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Tag: Tesla

Tesla to slash thousands of jobs after 'challenging' year

Tesla to slash thousands of jobs after 'challenging' year

Technology
Tesla plans to cut thousands of jobs after the "most challenging" year in the electric car maker's history. It is the second round of cuts this financial year after the company eliminated 4,100 jobs in June.In a letter to employees, chief executive Elon Musk said the jobs cuts were necessary to improve profitability as it ramps up production of its crucial mass-market Model 3.Tesla has struggled to reach production targets amid quality control issues."Last year was the most challenging in Tesla's history," Mr Musk said."We unfortunately have no choice but to reduce full-time employee headcount by approximately 7%." Image: Mr Musk was handed a $ 20m civil penalty over his attempt to take Tesla private He added: "Telsa w...
Apple and Tesla shares on the blockchain could be the next big thing in crypto

Apple and Tesla shares on the blockchain could be the next big thing in crypto

Finance
Cryptocurrencies had a wild 2018, tumbling well below some of the record highs seen toward the end of 2017. Bitcoin, once worth almost $ 20,000, plunged last year, closing out 2018 at a price below $ 4,000. Other major virtual currencies, including XRP and ether, also fell steeply. Analysts and executives in the industry are increasingly pointing to a fairly new development that could reinvigorate the space: putting securities like stocks and bonds on the blockchain. So-called security tokens are becoming a new buzzword in crypto. The term is part of ...

Better Buy: Tesla vs. Fiat Chrysler Automobiles

Finance
[unable to retrieve full-text content]Love it or hate it and for most investors there s no middle ground Tesla NASDAQ TSLA has been the most talked about auto stock for years now The company s shares have had a great run but right now Tesla seems to be at a crossroads Among legacy automakers Latest Articles in
Elon Musk's Tesla reaches farthest point from sun

Elon Musk's Tesla reaches farthest point from sun

Technology
SpaceX billed Elon Musk's Tesla Roadster as on "an endless road trip past Mars" when it launched in February. However, the car and its pilot have now reached their farthest point from the sun before swinging back into orbit.The Roadster has reached its first apogee from the sun according to the Where is Roadster? website, run by Ben Pearson, and as reported by technology news site Ars Technica.While the Cape Canaveral launch of Elon Musk's Falcon Heavy - the most powerful in the world - was a big success, the red sports car overshot its touted mark for Mars.Its orbit will bring it close to Mars - and to Earth - in two years' time, with it being at its closest to Earth at 51.7m km (32m miles) on 6 November 2020. Rather than entering Mars' orbit, the Tesla looks to be on a ...
Elon Musk reaches deal over tweets about taking Tesla private

Elon Musk reaches deal over tweets about taking Tesla private

Technology
Media playback is unsupported on your device Elon Musk must step down as Tesla chair and pay a fine after reaching a deal with US regulators over tweets he posted about taking the firm private.It follows Thursday's decision by the Securities and Exchange Commission (SEC) to sue Mr Musk for alleged securities fraud.Under the deal, Mr Musk will remain as Tesla CEO but has to step down as chairman for three years.Both he and Tesla will also have to pay a $ 20m (£15m) fine.The SEC's chairman Jay Clayton said that he supported the deal, and felt that it was in the best interests of US markets and investors, including the shareholders of Tesla."This matter reaffirms an important principle embodied in our disclosure-based federal securities law...