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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
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
Elon Musk has been urged to lay out a vision for Tesla as senior staff leave amid layoffs. AdvertisementElon Musk must set out a vision for Tesla after investors were spooked by high-profile departures amid layoffs, an analyst has said. Tesla stock fell 5.6% on Monday after Elon Musk announced over the weekend that more than 10% of its workforce would be laid off. Those departing Tesla worked on critical projectsBoth Baglino and Thurston worked on critical projects at the Texas factory. In an X post earlier this month, Musk said Knight was "going to join OpenAI, so it was either xAI or them."
Persons: Elon Musk, Tesla, Musk, , Elon, Dan Ives, Ives, Drew Baglino, he'd, Rohan Patel, Anthony Thurston, Electrek, Thurston, Fred Lambert, Amir Mirshahi, Zachary Kirkhorn, Tesla's, Ethan Knight, Musk's, Knight Organizations: Service, Elon, Energy, Tesla, Business, OpenAI Locations: Texas
Tesla said on Friday that it's cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay $99 per month, down from $199 previously. "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval," Musk wrote on Twitter, now known as X, on May 18, 2020. Despite its brand name, the company's FSD option today doesn't make Tesla vehicles autonomous or functional as robotaxis. Tesla didn't respond to a request for more information, including whether the price cut announced Friday is permanent or temporary.
Persons: Tesla, Elon Musk, Musk, Uber, Bill Gates, Amazon's, FSD, didn't Organizations: Twitter, California Department of Motor Vehicles, Companies, Tesla Locations: U.S, China, Guangzhou, North America
Musk hinted at his plans in a brief post late Friday afternoon on X, writing: "Tesla Robotaxi unveil on 8/8." Musk has talked about a robotaxi service for years. In 2019, he discussed plans to launch a robotaxi fleet using Tesla vehicles that people had leased and then returned. Musk has also talked about a robotaxi service with decentralized ownership, in which Tesla owners could rent out their cars for fares. Amazon subsidiary Zoox has said it has authorization from Nevada to operate a robotaxi service, which hasn't launched.
Persons: robotaxis, Tesla, Elon Musk, Brad Templeton, Templeton, Cruise, Musk, Zoox, hasn't, Eli Rohl Organizations: The California Department of Motor Vehicles, California Public Utilities Commission, NBC, DMV, Google, General Motors, Phoenix, Toyota, Car Dealers Association, Reuters, Cruise, Transportation Department, Nevada DMV, The, The Nevada DMV, California DMV Locations: California, San Francisco, Los Angeles, leaseholders, Arizona, Nevada, The Nevada
Tesla is going to trial over a wrongful-death lawsuit brought by the family of Walter Huang. The family alleges that flaws in Tesla's Autopilot system caused the 2018 crash that killed Huang. Walter Huang's Tesla Model X crashed in March 2018 in Mountain View, California. Days after the fatal crash, Tesla said in a blog post that Huang "received several visual and one audible hands-on warning earlier in the drive." Tesla also wants to call the engineer to testify during the trial, but Huang's family opposes it.
Persons: Tesla, Walter Huang, Huang, , Bryant Walker Smith, who's, Smith, who've, Mark Fong, Walter Huang's Tesla, inattention, Huang Tesla, Tesla didn't, Getty Tesla Organizations: Service, Apple, Elon, Court, University of South, Tesla, Associated Press, NTSB, National Transportation Safety Board, Business, Chicago Tribune, Getty, National, Traffic, Administration Locations: California, California's Santa Clara, University of South Carolina, View, Huang's, Mountain View , California
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.
Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware
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 shared a video of a Cybertruck scaling a difficult off-road trail in Utah. The electric truck, which was shown with a driver inside, conquered the off-road trail known as Hell's Revenge in the video. Travel site Utah.com describes Hell's Revenge as having "steep climbs, descents, and some edges that are not for the faint of heart." Morrill said navigating Hell's Revenge with the tri-motor EV, called Cyberbeast, is "like off-roading in easy mode." The Cyberbeast truck managed to drive 318 feet with the sled, while the Ford truck got up to 263 feet.
