DIRS.INFO The most relevant business & tech news

☆ Tesla executive who led Cybertruck manufacturing leaves carmaker
▼ + stars: | 2024-05-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Read previewThe director who helped launch Tesla's latest project is leaving the company. Renjie Zhu, the director of manufacturing engineering at Tesla's Austin Gigafactory, announced he'd left the company on Sunday. The executive wrote on LinkedIn that "after triumphing the epic launch of Cybertruck program," his "adventure with this great company has come to an end." Related storiesIt's unclear whether Zhu was part of a recent series of layoffs at Tesla or resigned on his own. The executive and a spokesperson for Tesla did not immediately respond to a request for comment.

Persons: —, Renjie Zhu, Tesla's Austin Gigafactory, he'd, Zhu, Tesla's, Tesla, Elon Musk Organizations: Service, Tesla's, LinkedIn, Business, Tesla Locations: Shanghai

☆ Elon Musk is a homeowner again, despite his claims of couch surfing
▼ + stars: | 2024-05-08 | by ( Grace Kay | Jack Newsham | ) www.businessinsider.com time to read: +7 min

As recently as April 2022, the billionaire Tesla founder claimed in an interview that he was couch surfing and didn't "even own a place right now." In redacted court filings from December, Musk said he purchased the home in February 2022 and that he still lives there. In 2023, the Austin property was appraised at nearly $7 million, county tax records show. Less than a year later, in April 2022, Musk said again that he didn't own a home and rotated between friends' spare rooms. Eight weeks later, the LLC that purchased the Austin house was formed.

Persons: —, Elon, Tesla, Grimes, Musk, Stefan Cassella, I'd, he'd, they'd, I'm, Austin, Ken Howery, Walter Isaacson, Tesla's Austin Gigafactory Organizations: Service, Business, Texas, State, Department of Justice, SpaceX, Street Journal, PayPal, Austin, Montessori Locations: Austin, Texas, California, San Francisco, Colorado, Bastrop , Texas, Tesla's

☆ GM wants to scoop up interns impacted by Tesla's cuts, recruiter says
▼ + stars: | 2024-05-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

General Motors is seeking to recruit students impacted by Tesla's recent internship rescindments. This story is available exclusively to Business Insider subscribers. "In light of recent industry news, GM is extending an invite to software students who may have been impacted from the changes in Tesla's upcoming summer internship cohort," the recruiter wrote. Del Amo and a spokesperson for GM did not respond to a request for comment from Business Insider ahead of publication. On Monday, Tesla workers entered their fourth week of layoff notices.

Persons: Motors, Tesla, —, Laura del Amo, who'd, Del, Elon Musk, It's, Kurt Kelty, JP Clausen, Austin Gigafactory Organizations: GM, Service, LinkedIn, Business, Tesla Locations: Detroit, Del Amo

☆ Tesla layoffs impacted nearly 12% of its Texas staff
▼ + stars: | 2024-04-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla has laid off 2,688 workers at its Austin factory, nearly 12% of the site's staff. The layoffs have also impacted workers at Tesla's other US and international locations. The Texas site employed about 22,777 people before the layoffs — meaning Tesla cut nearly 12% of its staff at the site. The broader layoffs appear to have affected workers across the country, as well as some staff at Tesla's international offices. Last week, a WARN notice revealed the cuts had impacted 280 workers at a Tesla facility in Buffalo, New York.

Persons: Tesla, Elon Musk, —, Elon, Tesla's Austin Gigafactory Organizations: Service, Lone Star State, Worker, Business Locations: Austin, Texas, Tesla, Buffalo , New York, California, Nevada

☆ Tesla tells Cybertruck employees that shifts will be shorter at the Austin Gigafactory
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla sent an internal memo to Cybertruck employees recently. The memo describes shorter hours at the Austin Gigafactory. AdvertisementTesla told employees who work on the Cybertruck that shifts will be shorter on the production line at the Austin Gigafactory, according to an internal messaged viewed by Business Insider. Previously, workers clocked 12 hour shifts from 6 a.m. to 6 p.m. and 6 p.m. to 6 a.m.. They will now be working 11 hour shifts during the day and 10.5 hour shifts at night — from 6 a.m. to 5 p.m. and 6 p.m. to 4:30 a.m. — the memo said.

Persons: Tesla, Tesla's, —, Austin Gigafactory Organizations: Austin, Service, Business

☆ Some Tesla employees worry that layoffs are coming
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla employees fear potential layoffs may begin as early as this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSome Tesla employees are concerned that layoffs are imminent, possibly as soon as this weekend. This is the second time in a matter of months that anxiety over possible layoffs has set in at Tesla. The reviews were later rescheduled, three sources told Business Insider.

