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☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ Top proxy advisor ISS recommends against Elon Musk's $56 billion Tesla pay package
▼ + stars: | 2024-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Taylor Hill | Getty ImagesTop proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package and withhold their support from the re-election of News Corp . Tesla's shareholder meeting is on June 13. Tesla's board is seeking shareholder approval to reinstate Musk's pay after a Delaware court voided the package earlier this year. The proxy advisor recommended support for some shareholder proposals that Tesla management opposes, including one that would declassify Tesla's board. Pay package pushTesla has been courting shareholder support in both time-tested and novel ways.

Persons: Elon Musk, Elon Musk's, James Murdoch, Glass Lewis, Tesla, Innisfree, Robyn Denholm, Leo KoGuan, KoGuan, Go Nakamura Organizations: Academy Museum of Motion Pictures, Getty, Services, News Corp, CNBC, ISS, FGS Global Locations: Los Angeles , California, Taylor, Delaware, Texas, Austin, Austin , Texas, U.S

☆ 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's only European factory is getting back to business after an arson attack shut it down
▼ + stars: | 2024-03-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Tesla's Gigafactory in Germany shut down earlier this month after an arson attack. The factory employs 12,500 people and produces 1,000 cars per day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTesla's German Gigafactory is getting back to business — earlier than anticipated — after an arson attack forced it to shut down for roughly a week. The so-called Volcano Group took responsibility for the attack.

Persons: Tesla's Gigafactory, —, E.DIS, Tesla, Elon Musk Organizations: Service, CNN, Reuters, Group, Business Locations: Germany, Berlin, Europe

☆ Power cut reportedly halts production at Tesla's gigafactory in Germany after suspected arson, police say
▼ + stars: | 2024-03-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

A power outage has reportedly halted production at Tesla's German factory. Suspected arson on an electricity pylon caused the outage, police told Business Insider. AdvertisementTesla reportedly halted production and evacuated its gigafactory near Berlin on Tuesday following a power outage in the area. Tesla told the newspaper it did not expect to resume production quickly following a consultation with energy provider E.DIS. Tesla told the publication at the time that it would now "seek dialogue with all participants to decide on further steps."

Persons: —, Tesla, Berlin Organizations: German, Business, Service, Police, Employees, Guardian Locations: Berlin, Brandenburg, Grünheide, Müggelheim, Neukölln, Europe

☆ Employee burnout at AWS is reminiscent of another top firm's push to get bigger
▼ + stars: | 2023-11-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementIn today's big story, we're looking at the growing tension at AWS with rising employee burnout. Just like OpenAI's ChatGPT or Google's Bard, Amazon Q is a generative AI chatbot users can talk to like a human. Amazon Web Services, which developed Amazon Q, announced the new product under the fanfare of its annual event in Las Vegas, AWS re:Invent. Business Insider's Eugene Kim, our resident Amazon expert, has a report on the growing tension and burnout among AWS employees. Jon Krause for InsiderThe burnout at AWS reminds me of another company at the top of its field facing turmoil: Goldman Sachs.

Persons: —, you've, Taylor, Pena Popo, Noah Berger, Bard, Insider's Eugene Kim, ChatGPT, Jon Krause, Goldman Sachs, Goldman, David Solomon, haven't, BI's Dakin Campbell, Bethany McLean, Goldman aren't, Goldman's, Sylvain Gaboury, Patrick McMullan, Slaven, The New York Times Elon Musk, Tesla, They've, Joe Santagato, Elon Musk, Drazen, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Spotify, Getty, Web Services, Microsoft, Goldman, Slaven, The New York Times, Amazon, Business, American Express, Federal, Paris, Paralympic, Kroger, Dell Locations: Las Vegas, Austin , Texas, New York City, San Diego, London, New York

☆ Tesla raises wages 4% for German workers amid union pressure, WSJ reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

A general view of a Tesla's Gigafactory Berlin-Brandenburg building, a part of the electric car manufacture, in Gruenheide, Germany July 18, 2023. In October, Tesla said it will inform its staff this month of the level of the pay rise, adding it raised wages by 6% last year. German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. The EV maker, unlike other carmakers in Germany, does not have a collective bargaining agreement governing wages. Tesla and IG Metall did not immediately respond to a Reuters' request for comment.

Persons: Annegret, Tesla, Metall, Elon Musk, Urvi, Aurora Ellis, Kim Coghill Organizations: REUTERS, Street, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S, Bengaluru

☆ Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says
▼ + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.