Persons: Tesla, Cybertruck's, Wes Morrill, , Morrill Organizations: Service, Ford, Business Locations: Utah
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
GM CEO Mary Barra said at the time that her company expected to save up to $400 million of a planned investment in building out EV charging stations. "People shopping for a Tesla aren't typically cross-shopping at Kia, Ford, or Mercedes-Benz dealers because they simply want a Tesla," Fiorani wrote. "Tesla is not afraid to use government regulations for income and has been working all possible revenue streams for much of its existence," Fiorani wrote. Tesla reports charging revenue with its "Total automotive & services and other segment revenue." WATCH: Tesla charging connector is on pace to become the North America EV standard
Persons: Jim Farley, Tesla, Mary Barra, Elon Musk, Sam Fiorani, Fiorani, AutoForecast, Biden's, hasn't, William Navarro Jameson Organizations: Ford, LinkedIn, Ford EV, General Motors, Canada, AutoForecast Solutions, Tesla, Kia, Benz, North America EV Locations: North America, U.S
Six years ago, Elon Musk hyped a next-generation Roadster, the name of Tesla's debut car from 2008. A refreshed version was never produced, but Musk is once again promising a new Roadster is on the way. "Tonight, we radically increased the design goals for the new Tesla Roadster," Musk wrote on X as part of a series of posts Tuesday night. Musk first promoted the next-generation Roadster concept in June 2018 in a series of tweets. He said at that time, "SpaceX option package for new Tesla Roadster will include ~10 small rocket thrusters arranged seamlessly around car."
Persons: Elon Musk, Musk, Tesla, Musk's, BYD, Morgan Stanley Organizations: Tesla, SpaceX, Ferrari, China Passenger Car Locations: U.S, China
One owner even said they'd been warned when the truck was delivered that it could rust in the rain. "The advisor specifically mentioned the Cybertrucks develop orange rust marks in the rain and that required the vehicle to be buffed out," a member of the Cybertruck Owners Club forum wrote. Stainless is reactive and free iron that sits on it will rust," the Cybertruck engineer said. Demaree said the latter method appeared to do the trick but advised Cybertruck owners to be careful using the polish on the truck. Tesla delivered its first dozen on November 30, and several celebrities have been spotted with their own Cybertrucks in the months since.
Persons: , Wes Morrill, they'd, Morrill, Tesla, Elon Musk, Justin Demaree, Guy, he'd, Demaree, It's Organizations: Service, Business, Cybertruck Owners, Tesla, YouTube, Delorean
SpaceX has filed to relocate its business incorporation from Delaware to Texas. The move follows a Delaware judge's decision to void CEO Elon Musk a $55 billion Tesla pay package. AdvertisementSpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported. SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge's decision to void his $55 billion Tesla pay package. "The public vote is unequivocally in favor of Texas," Musk wrote on February 1.
Persons: Elon Musk, , Musk, B7FLByL2dY — Elon, Tesla, Charles Elson Organizations: SpaceX, Service, Texas, State, Bloomberg, Diamond State, Business, Weinberg, Corporate, University of Delaware, Wall Street Locations: Delaware, Texas, Neuralink, Nevada, it's, Brownsville, Austin, Silicon Valley
Your next Tesla could be made by China
  + stars: | 2024-02-14 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
Elon Musk invited the suppliers to Mexico as part of plans for cheaper Teslas, Bloomberg reported. That move could be stoking concerns among US officials and EV makers over China's influence. China has a "highly organized, highly efficient supply chain," Venkatesh Prasad, chief innovation officer at the Center for Automotive Research, told Bloomberg. AdvertisementTesla, which also makes cars in the US, and other US-based EV makers may also be feeling the heat from competitors. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, told Bloomberg.
