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☆ 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

☆ Videos show protesters clashing with police near Tesla's Berlin gigafactory
▼ + stars: | 2024-05-10 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Footage posted on X Friday shows protesters clashing with police near a Tesla factory in Germany. The protesters were rallying against Elon Musk's plans to expand the site by clearing out local forest areas. 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 . AdvertisementVideos posted on X, formerly Twitter, on Friday appear to show protesters clashing with police near a Tesla factory in Germany.

Persons: Elon Musk's, — Organizations: Service, Junge Welt, Business Locations: Germany, Grünheide, Berlin, Europe

☆ Protesters attempt to storm Tesla’s factory in Germany
▼ + stars: | 2024-05-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —As many as 800 activists gathered outside Tesla’s factory near Berlin Friday to protest its expansion plans, and some of them clashed with police as they attempted to break into the plant. According to Reuters, some of the protesters attempted to storm the factory. Police officers stand in front of activists protesting against the expansion of the Tesla factory near Berlin, Germany on May 10, 2024. Christian Mang/ReutersTesla shut the factory Friday to all employees in anticipation of crowds gathering outside in protest against the planned expansion. A police officer tries to push back protesters running toward the Tesla factory near Berlin on May 10, 2024.

Persons: Ole Becker, “, …, Elon Musk, ”, Christian Mang, Tesla Organizations: London CNN, Reuters, CNN, Police, RTL, Reuters Police Locations: Tesla’s, Berlin, German, Brandenburg, Europe, Germany

Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Climate protesters angry about Tesla's plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. "Multiple unauthorized people are trying to enter the ground of the Tesla factory," Brandenburg police said via X Friday. "The situation is dynamic," a Brandenburg police spokesperson told CNBC Friday, adding that there have been multiple roadblocks in the area due to the demonstrations. A Tesla spokesperson was not immediately available for comment when contacted by CNBC.

Persons: Tesla Organizations: Brandenburg, CNBC Locations: Gruenheide, Germany, Berlin, Brandenburg

☆ Tesla's easy ride in China may be coming to an end
▼ + stars: | 2024-05-09 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Elon Musk appears focused on reinforcing Tesla's China business. AdvertisementTesla is facing tougher years ahead in the Chinese market, and it couldn't come at a worse time for the company. AdvertisementAfter years of steady growth in China, Tesla's sales are slippingTesla sold 62,167 cars in China in April, down 18% from a year ago, according to data released Tuesday by the China Passenger Car Association. Inexpensive Chinese cars are also competing with Tesla in important European and Scandinavian markets, a traditional stronghold for Musk. After his latest visit to the region, Musk appears to be sending reinforcements to the Chinese market.

Persons: Tesla, Elon Musk, —, Elon, BYD, China couldn't, Musk, Tom Zhu Organizations: Service, Elon Musk's, Shanghai Gigafactory, China Passenger Car Association, China, Tesla, BYD's, Ford, GM Locations: China, Shanghai, California, Mexico, Tesla's

☆ 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

☆ Elon Musk is tightening his grip on Tesla
▼ + stars: | 2024-05-06 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Top Tesla exec Tom Zhu has been redeployed to China, Electrek reports. Several other top execs have left Elon Musk's company. Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. AdvertisementOne of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.

Persons: Tom Zhu, —, Elon, Elon Musk —, Zhu, Musk, Zhu —, Tesla, Drew Baglino, Rohan Patel, That's Organizations: Elon Musk's, Service, China, X, Reuters, North, Business, Street Locations: China, Shanghai, Delaware

☆ Tesla retreats from next-generation ‘gigacasting’ manufacturing process
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: +4 min

Employees of the Tesla Gigafactory Berlin Brandenburg work on a production line of a Model Y electric vehicle. Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car's underbody. One of the two sources familiar with the automaker's gigacasting operations said the suppliers involved are now adapting Tesla's three-piece process for the next-generation vehicle. Both sources said the automaker decided last autumn to halt work on the more innovative and difficult one-piece casting process.

Persons: Tesla, Elon Musk Organizations: Tesla, Brandenburg, Reuters Locations: gigacasting

☆ Elon Musk wins official praise for Tesla during surprise visit to China
▼ + stars: | 2024-04-29 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.

Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, ”, Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, “, ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo

☆ Tesla found a way to get out of environmental regulations at its Texas gigafactory
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Tesla's gigafactory outside Austin won't have to follow the city's environmental regulations. Elon Musk has said the property will be an "ecological paradise," but Tesla has a history of violating the environment. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's massive gigafactory outside Austin, Texas will no longer have to follow local environmental regulations, thanks to a recent state law. Tesla's 2,500-acre property, which includes its 10-million-square-foot electric vehicle gigafactory, is in unincorporated land on the outskirts of Austin.