Persons: Tesla, —, Austin gigafactory, they'd, hadn't, There've, Tesla's Organizations: Service, Austin, Fremont, Business, Bloomberg, Business Insider . Workers, Big Tech, Google, Microsoft, EV Locations: Tesla

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Netflix, Adobe, Amazon, Eli Lilly, Procter & Gamble & more
▼ + stars: | 2024-03-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is a top idea after coming out of the company's recent TMT conference. " Morgan Stanley downgrades Hyatt to equal weight from overweight Morgan Stanley said in its downgrade of the stock that risk/reward is more balanced. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley said the next catalyst for Eli Lilly is the results from the company's sleep apnea trial. Morgan Stanley initiates Phinia as overweight Morgan Stanley initiated the auto components and supplier company and says it's a "key beneficiary of the EV reset." Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's standing by shares of Meta.

Persons: Morgan Stanley, Oppenheimer, underperform Jefferies, Jefferies, Tesla, Evercore, Tesla's, Tesla's Austin Gigafactory, Wolfe, XEL, Morgan Stanley downgrades Hyatt, JPMorgan, Stifel, Eli Lilly, Truist, Guggenheim, it's, PDD, Locker, Meta, Goldman Sachs, Goldman Organizations: Netflix, Jefferies, Wyndham, Underperform, Wyndham Hotels, Adobe, & Highland, JPMorgan, Energy, Hyatt, Petrobras, Procter, Gamble, Guggenheim, Nike, ICE, UBS, Apple, Meta, & & / Locations: Tesla's, Texas, bullish, China, Kazakhstan, America

☆ Elon Musk plans to build a new content moderation center for X in Austin
▼ + stars: | 2024-01-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

X aims to hire 100 full-time workers for a new content moderation headquarters in Austin, the company's head of business operations, Joe Benarroch, told Bloomberg. Since he took control of X in October 2022, users have criticized Musk for his no-guardrails approach to the platform's trust and safety operations. After taking over, he quickly axed hundreds of content moderators and employees on the content moderation team — even as advertisers worried about a rise in hate speech on the platform. The plans for the new center also come after Musk tried to prevent a California law that regulates online content moderation. With the lack of content moderation and the rise of questionable posts, X has struggled to grow its advertising revenue.

Persons: —, Elon Musk, Joe Benarroch, Musk's Tesla, hasn't, Benarroch, Musk Organizations: Service, Business, Bloomberg, Austin Locations: Austin, California

☆ Disappointed Tesla fans took aim at the Cybertruck over its 'cringe' launch, with one even saying their 'dream got crushed' by its unexpected price hike
▼ + stars: | 2023-12-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

The Cybertruck will start at $60,990, tens of thousands more than what Tesla promised in 2019. It was the opposite, horrible launch event, disappointing range, almost abusive pricing considering what was promised," wrote one Tesla fan on Reddit . "For me, this potential purchase was always always about two things, setting aside the design: range & price. The company is offering a "range extender" which it says will bring the Cybertruck closer to its promised range. Prominent tech YouTuber Marques Brownlee also criticized the discrepancy between what Tesla promised in 2019 and what it is offering now.

Persons: Elon Musk, Austin Gigafactory, Tesla, —, Austin gigafactory, Musk, Cybertruck subreddit, Elon, I've, it's, YouTuber Marques Brownlee Organizations: Service, Business

☆ Tesla factory workers reportedly say they're getting in shouting matches — and sometimes even fights break out
▼ + stars: | 2023-11-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Some workers from the Texas factory told The Information that verbal fights occur at the facility on a near-daily basis — and even some physical fights have taken place, they said. Some workers told the publication that employees were taking Adderall and sleeping at the factory in order to keep up with Elon Musk's deadlines. Musk has been known to run his companies with high intensity, sometimes calling for work sprints and even sleeping on the factory floor at Tesla. Ahead of the 2017 release of the Model 3, Musk famously pushed workers at Tesla's Fremont factory through "production hell." "Nothing is more important to us than the safety of our employees," A Tesla representative told Insider in 2018.

Persons: Elon Musk, —, Tesla's Austin gigafactory, Elon, Tesla, Travis, Musk, Austin gigafactory, we've Organizations: Service, Local, Police, Occupational Safety, Health Administration, Austin, San Antonio Express, Business, Reuters, SpaceX, Bloomberg Locations: Texas, Tesla's, Travis County ( Texas, Tesla

☆ Grimes chased Elon Musk across at least 12 different locations to serve him custody papers, including X headquarters and a horse farm
▼ + stars: | 2023-11-10 | by ( Grace Kay | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Grimes said she served her former partner Elon Musk with custody papers last month. Elon Musk with custody papers last month. One of the process servers even went to a horse farm that had been tied to the billionaire. One process server even tracked Musk's private jets in order to confirm the best place to contact the billionaire, Grimes' court papers state. Two process servers also attempted to serve Musk at Shivon Zilis' house.