Persons: Elon Musk, , Tesla's, Venkatesh Prasad, Tesla, stoke, Katherine Tai, Tai, Biden, EVs, China's, Tesla's Musk, Mary Lovely Organizations: Bloomberg, Service, Center for Automotive Research, Business, Trump, Chinese Communist Party, US Trade Rep, Nikkei, EV, Peterson Institute for International Economics Locations: Mexico, Monterrey, Shanghai, Mexican, Nuevo Leon, Austin, China, Beijing, Washington, DC, United States
Read previewTesla was hit with a lawsuit on Tuesday that alleges the electric-car maker mishandled hazardous waste at its factories in California. District attorneys representing 25 counties in California filed the lawsuit in San Joaquin County Court and are requesting the court force Tesla to properly take care of its hazardous waste going forward and pay a series of civil penalties. Tesla disposed of hazardous waste into trash sites "not permitted to accept hazardous waste" and "failed to properly mark, label, and store containers and tanks of hazardous waste" at its facilities, according to the lawsuit. The lawsuit also alleges Tesla didn't properly train its employees on how to deal with hazardous materials. In 2019, Tesla paid the Environmental Protection Agency a $31,000 settlement over alleged hazardous waste violations at the Fremont Factory.
Persons: , Tesla, It's, Elon Musk's Organizations: Service, San Joaquin County Court, Business, Reuters, Environmental Protection Agency, Fremont Factory, Elon Musk's The Boring Company, Texas Commission Locations: California, San Joaquin County, Texas, Bastrop , Texas, Colorado
Elon Musk told Tesla investors the Optimus robot lab looks like something out HBO's "Westworld." Musk recently posted a video of its Optimus lab showing a robot folding a shirt. AdvertisementElon Musk said Tesla's humanoid robot lab looks like something out of the HBO drama "Westworld." The caption says the Optimus lab team is made up of "roboticists" including engineers, technicians, actuator designers and robot design modelers. While little detail is known about the Optimus lab, Tesla was hiring for more than 50 robotics roles last year and many of the jobs were based in Palo Alto, California, its careers page showed.
Persons: Elon Musk, there's, Musk, , he's, Tesla, Drew Baglino, 3F5o3jVLq1 — Elon, Optimus Organizations: Optimus, Service, YouTube, Investors, Business Locations: Palo Alto , California
Elon Musk has been bigging up Tesla as a robotics powerhouse, highlighting its humanoid bot, Optimus, as a gleaming example of its sophisticated technology. It's possible, however, that Musk is being a tad over-optimistic in his humanoid robot ambitions, particularly regarding its delivery timeline. In true Musk fashion, he made some grand claims about Optimus in the investors' call. It's the most sophisticated humanoid robot that's been developed anywhere in the world." He said, "It should be impossible for any centralized control to upload malware to a humanoid robot."
Persons: Elon Musk, Tesla, there's, Optimus, Walter Isaacson, Musk, Tesla's, Brett Adcock Organizations: Service, Business, SpaceX, Optimus, German, BMW, Robotics, Amazon, Tesla Locations: Mars
Tesla is taking the Cybertruck on a tour of China, per a company WeChat post reported by Reuters. However, it's unlikely to be on sale in China soon, with Elon Musk saying it'll be hard to make legal. It comes as Tesla tries to fight off a new wave of competition from Chinese EV makers such as BYD. Elon Musk's company is taking the Cybertruck on a tour of China to show off its futuristic pickup, according to a company post on WeChat reported by Reuters . Elon Musk has previously hinted at the plan, posting on X on Sunday that Tesla could ship some Cybertruck prototypes to China for display.
Persons: Tesla, Elon Musk, , Elon, Frederic J . Brown, Warren Buffett, Xiaomi, Musk Organizations: Reuters, Service, Elon Musk's, Geely, Huawei, New York Times, Business Locations: China, North America, AFP
Elon Musk believes that Tesla has the "best real-world AI," which powers its self-driving tech. Whistleblower Lukasz Krupski told BBC News that the Autopilot feature wasn't ready for public use. "It affects all of us because we are essentially experiments in public roads," he told BBC News. A lawyer representing Tesla told the newspaper that Krupski was a "disgruntled former employee," and said he abused his position to release the material. Some documents leaked to The Handelsblatt had recorded accidents that occurred when using Tesla's Autopilot feature, first released in 2015.