Persons: Tesla's, Elon Musk, Tesla, — Organizations: EV, Service, Business Locations: Austin, Austin , Texas

☆ 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 cuts prices nearly $2,000 in China, in line with U.S. cuts
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +2 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs. Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The carmaker on Friday cut U.S. prices of its Model Y, Model X and Model S vehicles by $2,000. Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Persons: Tesla, Narendra Modi, Musk Organizations: Elon Musk's, Model, Plaid, Reuters Locations: Gruenheide, Germany, China, United States, India

☆ 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

☆ Elon Musk is taking on Brazil — but there's one country he won't dare oppose
▼ + stars: | 2024-04-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk's free speech clash with Brazil's government is intensifying. On Sunday, the country's Supreme Court described his defiance of an order to take down several accounts on X as a "flagrant" obstruction. The accounts are believed to be linked to digital militias that have spread fake news and threats against Brazil's supreme court during the administration of President Jair Bolsonaro, The Associated Press reported . Brazilian Supreme Court judge, Justice Alexandre de Moraes, said Musk had launched a disinformation campaign against the Supreme Court, and that he should be investigated. When it comes to potentially aggravating China, it seems that Musk's commitment to free speech may be less absolute than he claims.

Persons: —, Elon, Brazil's, Jair Bolsonaro, Alexandre de Moraes, Musk, Tesla Organizations: Service, Associated Press, Business, Supreme, Communist, The New York Times, Musk's, Monday Locations: Brazil, China, Shanghai

☆ Tesla is offering steep discounts on its Model Y SUV as it tries to clear out inventory
▼ + stars: | 2024-04-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Tesla is offering big discounts on its Model Y SUV. Elon Musk's EV maker is marking down Model Y prices by $7,500 in some cases. AdvertisementTesla is cutting the prices of its Model Y as it faces a broader sales problem. Related storiesHere's a sampling of some price markdowns: Some Model Y Performance All-Wheel Drive vehicles are now priced at $49,040, down from $54,490. Some Model Y Rear-Wheel Drive SUVs now show a $39,470 price tag, down from $46,990.

Persons: Tesla, —, Elon, It's Organizations: Elon Musk's, Service, Wall Street Locations: Berlin

☆ Tesla to explore locations in India for $3 billion EV factory, FT reports
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. The plant could be worth $2 billion to $3 billion, FT reported on Wednesday, citing two people with knowledge about the plans. The EV maker will focus on the states of Maharashtra, Gujarat and Tamil Nadu that already have automotive hubs, according to the report. India last month lowered import tariffs on certain EVs for automakers willing to invest at least $500 million and start domestic manufacturing in the country within three years. Modi met Tesla CEO Elon Musk in June and invited him to explore investment opportunities in India for electric vehicles.

Persons: Tesla, Patrick Pleul, PATRICK PLEUL, Narendra Modi's, Modi, Elon Musk Organizations: Getty, Financial Times Locations: Gruenheide, Berlin, Germany, India, Maharashtra, Gujarat, Tamil Nadu

☆ Tesla has a big competitor. And it is China’s BYD
▼ + stars: | 2024-04-03 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

In 2023, Tesla sold around 230,000 more cars than BYD. That drop was big enough for Tesla, which sold 386,810 BEVs in the same period, to retake its former position despite posting plunging sales. Both Tesla and BYD are expanding beyond their home markets and investing in factories abroad. BYD sold about 3 million electric cars, including hybrids, in 2023 globally. By comparison, Tesla, which does not sell hybrids, delivered a total of 1.8 million vehicles worldwide last year, which was about 19% of the global market for BEVs.

Persons: Hong Kong CNN —, Wang Chuanfu, It’s, Murthy Grandhi, BYD, Tesla Organizations: Hong Kong CNN, Tesla, Toyota, French PSA Group, Fiat Chrysler Automobiles, Chrysler, Maserati, Peugeot, BMW, Ford, Benz, Ferrari, Yuan, Rho, BEVs Locations: China, Hong Kong, Shenzhen, London, United States, American, Shanghai, California, Canada, European

☆ Tesla shares fall after deliveries drop 8.5% from a year ago
▼ + stars: | 2024-04-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Tesla doesn't break out sales by model but reported that it produced 412,376 Model 3/Y cars and delivered 369,783. In the fourth quarter of 2023, Tesla reported 484,507 deliveries and production of 494,989 vehicles. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. The system is marketed as Full Self-Driving but doesn't make Tesla cars autonomous.

