DIRS.INFO The most relevant business & tech news

☆ It's already hard to get your Fisker fixed. Bankruptcy could make it impossible.
▼ + stars: | 2024-04-27 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementBusiness Insider spoke with seven Fisker Ocean owners who shared their anxieties about what will happen to their cars if Fisker is no more. AdvertisementSome Fisker owners said they are already struggling to get service and parts. Three Fisker ocean owners described instances where the vehicle was bricked for days after their 12-volt battery died. What Fisker's failure would mean for its competitorsIf Fisker files for bankruptcy, there are likely to be ripple effects for other EV startups, Fiorani said. "If Fiskers start falling off the side of the road in the next few months because there's no one to update them, that's going to put fear into a lot of electric vehicle owners — not just Fisker owners," Fiorani said.

Persons: —, Henrik Fisker teeters, Sam Fiorani, Kurt Mechling, Mechling, Fisker, Chris Salvo, Salvo, Henrik Fisker, Mario Anzuoni, Fiorani, Patrick Burrell, Tesla Organizations: Service, Business, AutoForecast Solutions, BI, Reuters, EV Locations: California

☆ Fisker tells employees that 4 automakers are in talks to buy the struggling startup
▼ + stars: | 2024-04-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Fisker is in talks with four automakers for possible acquisition, according to CEO Henrik Fisker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFisker CEO Henrik Fisker told staff during an all-hands meeting on Thursday that the company was in talks with four automakers for a potential buyout, according to a recording of the event viewed by Business Insider. "We still have some time to get other offers on Fisker," he told staff on Thursday. This story is available exclusively to Business Insider subscribers.

Persons: Fisker, Henrik Fisker, — Organizations: Service, Business Locations: Fisker

☆ Tesla's chaotic layoffs leave employees nervous and wondering when the cuts will end
▼ + stars: | 2024-04-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla employees say they've been left in limbo after a week of layoffs. AdvertisementIn the wake of Tesla's mass layoffs last week, some workers who are still at the carmaker say they feel as if they've been left in limbo. Tesla workers have been put through the wringer ever since layoffs started on Sunday, April 14. "It was like all at once, people you'd seen every day were just erased from the company," the worker said. On Friday, Tesla's layoffs impacted its recruiting staff in the US.

Persons: they've, Elon Musk, —, Elon, they'd, you'd, we'd Organizations: Elon, Tesla, Service, EV, Business, Bloomberg Locations: China

☆ 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 lays off its new marketing team months after launching it: report
▼ + stars: | 2024-04-22 | by ( Grace Eliza Goodwin | Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla has eliminated about 40 marketing and advertising staff, Bloomberg reported. AdvertisementTesla appears to have pulled the plug on its short-lived marketing team. The company cut its entire US "growth content" team in its recent round of layoffs, according to a report from Bloomberg. The team included a group of about 40 people, the publication said. Tesla still has a small group of marketing employees based in Europe, a person with knowledge of the issue told Bloomberg.

Persons: Tesla, Elon Musk, — Organizations: Bloomberg, Service Locations: Europe

☆ A TikTok ban would be a win for Mark Zuckerberg
▼ + stars: | 2024-04-22 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Meta CEO Mark Zuckerberg will very likely end up the ultimate winner in the most recent push to force a sale or ban of Chinese-owned TikTok. The House passed a TikTok "ban" or forced sale as part of a bill on military aid for Ukraine and Israel. A year ago, BI's Grace Kay wrote that TikTok legislation would be like "an early Christmas present" for Zuckerberg. Instagram had more growth and downloads last year than TikTok, and after Instagram faced an existential crisis, it's having a surprising comeback.) If ByteDance ends up selling TikTok to a US company, it's hard to imagine it will be a smooth transition.

