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☆ Fisker warns staff they could get laid off in 2 months
▼ + stars: | 2024-04-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Fisker warned staff of potential layoffs in two months, according to 3 employees and an email viewed by BI. Fisker announced a 15% staff cut earlier this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFisker sent staff a notice on Monday telling them they could be laid off from the company in two months, according to 3 employees and an email viewed by Business Insider. AdvertisementThe three current employees told BI that everyone they had spoken to at Fisker said they had received the notice.

Persons: Fisker, —, Henrik Fisker Organizations: BI, Service, Business, Worker Locations: Manhattan Beach , California, La Palma , California, Munich, Vienna

☆ 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'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 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ Ousted Tesla cofounder says a canceled $25,000 car could give China 'a chance to really spread'
▼ + stars: | 2024-04-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla cofounder Martin Eberhard expressed disappointment over a report of Tesla canceling its $25,000 EV plans. AdvertisementTesla cofounder Martin Eberhard said a report that the electric-car maker has canceled a $25,000 EV could give China a boost. The billionaire also said Tesla plans to unveil its first robotaxi later this year. The carmaker has been facing pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller . Earlier this week, the Tesla CEO said "Chinese car companies are by far the most competitive."

Persons: Tesla, Martin Eberhard, Elon Musk, Eberhard's, —, Eberhard, Musk, Nicolai Tangen, Eberhard butted Organizations: Service, HSBC Global Investment, Reuters, Elon, Norges Bank Investment Locations: China, Hong Kong

☆ Fisker Ocean reservation cancellations top 40,000 as the EV company tries to fight off bankruptcy, leaked data shows
▼ + stars: | 2024-03-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date, according to internal company metrics viewed by Business Insider. The reservation cancellations pose an issue for the company, representing potential sales slipping away during a time when the company desperately needs to generate more revenue. The company said a reservation "will hold your approximate spot in our order queue to purchase your Fisker EV." Related storiesThe company also has a few thousand order cancellations, according to the data viewed by BI, which are different than reservations and not fully refundable. The Fisker CEO and Danish car designer's previous startup, Fisker Automotive, filed for bankruptcy protection in 2013.

Persons: —, Fisker, Henrik Fisker's Organizations: Service, Business, BI, Fisker Automotive

☆ Neuralink patient said he asked about reports of botched brain-chip surgeries on monkeys
▼ + stars: | 2024-03-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewNeuralink's first patient, Noland Arbaugh, said he did his research before he decided to get the brain implant, including looking into the reports of animal testing gone awry. AdvertisementBefore Elon Musk's company Neuralink began human testing, the company shared demos of monkeys and pig test subjects using the implant. "No monkey has died as a result of a Neuralink implant," Musk wrote on X in September. "It's hard to describe something in your brain," Arbaugh said. Neuralink began recruiting for human trials last year and unveiled its first human patient earlier this month.

Persons: —, Noland Arbaugh, Arbaugh, Neuralink, Elon, UC Davis, Musk Organizations: Service, Business, UC, Reuters, US Department of Agriculture, Wired

☆ The real reason Tesla may be giving free trials of its Full Self-Driving software
▼ + stars: | 2024-03-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla is offering a free monthlong trial of its Full Self-Driving software. FSD adoption could significantly increase Tesla's profit margins and improve the software. Tesla CEO Elon Musk announced on Monday that the electric carmaker would offer its US customers a free trial of the driver-assist software starting this week. "All US cars that are capable of FSD will be enabled for a one month trial this week," Musk wrote on X. Advertisement"Almost no one actually realizes how well (supervised) FSD actually works," Musk wrote in the email.

Persons: Tesla, —, Elon Musk, Musk, FSD, Brett Winton, Cathie Wood, I'm, I've Organizations: Service, Business, ARK Invest, Tesla, National, Traffic, Administration

☆ Watch Neuralink's first human patient play 'Mario Kart' with his mind
▼ + stars: | 2024-03-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Neuralink shared a video of its first human patient appearing to play "Mario Kart" with his mind. AdvertisementNeuralink has shared a video that appeared to show its first human patient using his brain-chip implant to play "Mario Kart." During an all-hands meeting with Neuralink staff, the company brought its first patient, 29-year-old Noland Arbaugh, onstage to describe the brain chip's capabilities. At the all hands, Neuralink showed a split-screen video of Donkey Kong and Bowser racing in the Mario Kart game. Hope y'all enjoy!… pic.twitter.com/YNa2Jtjhnk — Noland Arbaugh (@ModdedQuad) March 22, 2024The Neuralink worker also showed a separate video of Arbaugh playing "Mario Kart" alongside his father.

Persons: Neuralink, Mario, Noland Arbaugh, Arbaugh, —, Mario Kart, Bliss Chapman, he'd, Donkey Kong, Bowser, Chapman, Hope y'all, YNa2Jtjhnk — Noland Arbaugh, " Chapman, he's Organizations: Service, Donkey, Mario Kart, BCI

☆ It's hard to compete with Elon Musk when recruiting AI talent, CEO says
▼ + stars: | 2024-03-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Perplexity CEO Aravind Srinivas said Elon Musk's xAI is stiff competition in the recruiting space. The AI CEO said Musk's company offers the highest compensation at the moment. Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting. Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. In January, Financial Times reported that Musk's AI venture was in talks to raise $6 billion at around a $20 billion valuation.

Persons: Aravind Srinivas, Elon Musk's, It's, —, Elon Musk, Tesla, Musk, Srinivas, OpenAI, Alex Heath, Perplexity, Heath, OpenAI's ChatGPT, xAI's, Patrick Collison, Collison, Srnivas, he'd, Mark, Fortune, X Organizations: Service, OpenAI, Street Journal, Financial Times, xAI, TechCrunch, Twitter, SpaceX, Musk .

☆ Tesla engineers break down what it's like to interview at Elon Musk's car company
▼ + stars: | 2024-03-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

10 Tesla engineers broke down the process and gave tips for getting a job at Musk's company. But engineers at Tesla say it's no small feat to land a role at Elon Musk's most well-known company. Business Insider spoke with 10 current Tesla engineers about what it takes to work at the company. Advertisement"Sometimes it really is who you know at Tesla," said one engineer who has worked at the company for six years. AdvertisementSome Tesla engineers said they spent over 40 hours preparing for the presentation over the course of several weeks.

Persons: Tesla, Elon Musk, —, Elon Musk's, Musk, who've, Justin Sullivan, it's, JOHN THYS, who'd Organizations: Service, Elon, Business, BI, Tesla

☆ Look closely: Tesla's video celebrating a Mustang EV using its Supercharger hides a potential pain point for other drivers
▼ + stars: | 2024-03-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.

Persons: —, Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, — Locations: New York

☆ How to get hired at Tesla: Engineers can face up to 9 interviews, a 6-hour panel, and a letter to Elon Musk
▼ + stars: | 2024-03-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Tesla's hiring process can involve up to 9 interviews, a presentation, and sometimes a letter to Elon Musk. 10 Tesla engineers broke down the process and gave tips for getting a job at Musk's company. But engineers at Tesla say it's no small feat to land a role at Elon Musk's most well-known company. Business Insider spoke with 10 current Tesla engineers about what it takes to work at the company. AdvertisementSome Tesla engineers said they spent over 40 hours preparing for the presentation over the course of several weeks.

Persons: Tesla, Elon Musk, —, Elon Musk's, Musk, who've, Justin Sullivan, it's, JOHN THYS, who'd Organizations: Service, Elon, Business, BI, Tesla

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