Home / Tag Archives: Tesla

Tag Archives: Tesla

Tesla Shares Slide After Resignations

Elon Musk Smiling Head shot

Tesla shares plummeted Friday after two executives announced their departures from the company and video of chief executive Elon Musk smoking marijuana and drinking whiskey on a popular podcast began to circulate on social media. The resignations of Tesla’s accounting and HR chiefs were just the latest in a string …

Read More »

Musk: Tearful Talk of Tesla Turmoil Toll

Elon Musk Boring Co.

Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.” The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car …

Read More »

Musk Comments Unrelated to Business Hurt Tesla Shares

Elon Musk Boring Co.

Over the weekend, Tesla CEO Elon Musk, long known for mounting blistering attacks on detractors, went off the deep end, as it were. Vernon Unsworth, a British diver involved in the rescue of a dozen Thai children trapped in a flooded cave, had the audacity to critique Musk’s mini-sub, a …

Read More »

Tesla to Build Factory in China

Tesla Headquarters Palo Alto

Tesla is planning a factory in China with a capacity for 500,000 vehicles a year, its biggest step beyond the U.S. so far, Bloomberg reported Tuesday.  Tesla is due to sign a memorandum of understanding with local entities in Shanghai, the people said, asking not to be identified as the …

Read More »

Report: Tesla Will Close a Dozen Solar Facilities

Tesla Headquarters Palo Alto

The sun is not shining on Tesla lately. The electric car maker’s decision last week to cut nearly 10 percent of its workforce will drastically shrink its residential solar business, the division once known as Solar City, according to internal documents and several current and former employees interviewed by the …

Read More »

Musk: Tesla Sabotaged

Tesla Factory

Tesla CEO Elon Musk told employees in an email that a disgruntled employee has admitted committing sabotage at the company’s Fremont, Calif., auto plant. Tesla has been struggling to meet production demands for its Model 3 sedan, and scrambling to get production to 5,000 a week by early July. Musk …

Read More »

Tesla Cutting Nearly 10 Percent of Workforce

Tesla Headquarters Palo Alto

Tesla is cutting about 9 percent of its workforce, mostly among its salaried staff, CNBC reported today. Tesla is trying to boost Model 3 production to get to 5,000 cars per week by the end of the month after struggling to meet production goals. The company currently employs about 46,000 …

Read More »