Persons: Grimes, Elon Musk, Musk, —, Claire Boucher, Tesla's Austin gigafactory, she'd, Christopher Melcher, Walzer Melcher, Melcher, Amy Sussman, WWD, Grimes should've, he's, Tell Elon, Zilis Organizations: Service, Musk, SpaceX, Penske Media, Getty Locations: Texas, San Francisco, Boca Chica , Texas, Austin, Boca Chica, California

☆ Elon Musk and his kids with Grimes have strong ties to California, singer argues to get his Texas child custody case tossed
▼ + stars: | 2023-10-12 | by ( Jack Newsham | Grace Kay | ) www.businessinsider.com time to read: +5 min

Claire Boucher, better known as Grimes, asked a Texas judge to throw out Elon Musk's custody case. The musical artist Grimes has asked a Texas judge to throw out Elon Musk 's child-custody lawsuit filed last month, saying the case belongs in California, not Austin. In Musk's lawsuit , he claimed they lived together in Texas as recently as July 2023. He splits his time between six companies — with his private jets sometimes making multiple trips between Texas and California within a week. The lawsuit isn't the first sign of conflict between Musk and Grimes.

Persons: Claire Boucher, Grimes, Elon, —, Elon Musk, Tesla, Musk didn't, didn't, Chrisopher Melcher, Walzer Melcher, Melcher, Musk, Musk's, Walter Isaacson, Tesla's Austin gigafactory, Shivon Zilis Organizations: Service, SpaceX, Montessori, Twitter Locations: Texas, California, Austin, Los Angeles, Tesla's, San Francisco, Hawthorne , California, Boca Chica , Texas

☆ Elon Musk wanted to build a house that looked like it 'fell out of space,' new book reveals
▼ + stars: | 2023-09-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Elon Musk bought a horse farm in Texas near Tesla's Gigafactory, author Walter Isaacson wrote. The biographer said Musk envisioned a house that looked like "something fell out of space." The Wall Street Journal has reported Musk was building a glass house, but he has denied the reports. "He needs a place where his sole resides and that's what the horse farm will be for him." At the time, Musk denied living in the modular house, saying that he lives in a different small house in Texas.

Persons: Elon Musk, Tesla's Gigafactory, Walter Isaacson, Musk, Elon, —, Austin Gigafactory, Isaacson, Norman Foster, Steve Jobs, Foster, Foster didn't, Isaacson —, Tesla, Foc Kan, Omead Afshar, Afshar, Grimes, Robyn Beck, Zilis hasn't, Weeks, he'd Organizations: Elon, Service, Tesla, The Boring Company, Wall Street, Bloomberg, Department of Justice, Securities and Exchange Commission, Getty, LinkedIn, SpaceX Locations: Texas, Tesla's, Wall, Silicon, Colorado, Austin, California, Mars

☆ Tesla investor is blown away after visit to Texas factory and calls new battery one of the most important technologies ever
▼ + stars: | 2023-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Ross Gerber praised Tesla's battery advances after touring the Austin Gigafactory this week. In particular, he noted the footprint for production of the 4680 battery has come down in size considerably. "So the 4680 cell is probably one of the most important technological advances in modern history," Gerber told CNBC. "So the 4680 cell is probably one of the most important technological advances in modern history," he said . Gerber's praise of Tesla's battery production advances comes after he briefly pursued a seat on the company's board, citing concerns about CEO Elon Musk's leadership and help the company "grow up."

☆ Elon Musk unveiled Tesla's 'Master Plan 3,' hinted at new cars, and confirmed the company's push into Mexico during Tesla's first-ever Investor Day
▼ + stars: | 2023-03-02 | by ( Grace Kay | Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Elon Musk debuted his "master plan" during Tesla's first-ever Investor Day presentation. The factory will be located "near Monterrey," according to Musk, who reiterated that Tesla plans to expand production at all of its factories. The news was confirmed during Tesla's first-ever Investor Day at the company's Austin Gigafactory, where Musk unveiled Tesla's "third master plan." In the past, Musk has said Tesla eventually plans to sell an electric car for about $25,000. Musk initially unveiled the truck in 2019 and has since pushed back the production timing 3 times, according to Reuters.

Search resuls for: "Austin Gigafactory"

15 mentions found