty good time to analyse NIO Inc.’s (NYSE:NIO) business as it appears the company may be on the cusp of a considerable accomplishment. NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The US$31b market-cap company announced a latest loss of CN¥11b on 31 December 2021 for… Continue reading Loss-Making NIO Inc. (NYSE:NIO) Expected To Breakeven In The Medium-Term
German Handelsblatt: Future technology: Why Tesla and Mercedes have failed so far in fully autonomous driving004401
Self-Driving Cars The vehicles often behave differently than human drivers in everyday life. (Photo: Getty Images, Unsplash, Adobe Stock) The Mercedes jerks, then stops. In the middle of the parking lot entrance. “Now that’s bad,” says Kay Stepper. The head of autonomous driving at Bosch USA actually had everything prepared down to the last detail.… Continue reading German Handelsblatt: Future technology: Why Tesla and Mercedes have failed so far in fully autonomous driving004401
Tesla shares fall after Musk reportedly flags staff cuts
Carmaker employs nearly 100,000 people according to most recent SEC filings Go to Source
Elon Musk says Tesla’s fake robot might be ready by September 30th
In a tweet that is definitely not meant to distract from the news that he’s planning on laying off about 10 percent of his workforce, Tesla CEO Elon Musk said that he was shifting the company’s “AI Day” event from August to September in anticipation of being able to show off a “working” Optimus prototype.… Continue reading Elon Musk says Tesla’s fake robot might be ready by September 30th
Elon Musk Says He’s Cutting Ten Percent of Tesla’s Workforce Because He Has a “Bad Feeling”
The company is pausing “all hiring worldwide.” Super Bad Tesla CEO Elon Musk is planning to cut ten percent of Tesla staff and freeze hiring worldwide because he has a “super bad feeling” about the economy, according to an email sent to executives and obtained by Reuters. Tesla shares dropped by almost three percent in premarket… Continue reading Elon Musk Says He’s Cutting Ten Percent of Tesla’s Workforce Because He Has a “Bad Feeling”
@FCA: Windsor Assembly Plant to Produce Vehicles on New STLA Large Platform
June 3, 2022 , Windsor, Ontario – Stellantis announced today that vehicles produced on the new STLA Large platform will be built at the Windsor (Ont.) Assembly Plant. Production of the current L-series vehicles – Chrysler 300, Dodge Charger, Dodge Challenger – at the Brampton (Ont.) Assembly Plant will end when retooling begins in 2024, as announced on May 2, 2022.… Continue reading @FCA: Windsor Assembly Plant to Produce Vehicles on New STLA Large Platform
Omega Seiki, Grip join hands for retail tie-up
Omega Seiki Mobility has partnered with Grip, an alternative investment platform for retail investors. Under the partnership, Grip will finance 1,000 units of electric three-wheelers Rage+ and Rapid of Omega Seiki. In a press note, both companies said they aim to expand this partnership to lease a minimum of 5,000 electric vehicles by the end of… Continue reading Omega Seiki, Grip join hands for retail tie-up
EV supercar maker Rimac accelerates away with 500 million euros investment – Emerging Europe
Made in Croatia, Rimac’s Nevera is one of the fastest cars on the road. Now, its technology is set to help other carmakers overcome the challenges of making high-performance electric vehicles. Croatia’s Rimac, which makes some of the fastest – and most expensive – supercars in the world, has raised 500 million euros from investors… Continue reading EV supercar maker Rimac accelerates away with 500 million euros investment – Emerging Europe