Persons: Kevin Paffrath, Elon Musk's, Musk, —, Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico

☆ Tesla to offer German workers pay rise this year
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Oct 12 (Reuters) - Tesla (TSLA.O) said on Thursday it will offer a pay rise to workers at its German plant, where unions have said they earn below the industry average. The U.S. electric vehicle maker said it will inform staff in November of the level of the pay rise, adding it raised wages by 6% last year. Under last year's agreement, workers at Volkswagen (VOWG_p.DE), Mercedes-Benz (MBGn.DE) and BMW (BMWG.DE) were offered a 5.2% pay rise in June 2023 and a 3.3% pay rise in 2024 as well as an inflation premium for full-time workers of 3,000 euros ($3,160). German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. IG Metall said Tesla told workers of the upcoming raise at a series of meetings held at the plant this week.

Persons: Annegret, Tesla, Metall, Victoria Waldersee, Alexander Smith Organizations: REUTERS, Rights, Volkswagen, Mercedes, Benz, BMW, Metall's, Reuters, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S

☆ Elon Musk has custody of son X despite mother Grimes' objections, court doc says
▼ + stars: | 2023-10-12 | by ( Jack Newsham | Grace Kay | ) www.businessinsider.com time to read: +4 min

She told a Texas court that son X "is only absent from California over [her] objection." Grimes, the musician who has three children with Elon Musk , told a Texas court last week that their eldest son X Æ A-XII Musk isn't with her in California "over [her] objection." The artist, whose real name is Claire Boucher, asked a Texas court on October 6 to throw out Musk's child-custody case. Their oldest child, three-year-old son X, is "only absent from California over [Boucher's] objection," according to the document, obtained by Insider. In his biography on Musk, Walter Isaacson wrote that with X Musk had a "free-range" parenting style that was far from "doting."

Persons: Grimes, Elon Musk's, X, —, Elon Musk, Claire Boucher, Musk, Tesla, Tesla's, Walter Isaacson, X Musk, Walter Isaacson’s, Isaacson, Recep Tayyip Erdoğan, We're, Grimes —, Shivon Zilis Organizations: Tesla, Service, Variety, SpaceX Locations: California, Texas, Hungary, Tesla's gigafactory, Turkey, New York

☆ Tesla Cybertruck prototypes appear to have fit and finish issues — but an expert says not to worry
▼ + stars: | 2023-10-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Some people have called out potential fit and finish issues with a Tesla Cybertruck prototype. Auto expert Sandy Munro said it's misleading to judge a vehicle's fit and finish off a prototype. AdvertisementAdvertisementProspective Tesla Cybertruck buyers shouldn't worry about some of the panel gaps and smears that have showed up in recent sightings of the electric pickup, auto expert Sandy Munro says. "That vehicle has probably gone through some fairly rigorous testing," Munro said, referencing Tapley's video. "The thing about stainless steel is it hangs around a while," he said.

Persons: Sandy Munro, —, Munro, Elon Musk, Frederic J . BROWN, Tesla, Electrek, — Munro, Musk, Dave Tapley, they'd, Insider's Tim Levin, Nora Naughton Organizations: Auto, Service, Getty, YouTube, Ford Locations: AFP, Northern California, California, Texas

Migration has become a hot topic of debate in Germany ahead of elections on Oct. 8 in the states of Bavaria and Hesse, and in Europe at large ahead of European parliamentary elections next year. The post shared by Musk came from an account identified as Radio Genoa. It criticized the German state for funding charities rescuing migrants in the Mediterranean and included videos of rescue missions. Germany's centre-left government confirmed this week that it was financially supporting three German non-governmental organizations that operate in the Mediterranean and regularly bring migrants to Italy. In Texas, Tesla operates a plant in Austin and Space X operates a major testing and launch facility on the Texas Gulf Coast in Boca Chica near Brownsville.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon, Musk, Tesla's Gigafactory, Tesla, Sarah Marsh, Andreas Rinke, Leslie Adler Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, Billionaire, Radio Genoa, Forbes, Space X, Texas Gulf, Thomson Locations: Paris, France, Germany, Bavaria, Hesse, Europe, Texas, Mexico, Italy, Tesla's Gigafactory Berlin, Brandenburg, Austin, Texas Gulf Coast, Boca Chica, Brownsville, U.S

☆ Elon Musk wades into US immigration debate at Texas-Mexico border
▼ + stars: | 2023-09-29 | by ( Brian Snyder | ) www.reuters.com time to read: +3 min