Persons: —, Zuck —, Mark Zuckerberg, Joe Biden, it'll, Zuckerberg's Meta, BI's Grace Kay, Zuckerberg, Instagram, Adam Mosseri, TikTok, there's, ByteDance, Steven Mnuchin Organizations: Service, Business, Zuckerberg's, Meta, YouTube, Big Tech Locations: Ukraine, Israel

☆ Tesla sends some laid-off workers new severance offers after Elon Musk said some were 'incorrectly low' the first time
▼ + stars: | 2024-04-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewSome laid-off Tesla workers received new severance offers that included more money and longer coverage of benefits on Thursday night. Tesla CEO Elon Musk appeared to acknowledge the company had initially sent out faulty severance packages. Related storyUnlike early severance offers that were sent to some workers on Tuesday night, the new packages appear to vary between employees. Within a few hours, the workers received severance offers with slightly higher pay, those workers said. Another worker said they were offered three months' worth of severance pay and three months of paid COBRA coverage.

Persons: —, Tesla, Elon Musk, Musk, who'd, they'd Organizations: Service, Business, Tesla, Worker, BI

☆ Tesla layoffs continue as recruiters get cut
▼ + stars: | 2024-04-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla informed some of its recruiters on Friday that they'd been laid off, sources told BI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Three former Tesla workers confirmed to Business Insider that they had been informed of the layoffs via a call on Friday morning. More former Tesla recruiters have posted on LinkedIn saying they were notified their jobs had been impacted on Friday. The same day Tesla announced its initial round of cuts at least two executives resigned from the company.

Persons: Tesla, they'd, Elon Musk, —, Drew Baglino, Rohan Patel Organizations: Elon, Service, Business, LinkedIn

☆ We now know more about where Tesla is slashing jobs
▼ + stars: | 2024-04-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla has laid off 280 workers at its Buffalo, New York facility. Elon Musk told Tesla staff he was cutting more than 10% of the company's workforce. The Buffalo site is used for training Tesla's driver-assist software, and energy storage products. On Sunday night, Tesla CEO Elon Musk told staff the company was cutting more than 10% of its workforce. AdvertisementTesla's Buffalo site is used as a site for the company's data analysis to train its Autopilot and so-called Full Self-Driving software.

Persons: Tesla, Elon Musk, —, who'd Organizations: Service, Worker, Business Locations: Buffalo , New York, Buffalo, New York, Tesla, California, Texas

☆ Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
▼ + stars: | 2024-04-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla sent notices canceling some separation agreements, according to two laid-off employees and a notification seen by Business Insider. The cancellations came after some workers received severance offers for two months of pay. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome laid-off Tesla workers received a notification that their separation agreements had been canceled on Thursday and to expect new ones, two laid-off workers told Business Insider. The workers received a notification about a document titled "Your separation agreement," with "status: canceled," according to one of the emails obtained by BI.

Persons: Tesla, Elon Musk, — Organizations: Business Insider, Service, Business, BI

☆ Elon Musk apologized for 'incorrectly low' Tesla severance packages
▼ + stars: | 2024-04-18 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk apologized Wednesday to laid-off Tesla employees for incorrect severance packages. Some workers previously told Business Insider they were offered two months' pay as severance. AdvertisementElon Musk apologized in an email to some laid-off Tesla employees after their severance packages were found to be "incorrectly low," according to a screenshot of the email viewed by Business Insider. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk said in the brief email sent Wednesday. Other workers told BI that as of Wednesday night, they'd yet to receive any information about severance packages.

Persons: Elon Musk, —, Musk, they'd, Tesla, Drew Baglino, who'd, he'd, Rohan Patel, They're, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Service, Business, CNBC, Worker, Twitter Locations: China

☆ Why Tesla wants to give Elon Musk a $55 billion pay package
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is seeking shareholder approval for Elon Musk's pay package, which a judge previously struck down. AdvertisementWhy does Tesla's board think Elon Musk deserves a $55 billion pay package? Tesla plans to ask shareholders to vote again on Musk's $55 billion pay package after it was struck down by a Delaware Judge earlier this year. Tesla shareholders will be able to vote on the issue during the company's annual meeting in June. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth, initially set in place in 2018.

Persons: Tesla, —, Elon, Robyn Denholm, Denholm, Kathleen St, J, McCormick, Musk Organizations: Elon, Service, Delaware Judge, Securities and Exchange Commission, Delaware Court, Tesla, The New York Times Locations: Delaware, Texas

☆ Rivian lays off more workers
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday afternoon. "We continue to work to right-size the business and ensure lignment to our priorities," they told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Rivian, — Organizations: LinkedIn, Service, Business

☆ A Tesla worker who was laid off a month after he joined says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8. Tesla didn't immediately respond to Business Insider's request for comment made outside of normal working hours.

