Latest in Tag: Tesla Highlight

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Latest in Tag: Tesla


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Tesla announces it will lay off 7 percent of its workforce

CEO Elon Musk said that the electric car maker plans to cut roughly 3,000 jobs, prompting another sharp dip in share prices. Tesla is struggling in the US as the government rolls back a tax credit for buyers.Tesla told its employees on Friday that it must cut 7 percent of its workforce. Shares of Tesla …

Deutsche Welle

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Tesla public or Tesla private. Which way forward?

Elon Musk has once again caused a whirlwind of speculation with a few tweets. Afterwards Tesla stock rose and trading was halted for around two hours. Only Donald Trump can move markets more.On Tuesday, Tesla CEO Elon Musk, posted a two sentence missive saying that he was “considering taking Tesla private” which would transform the …

Deutsche Welle

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Tesla slashes 3,000 jobs in cost-cutting endeavor

US electric carmaker Tesla has announced it will cut about 9 percent of its global workforce to enhance profitability. CEO Elon Musk insisted that Model 3 production would not be affected by the move.Chief Executive Elon Musk said Tuesday his company was cutting some 9 percent of jobs across the company. Tesla’s latest annual filing …

Deutsche Welle

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Tesla to build its second Gigafactory in Shanghai

Tesla has revealed plans to shareholders that it’s working with Chinese officials to build electric cars and battery packs in Shanghai. The carmaker had looked for a location for its first Gigafactory outside the US.Tesla’s head of worldwide sales, Robin Ren, disclosed the planned location of the carmaker’s second Gigafactory while CEO Elon Musk answered …

Deutsche Welle

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Tesla in recall to fix parking brake issue

The company, founded by Elon Musk, has confirmed it will send out an official notice to all customers affected by the issue. Tesla confirmed there were no accidents or injuries connected with the recall.Tesla issued a global recall on 53,000 Model S and Model X cars to address a parking brake problem, which could prevent …

Deutsche Welle

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Tesla shares flying on surprise profit

Tesla shares have gained more than seven percent after the electric-car and battery maker reported its first quarterly profit in three years and said it was on track to meet its delivery targets for the year.

Deutsche Welle

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