Persons: Tesla, Troy Teslike, Martin Viecha, Elon Musk Organizations: Tesla, FactSet, Independent, CNBC Locations: Fremont, Gigafactory, Berlin, China, Shanghai, U.S, North America

☆ Elon Musk requires 'FSD' demo for every prospective Tesla buyer in North America
▼ + stars: | 2024-03-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

While all new Tesla vehicles have a standard driver assistance system installed called Autopilot, the company's FSD option costs $199 per month for most customers in North America. Tesla's FSD system does not turn cars into autonomous vehicles. According to the Tesla owners' manuals, drivers must remain attentive to the road and ready to steer or brake at any time when using FSD or FSD Beta. Owners with FSD can also get access to the FSD Beta system, which allows them to test and help debug newer driver assistance features on public roads. Under pressure from the National Highway Traffic Safety Administration, Tesla has implemented voluntary recalls to improve the safety of its Autopilot, FSD and FSD Beta systems in recent years.

Persons: Elon, Elon Musk, Musk, FSD, Tesla, Troy Teslike Organizations: Bloomberg, CNBC, Beta, National, Traffic Safety, Tesla Locations: Gruenheide, Germany, North America

☆ Tesla shares gain after Model Y price hike in U.S., Europe
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Shares of Tesla jumped nearly 7% on Monday after the automaker announced price increases for its Model Y electric vehicles across some European countries and the United States. Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday. It had announced on Friday price hikes for all Model Y cars in the U.S. by $1,000 effective April 1. Tesla shares rose as high as $174.72, up nearly 7%, on Monday following the announcements, making it the biggest percent daily gain in more than a month after sliding for two weeks.

Persons: Tesla, Emmanuel Rosner Organizations: Deutsche Bank Locations: Gruenheide, Germany, United States, U.S

☆ Musk visits German Tesla Gigafactory after suspected arson attack
▼ + stars: | 2024-03-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Odd Andersen | Afp | Getty ImagesElon Musk on Wednesday visited the Tesla Gigafactory near Berlin, which was forced to halt production last week after losing power during a suspected arson attack. Tesla workers stand outside they wait for arrival of Tesla head Elon Musk outside the Tesla Gigafactory on March 13, 2024 near Gruenheide, Germany. Maja Hitij | Getty Images News | Getty ImagesElon Musk, chief executive officer of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on Wednesday, March 13, 2024. Last week, the Gigafactory was left without power and had to temporarily stop production after a suspected arson on an electric substation close by. A banner with the words "Elon" and "Eloff" hangs in the camp of the "Stop Tesla" initiative in a pine forest near Fangschleuse near the Tesla Gigafactory Berlin-Brandenburg plant.

Persons: Elon Musk, Odd Andersen, Musk, Tesla, Maja Hitij, Krisztian Bocsi, Elon, Sebastian Gollnow Organizations: Afp, Getty, Tesla Inc, Bloomberg, CNBC Locations: Gruenheide, Berlin, Brandenburg, Germany, Fangschleuse

GRUENHEIDE, Germany (AP) — Tesla CEO Elon Musk visited the electric car maker's first European plant Wednesday as production resumed at the factory just outside Berlin about a week after a suspected arson attack cut its power supply. Musk was expected at a “team huddle” with employees at the plant in the Gruenheide municipality, employee council chief Michaela Schmitz told regional broadcaster RBB's Inforadio channel. Production at Tesla’s plant in Gruenheide came to a standstill on Tuesday last week. The power outage came as environmental activists have been protesting in a forest near the plant against plans to expand the facility. That has drawn opposition from environmentalists and some other local groups, who also worry about possible effects on the area’s water supply.

Persons: — Tesla, Elon Musk, Musk, Michaela Schmitz, Schmitz, Tesla Organizations: RBB's, ” Authorities, Volcano Locations: GRUENHEIDE, Germany, Berlin, Gruenheide, Brandenburg

BERLIN (AP) — Power has been restored to electric car manufacturer Tesla's factory near Berlin after a nearly one-week outage believed to have been caused by arson, a network operator said. It previously appeared that the factory, Tesla's first in Europe, might remain without power until the end of the week. Production at Tesla's plant in Gruenheide, just outside the German capital, came to a standstill last Tuesday. Tesla opened the factory in March 2022, launching a challenge to German automakers on their home turf. Photos You Should See View All 60 ImagesThe power outage came as environmental activists have been protesting in a forest near the plant against plans to expand the facility.

Persons: E.DIS, Tesla, Tesla's Organizations: BERLIN, —, Authorities, Volcano Locations: Berlin, Europe, Gruenheide, Brandenburg

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