Persons: —, who'd, he'd, Ezekiel Love, Love, Elon Musk, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives, Tesla Organizations: Service, Tesla, EV, Business Locations: Texas

☆ A Tesla worker who was hired and then laid off a month later says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Tesla laid off more than 10% of its workforce, a memo sent by CEO Elon Musk showed. One worker who lost his job a month after joining Tesla told KVUE he couldn't pay his rent. AdvertisementAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8.

Persons: Tesla, Elon Musk, KVUE, —, who'd, he'd, Ezekiel Love, Love, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives Organizations: Tesla, Service, EV Locations: Texas

☆ Tesla has begun sending out severance info to laid-off workers. Here's how much they're getting.
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla has started sending out severance information to laid-off employees. In the individual layoff notices to impacted workers that were sent in the hours after Musk's companywide email, Tesla told workers they'd receive their severance information "within 48 hours," according to emails viewed by BI. Related storiesThe carmaker appears to be offering workers two months of severance — meaning the workers will be paid through June 14, five former workers told Business Insider. Tesla said the severance agreement must be signed within five business days of its receipt and workers will receive their severance pay 45 days after their termination date, according to a severance agreement viewed by BI. AdvertisementWhile the severance information appears to have started going out overnight, several Tesla workers who were impacted by the layoff told BI they had yet to receive a severance information as of Wednesday morning.

Persons: —, Tesla, Elon Musk, they'd, defaming Tesla Organizations: Service, Business, BI

☆ I relocated across the country when Tesla asked. Then I was laid off 6 months later.
▼ + stars: | 2024-04-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

On Sunday night, Elon Musk sent a company-wide email to Tesla staff announcing a workforce reduction of more than 10%. One laid-off Tesla worker said they moved about 6 months ago for the job before being let go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Then I went to my personal email account and I saw an email from Tesla that was sent out overnight. In that layoff letter they said the cuts were due to redundancy, but I didn't feel like my role was redundant.

Persons: Elon Musk, Tesla, —, hadn't, We're, I've, we're Organizations: Service, Tesla, Business Locations: California

☆ Tesla layoffs have reportedly also hit its international offices
▼ + stars: | 2024-04-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk announced a 10% Tesla workforce reduction in an email to staff on Sunday night. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's layoffs will also reportedly impact its international workers. On Monday, some US Tesla employees were told during an all-hands meeting there would be further cuts outside North America, two sources told BI. Separately, Tesla started instructing managers in February to identify which roles at the company were business-critical and had temporarily delayed performance reviews.

Persons: Elon Musk, they'd, —, Workers who'd, Tesla, Musk Organizations: Reuters, Service, Business Insider, Workers, EV, BI Locations: Berlin, China, Germany, North America, Buffalo , New York

☆ A major Tesla executive left after 18 years at the company amid mass layoffs
▼ + stars: | 2024-04-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Drew Baglino, Tesla's SVP of powertrain and electrical engineering, resigned from Tesla on Sunday. The executive had worked at Tesla for over 18 years. AdvertisementDrew Baglino, Tesla's senior vice president of powertrain and electrical engineering, announced he'd left the company, becoming the latest major executive to depart Elon Musk's EV giant after the CFO stepped down in August last year. "I made the difficult decision to move on from Tesla after 18 years yesterday," Baglino wrote on X on Monday. "I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.

Persons: Drew Baglino, Baglino's, Tesla, —, Tesla's, he'd, Baglino, gratified Organizations: Tesla, Service, Elon, Business Locations: Tesla's

☆ Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
▼ + stars: | 2024-04-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Typically, security guards inspect workers' badges at the site, but don't usually scan them directly, the two workers said. Related storiesThree other former Tesla employees said workers at the Fremont factory were told by security that if their badges didn't work they were no longer employed. The email sent directly to laid-off staff said the cuts would be effective immediately and workers would receive information regarding their severance within 48 hours. Tesla workers aren't the first to unceremoniously discover they've been terminated while trying to access their former place of work. Last year, some former Google employees told BI they learned they'd been laid off when they couldn't badge into the office.