Persons: Elon Musk, Tesla, Lukasz Krupski, , Elon, doesn't, Krupski, Kruspki, he'd Organizations: BBC News, Service, Tesla, New York Times, BBC, Business Locations: Oslo, Norway
Circuit Judge Reid Scott rejected Tesla's motion to summarily dismiss Kim Banner's lawsuit accusing the company of causing her husband Jeremy Banner's death in 2019. In a 23-page ruling, Scott found that Kim Banner's attorneys presented sufficient evidence to let the case proceed to trial sometime next year. But Scott agreed that Banner's attorneys had provided enough evidence for the case to proceed. The board said Tesla's Autopilot should have safeguards that don't allow the system’s use on highways that have cross-traffic. The car should also make certain drivers using Autopilot remain engaged with their hands on the wheel.
Persons: , Tesla, Elon Musk, Judge Reid Scott, Kim, Jeremy Banner's, Scott, Whitney Cruz, Trey Lytal, Jeremy Banner, ” Lytal, Musk, , Reid, Banner, Kim Banner Organizations: Associated Press, National Transportation Safety Board, NTSB Locations: FORT LAUDERDALE, Fla, Florida, Beach
YouTuber Sandro van Kuijck took his Model X on a road trip to Alaska. AdvertisementA YouTuber took his Tesla on a road trip to Alaska through a 320-mile stretch of remote highway. AdvertisementSandro van Kuijck took his Model X to Alaska for a 9-day trip. Courtesy of Sandro van KuijckDespite his experience with traveling with an EV, van Kuijck said his trip wasn't without some hiccups. Sandro van Kuijck has been living in his Model X for the past year.
Persons: YouTuber Sandro van Kuijck, Van Kuijck, , Tesla, Sandro van Kuijck, YouTuber, van Kuijck, he'd, Sandro van Kuijck Van Kuijck Organizations: Service, EV, Alcan Locations: Alaska, Oregon
Circuit Court of Appeals threw out a 3-2 decision issued last year by the National Labor Relations Board, which had said Tesla couldn’t prohibit union attire. The court opinion noted that Tesla allowed workers to affix “any number or size” of pro-union stickers to company-issued clothing. “We may have concluded differently had Tesla prohibited union insignia," read the opinion issued Tuesday by a unanimous panel of three 5th Circuit judges. The opinion comes as the 5th Circuit prepares for arguments in another union-related matter involving Tesla, NLRB and the assembly plant in Fremont, California. But that order was vacated after the full 5th Circuit, currently with 16 full-time judges, voted to hear the matter.
Persons: Tesla, didn't, , Jerry Smith, Elon Musk, Musk, Smith, Ronald Reagan, Leslie Southwick, George W ., Stephen Higginson, Barack Obama Organizations: ORLEANS, United Auto Workers, U.S, Circuit, National Labor Relations Board, Associated Press, UAW, NLRB, Twitter Locations: California, Fremont , California
Elon Musk must deliver on ambitious Tesla projects to justify its stock price, HSBC analysts said. Musk has made big promises including to release its humanoid robots and building a supercomputer. AdvertisementAdvertisementElon Musk's grandiose ideas for Tesla must come to fruition to justify its high-priced stock, HSBC analysts said. In recent years, the company has made bold pledges related to its plans for humanoid robots, a supercomputer, and fully self-driving cars. Musk is a "charismatic CEO with a cult-like following," the analysts said, adding that he also "feeds into the innovator narrative."
Persons: Elon, , Tesla, Musk Organizations: HSBC, Service, Reuters, Dojo
Elon Musk's desire to launch Tesla's humanoid robot, Optimus, by 2027 may be closer to reality. Tesla's website shows more than 50 adverts for roles with Tesla Bot in the title. AdvertisementAdvertisementElon Musk has high aspirations for Tesla's humanoid robot, Optimus. Some of the roles listed, which are to be based in Palo Alto, California, include "Humanoid Controls Engineer, Tesla Bot," "Systems Design & Integration Engineer, Tesla Bot," and various other Tesla Bot engineers. But with some US-based competitors already testing humanoid robots in warehouses, Tesla may have some catching up to do.
Persons: Elon, Tesla, , Elon Musk, Musk, Optimus, Apptronik, Jeff Cardenas Organizations: Service, Optimus, NASA, Robotics Locations: Palo Alto , California, . Texas, Oregon, Seattle
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