REUTERS/Daniel Becerril Acquire Licensing RightsEAGLE PASS, Texas, Sept 28 (Reuters) - Billionaire Elon Musk waded into the U.S. immigration debate on Thursday, paying a visit to the Texas border with Mexico to meet with local politicians and law enforcement and obtain what he called an "unfiltered" view of the situation. The sharp increase, notably around San Diego, California, and the Texas border towns of El Paso and Eagle Pass, follows an earlier lull in unauthorized border crossings following a new asylum policy imposed by Democratic President Joe Biden's administration to discourage such activity. Musk, a native of South Africa, noted his own status as an "immigrant to the United States" and called himself "extremely pro-immigrant." In the 4-minute video clip, he introduced U.S. Representative Tony Gonzales, a Republican from Texas whose district spans more than 800 miles of the border, who welcomed Musk and said people along the Texas border "really feel abandoned." Reporting by Brian Synder in Eagle Pass, Texas; Writing and additional reporting by Steve Gorman in Los Angeles; Editing by Scott Malone and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Daniel Becerril, Billionaire Elon, Musk's, Joe Biden's, Musk, Florida Governor Ron DeSantis's, Benjamin Netanyahu, Tony Gonzales, Brian Synder, Steve Gorman, Scott Malone, Michael Perry Organizations: Elon, SpaceX, Tesla, REUTERS, PASS, Billionaire, Democratic, Texas National Guard, Florida Governor, Republican, Twitter, Russia, Space X, Texas Gulf, Thomson Locations: Rio, Eagle, , Texas, U.S, Piedras Negras, Mexico, Texas, Texas , Arizona, California, United States, San Diego , California, El Paso, Rio Grande, South Africa, Gigafactory Texas, Austin, Texas Gulf Coast, Boca Chica, Brownsville, Eagle Pass , Texas, Los Angeles

☆ 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

Shivon Zilis was pictured alongside Elon Musk and their twins for the first time on Wednesday. Insider first reported that Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. AdvertisementAdvertisementGrimes, whose legal name is Claire Boucher, said on X that communication about Zilis' twins "wasn't handled super well." Last week, in a since-deleted post on X Grimes accused Zilis of blocking her on social media. The Neuralink director has also taken to posting about her children in recent months.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Justine, Grimes, He's, he's, Tesla, Justin Sullivan, Ray Kurzweil, I've, Sam Altman, OpenAI's, Jonathan Raa, Neuralink, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis, Claire Boucher, wasn't, Musk's, X Grimes, Tau, ftw Organizations: Service, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, Getty, Food and Drug Administration, California, Twitter, SpaceX Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ Tesla is reportedly under investigation by the DOJ and SEC over its mysterious 'Project 42'
▼ + stars: | 2023-08-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is facing a federal probe over its mysterious "Project 42," The Wall Street Journal reported. The SEC is also investigating whether the project involved using company funds for CEO Elon Musk's personal benefit, the Journal said. The project is internally believed to involve building a glass house for Musk, the Journal previously reported. It can be illegal to use company funds for personal expenses — especially when dealing with a publicly traded company. It's not clear if the building project is still in the works, or whether the glass order was ever delivered, the Journal reported on Wednesday.

Persons: Tesla, Elon, Musk, Elon Musk, Omead Afshar, Afshar, It's Organizations: Street Journal, SEC, Morning, Elon, Wall Street, US, Office, Southern, of New, Bloomberg, The Securities, Exchange Commission Locations: of New York, Tesla's gigafactory, Austin , Texas, Texas

☆ It looks like Tesla's Cybertruck might be a fingerprint magnet due to its stainless steel body
▼ + stars: | 2023-08-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Photos of the Tesla Cybertruck show the stainless steel truck appears to smudge easily. Stainless steel appliances are known to be magnets for fingerprints and smudges. The Tesla Cybertruck appears to smudge easily, photos of the electric pickup truck show. The vehicle's stainless steel body could make it prone to smudges and extra finger prints — an issue that is commonly seen with stainless steel appliances. The Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1983.

Persons: smudge, Tesla, Getty, Tim Conn, Tesla's, Insider's Nora Naughton, Elon Musk Organizations: Twitter, DMC, DeLorean Locations: California, Texas

☆ Look closely: Tesla workers appear to flash a hand signal for the Cybertruck
▼ + stars: | 2023-07-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Workers flashed a hand signal in a photo with Tesla's first Cybertruck built at its Austin factory. The photo shows several workers using their thumb and index finger to make an angular shape. Tesla workers appear to have created a hand signal in honor of the EV company's Cybertruck. Pictures of the workers' hand signals quickly took off on Reddit and in a Tesla Motors Club thread. Dozens of Tesla workers made the hand signal in a photo that was posted on the company's Twitter account.

Persons: Twitter Tesla, Elon Musk, Tesla, Franz von Holzhausen, Insider's Nora Naughton Organizations: company's, Tesla Motors, Twitter, Elon Locations: Austin, Austin , Texas, Texas

☆ Tesla starts to lay off some workers at China factory - Bloomberg News
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowJuly 7 (Reuters) - Electric car maker Tesla Inc (TSLA.O) is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It was not clear how many workers may be let go, or the specific reasons behind the layoffs, according to the report. The layoffs were first reported by a local online news portal, Deep Analysis, on Thursday, which said that less than 1,000 workers were employed on the factory's two battery production lines. Tesla's Gigafactory Shanghai, its largest and most productive plant, employs around 20,000 workers, including those in assembly building the Model Y and Model 3. Reporting by Shubhendu Deshmukh in Bengaluru, Zhang Yan and Brenda Goh in Shanghai; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Shubhendu Deshmukh, Zhang Yan, Brenda Goh, Himani Sarkar Organizations: Tesla, Tesla Inc, Bloomberg, Thomson Locations: Shanghai, Bengaluru

☆ 10 Things in Tech: Apple's big metaverse push
▼ + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.

Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai

☆ Elon Musk wrapped up his first visit to China in years. Here's what the Tesla CEO was up to
▼ + stars: | 2023-06-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

His first visit in 3 years saw the Tesla CEO meet with top government officials and speak to staff at the Shanghai Gigafactory. Tesla opposes "decoupling" and is willing to continue to expand its business in China, the statement said. On Wednesday, Musk met with Jin Zhuanglong, China's minister of industry and information technology. On Thursday, Musk met with Chen Jining, the Shanghai party secretary. Musk visits the Shanghai Gigafactory

Persons: Elon Musk, Ding Ting, Musk, Qin Gang, Qin, Tesla, Jin Zhuanglong, Chen Jining, Tesla's, Chen, Ding Xuexiang, Ding, Xi Jinping, Xi, Zeng Yuqun, Zeng, CATL Organizations: Xinhua News Agency, Getty, Musk, Reuters, EV, CATL, CNBC, Bloomberg, Shanghai Locations: China, Shanghai, U.S

☆ Musk's China visit ends with burgers for 100 Shanghai Tesla workers — and favor from Beijing as state-affiliated media showcases trip on Twitter
▼ + stars: | 2023-06-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Elon Musk's surprise trip to China ended with burgers and soft drinks for Tesla staff in Shanghai. His trip was showcased on Twitter by Chinese state media. Elon Musk completed his whistle-stop tour of China by treating workers at Tesla's Shanghai plant to burgers and soft drinks, with his visit being showcased on Twitter by China's state-affiliated media. A video published online by Tesla's China team, seen by Insider, showed Musk delivering a speech to a crowd of workers at his Shanghai plant. Elon Musk visited workers at Tesla's Shanghai gigafactory after first China trip in three years.

Persons: Elon Musk's, Elon Musk, Tesla's, China Grace Tao, Grace Tao, Weibo Musk, Jack Ma, Zeng Yuqun, Tesla, Musk Organizations: Twitter, Bloomberg, Tesla's, Global Times, Communist Party's, Shanghai gigafactory Locations: China, Shanghai, Tesla's China, Beijing

☆ Twitter employees nicknamed a Tesla executive 'the Elon whisperer' because of his ability to read Elon Musk's mood, report says
▼ + stars: | 2023-03-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Twitter staff nicknamed a Tesla exec "the Elon whisperer" because of his ability to read Elon Musk's mood. Omead Afshar, the Tesla exec, joined Twitter late last year, according to the Financial Times. Omead Afshar, who once led Tesla's Gigafactory in Austin, joined Twitter last year and is part of Elon Musk's tight inner circle, according to the Financial Times. Afshar has been helping Musk with "the biggest, stickiest issues at the company," according to the report. According to The Information, Musk's company is at least $70 million behind on a five-year contract it signed with Amazon Web Services in 2020.

☆ Elon Musk's new Master Plan for Tesla should've introduced cheap EVs. Instead, we got a whole lot of nothing.
▼ + stars: | 2023-03-02 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

The world is waiting for cheap EVs, but Tesla isn't ready to deliver — yet. Elon Musk's EV company held an Investor Day in Texas that had everything but cheap EVs. He needs one now — and fast — as competitors are putting the pedal to the metal in their own quests for low-cost EVs. On the investor front, low-cost EVs help make Tesla a truly global phenomenon. But the lack of any firm details on a cheap EV made for a puzzling omission from what was meant to be a showcase of Tesla's offerings.

☆ Tesla's investor day brings hopes Elon Musk will reveal cheap cars, robotaxis, and a new Master Plan. Here's what people are watching for.
▼ + stars: | 2023-03-01 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Hopes are building for big announcements from Elon Musk and Tesla at its investor day Wednesday. Master Plan 3, robotaxis, cheap EVs and solar power are thought to be high on Musk's list. Speaking on CNBC's "Squawk on the Street" on Monday, Ark Invest CEO and Tesla backer Cathie Wood said this would be a cornerstone of the Investor day. Solar PowerTesla may also continue to build out its symbiotic relationship with renewable energy generation at its investor day, targeting sustainable sources to pump electricity into its vehicles. In a tweet last month, the company teased the idea of a Tesla ecosystem: energy generation, energy storage & electric vehicles.

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