Persons: —, Tesla, didn't, Elon Musk, Drew Baglino, Rohan Patel, they've, they'd Organizations: Service, Business, Fremont, BI, Google Locations: Tesla's, Sparks , Nevada, Nevada

☆ Tesla is laying off more than 10% of its workforce, memo shows
▼ + stars: | 2024-04-15 | by ( Grace Kay | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Tesla is reducing its workforce by more than 10%, per an internal memo seen by Business Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some Tesla employees lost access to their emails and Teams by Monday, two people with knowledge said. Related storiesBefore the layoffs, Tesla said it employed over 140,000 workers globally, including over 20,000 at its Fremont factory in California. Musk told staff in May that he must personally approve all new Tesla hires.

Persons: Tesla, —, Elon Musk, Musk, Tesla's Organizations: Business, Service, Bloomberg Locations: Berlin, Fremont, California, Buffalo , New York

☆ Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce
▼ + stars: | 2024-04-15 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk sent Tesla employees a memo on Sunday announcing the EV maker is laying off more than 10% of its workforce globally. Separately, Tesla started instructing managers in February to identify which roles at the company were business-critical and had temporarily delayed performance reviews. AdvertisementRead the full memo Elon Musk sent Tesla employees below:Over the years, we have grown rapidly with multiple factories scaling around the globe. This will enable us to be lean, innovative and hungry for the next growth phase cycle. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Persons: Elon Musk, Tesla, I'm, Elon Organizations: Business, National Labor Relations Board Locations: California, Buffalo , New York

☆ Tesla is headed to trial, where a jury will soon decide whether it's to blame for a 2-year-old crashing a model X into his pregnant mom
▼ + stars: | 2024-04-14 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +9 min

Read previewIs Tesla to blame for a toddler crashing his family's Model X SUV into his pregnant mother, injuring her? California mom alleges that the Tesla Model X was 'defective'In 2019, California mother Mallory Harcourt filed a lawsuit against Tesla over the incident, accusing it of negligence, consumer fraud, and product liability. "In no uncertain terms, Ms. Harcourt's own actions caused her injuries, and not any defect in Model X's design," Tesla's attorneys wrote. AdvertisementHarcourt's son "pressed the accelerator pedal, and the Model X moved forward slowly," the lawyers said. The Model X, the lawyers wrote in the brief, "functioned exactly as designed and very likely saved Ms. Harcourt's life."

Persons: —, Elon, Mallory Harcourt, Tesla, Harcourt, Santa Barbara, Getty, Mallory, Ms, Harcourt negligently, Tesla's, Harcourt's, Barrett Riley, Riley Organizations: Service, Business, Tesla, Santa, Chicago Tribune Locations: California, Santa Clara, Park, Florida

☆ Some Cybertruck owners report getting red warning screen alerts within days of taking delivery
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Some Cybertruck owners are reporting issues they say occurred shortly after delivery. AdvertisementSome Cybertruck owners are taking to the internet to report issues with their new Tesla pickup truck. Multiple owners have reported the same issueAt least five others who identified themselves as Cybertruck owners online have posted that they had seen the same warning screen. One Cybertruck owner on a Cybertruck owners forum said they'd seen the warning message, but had less success resetting the vehicle. It's not the only issue Cybertruck owners are flagging online — owners have also pointed out issues with the ADAS system and charging.

Persons: they've, —, Thomas Remo, Remo, they'd, Tesla, It's, Marques Brownlee, Brownlee Organizations: Service, YouTube, Business

☆ Ford offers Tesla drivers $1,500 discount to switch
▼ + stars: | 2024-04-13 | by ( Grace Kay | Graham Rapier | ) www.businessinsider.com time to read: +1 min

Ford is offering Tesla owners a special discount on its F-150 Lightning and Mustang Mach-E. The discount is reportedly called "Tesla Competitive Conquest Bonus Cash." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The automaker launched an initiative earlier this month to give Tesla owners a special discount on some of its cars. Ford is offering Tesla owners who purchase a F-150 Lightning or Mustang Mach-E an extra $1,500 off.

Persons: Ford, — Organizations: Ford, Service, Ford Authority

Search resuls for: "Grace Kay"

25 mentions found