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☆ 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

☆ 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

☆ 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

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