~businessinsider | Bookmarks (88)

Elon Musk is down half a dozen Tesla executives and leaders amid layoffs in the last month.

The Tesla CEO has gained around $36 billion in net worth over the last week, according to Bloomberg's Billionaire Index, after Tesla shares surged.

Tesla is set to unveil its robotaxi on August 8. Musk said he picked the date partly because it is a lucky number in China.

"We need to be absolutely hard core about headcount and cost reduction," Musk told Tesla executives in an email on Monday, per The Information.

Esther Crawford had spent over two years as Twitter's director of product management, where she oversaw projects like Twitter Blue and Spaces.

Elon Musk's weekend trip to Beijing resulted in a deal that brings the rollout of Tesla's autonomous driving technology in China one step closer.

Right now, CEOs are betting big on AI, pouring vast amount of resources and money into the technology. But the returns, they say, will come later.

Tesla is in trouble: sales are falling and competition from China is ramping up. It's clear Elon Musk can't fix the company, it needs a new CEO.

"Musk even said 'I love you, you know that?' when we made a video call," the woman told South Korean broadcaster KBS.

Musk's rocket company, SpaceX operates a satellite internet system called Starlink. Musk says he hopes to send up to 42,000 satellites into space.

Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in "duplication of roles and job functions in certain areas."

Elon Musk teased a cheaper Tesla a few months ago. But the company has now shifted its priorities to robotaxis amid slow sales and declining revenue.

"Looking ahead to Tesla's 1Q results (after Tuesday's close) investors are starting to ask: 'Is it time to sleep on the floor again?'"

Elon Musk's $47 billion pay package was struck down by a judge in January after a shareholder's lawsuit argued it was excessive.

A man told KVUE that he was hired to work at Tesla's Texas plant a few weeks ago, but was impacted by the recent layoffs.

An internal memo, obtained by Business Insider, describes new times for some production line shifts at the Austin gigafactory.

Six people who transformed their finances by secretly working multiple remote jobs share why they don't think they did anything wrong.

Elon Musk may have a point about the actions of Brazil's supreme court over concerns about content moderation.

Chinese tech firm Xiaomi is using a manufacturing process to produce its new EVs that was once pioneered by Tesla.

The 2024 Tesla Model 3 has improvements from the outgoing model, but it's no longer eligible for the $7,500 federal tax credit.

Emad Mostaque and Elon Musk think being in charge is terrible. It could be one reason why we're seeing higher CEO turnover in the US.

Three of Meta's senior AI employees announced their depatures last week as Mark Zuckerberg tries to woo Google's DeepMind researchers.