collective term for mining, iron industry and steel industry
Tesla could start selling Optimus robots by the end of next year, Musk says: Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as ...
reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
- Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.
- Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.
- Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.
- Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
Tesla to launch new models ahead of planned timeline, shares jump: Tesla said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% ...
reut.rs/3UektlH
Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
FAA probes union claims Boeing retaliated against two engineers in 2022: The Federal Aviation Administration said Tuesday it is investigating claims by a union ...
reut.rs/3xPFcoB
Tesla brings forward new models as profits halve : The EV maker brings forward launch plans for new models as profits drop by more than half.
bbc.com/news/articles/c72pvz18x4lo
Tesla cuts its car prices around the world after week of turmoil for the company: The company dropped its starting prices of its Model X, Model Y and Model S by ...
npr.org/2024/04/21/1246256484/tesla-car-price-cuts-elon-musk-cybertruck
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...
reut.rs/4b5CHwE
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Tesla Promises 'More Affordable Vehicles' and a 'Cybercab': Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more ...
wired.com/story/tesla-promises-more-affordable-vehicles-cybercab/
GM shared our driving data with insurers without consent, lawsuit claims: Motorists file class action alleging breach of contract and more after their premiums ...
theregister.com/2024/04/23/gm_insurance_class_action/
Toyota's scandal-hit Daihatsu aims to resume vehicle development this year: Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles ...
reuters.com/business/autos-transportation/toyotas-scandal-hit-daihatsu-aims-resume-vehicle-development-this-year-2024-04-24/
Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
On this episode of the Elon, Inc. podcast,we discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction ... Show more omny.fm/shows/elon-inc/the-most-important-earnings-of-elons-life
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
Tesla recently recalled almost 4,000 Cybertrucks, just months after the automaker began delivering the EVs.
Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
Tesla previews ride-hailing experience ahead of August robotaxi unveil: Tesla has shown off a preview of an upcoming ride-hailing feature in its app ahead of an ...
engt.co/3Jxf2JN
Tesla promises 'more affordable' cars after shelving all-new Model 2: Tesla said on Tuesday it would introduce "new models" by early 2025 using its current ...
reuters.com/business/autos-transportation/teslas-quarterly-revenue-falls-first-time-since-2020-2024-04-23/
Lockheed Martin beats Q1 profit estimates on strong demand: U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit ...
reuters.com/business/aerospace-defense/lockheed-martin-beats-q1-profit-estimates-strong-demand-2024-04-23/
General Motors beats quarterly results targets, raises forecast: General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised ...
reuters.com/business/autos-transportation/general-motors-beats-quarterly-results-targets-raises-forecast-2024-04-23/
Stock Markets Today: Gucci, BOE rate outlook, gold, Tesla: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-24/stock-markets-today-gucci-boe-rate-outlook-gold-tesla
Mercedes Is First Automaker to Sell Level 3 Autonomous Vehicles in the US: After securing permission to sell cars with advanced autonomous features in California ...
pcmag.com/news/mercedes-is-first-automaker-to-sell-level-3-autonomous-vehicles-in-the
Elon Musk's SpaceX seems to have a workplace injury problem: A new report found that employees are getting injured at higher rates than at other space companies
qz.com/elon-musk-space-x-injuries-earnings-layoffs-1851429089
Quick Glance: Injury Rates at SpaceX Exceed Industry Average
- Injury rates at SpaceX facilities surpassed industry average in 2023.
- Injuries at SpaceX locations worsened compared to 2022.
- Experts raise concerns about the quality of work at SpaceX.
- SpaceX and Musk have not publicly addressed safety record in detail.
Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India
cnbc.com/2024/04/24/elon-musk-teslas-entry-into-india-ev-market-is-good-news-mg-motor-india-.html
Quick Glance: Tesla's Impact on India's EV Market
- MG Motor India's CEO Emeritus Rajeev Chaba stated that Tesla's entry into India's EV market will level the playing field for all E-automakers.
- According to Bain & Company, EVs constitute around 5% of India's automobile sector.
- India's government aims to achieve 30% EV sales by 2030, a goal viewed as ambitious.
Tesla said it would introduce 'new models' by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce ... Show more
Tesla targeting about 400 voluntary job cuts in Germany: Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's ...
reuters.com/business/autos-transportation/tesla-aims-cut-400-jobs-germany-via-voluntary-programme-2024-04-23/
Wall Street is looking to Tesla's earnings for clues to Musk's plan to restore company's wild growth
apnews.com/article/tesla-future-sales-decline-robotaxi-artificial-intelligence-b60696cb69d7735983abcf51aee7f743
Tesla Earnings Report Could Add to Concerns About Its Strategy: The first-quarter results will very likely fuel worries that competitors will continue grabbing a ...
nytimes.com/2024/04/23/business/tesla-earnings-first-quarter-elon-musk.html
Quick Glance: Tesla Profit Decline Alarms Investors
- Tesla's profit fell by 55% in the first quarter due to tepid car sales.
- Revenue dropped by 9% to $21.3 billion.
- Price cuts and job layoffs indicate challenges in cost control.
- Investors concerned about Tesla's declining sales and profits.
The Subaru Legacy Is Being Discontinued After 36 Years: Mark the demise of another sedan—America must have its SUVs. A long Legacy is all that’s left.
thedrive.com/news/the-subaru-legacy-is-being-discontinued-after-36-years
Tesla’s earnings plunge, but the company promises cheaper car model: Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered ...
cnn.com/2024/04/23/business/tesla-report-earnings-result/
RTX beats estimates on military demand, aviation strength: Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates ...
reuters.com/business/aerospace-defense/rtx-profit-jumps-20-aviation-strength-military-demand-2024-04-23/
Quick Glance: RTX Exceeds Expectations Due to Strong Demand and Profits
- RTX, a key player in the aerospace and defense industry, outperformed earnings expectations in the first quarter. This was facilitated by high demand for missile defense systems and strength in the commercial aftermarket business.
- Pratt and Whitney, a subsidiary of RTX, saw a 23% increase in sales due to an ongoing inspection to check potentially flawed components in their geared turbofan engines. Despite new engine deliveries, Pratt's operating profit declined as new engines are often discounted to generate profits through aftermarket sales over the engine's lifecycle.
- Operating profit of RTX's defense sector, Raytheon, surged by 74%. This growth was supported by the popular Patriot defense system and profits from divesting the cybersecurity, intelligence, and services business. In the quarter, Raytheon secured a $1.2 billion order for German Patriot air and missile defense systems.
- The rising international demand for U.S. weaponry is a consequence of Russia's invasion of Ukraine, Chinese aggressions, and conflicts in the Middle East. Operating profits in Raytheon's defense sector increased by 74%, backed by the sought-after Patriot defense system and gains from selling the cybersecurity, intelligence, and services business.
UAW moving quickly after VW organizing win, union president says: United Auto Workers (UAW) President Shawn Fain is moving quickly in the union's sweeping ...
reuters.com/business/autos-transportation/uaw-moving-quickly-after-vw-organizing-win-union-president-says-2024-04-23/
Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations
reuters.com/business/autos-transportation/fisker-may-seek-bankruptcy-protection-30-days-if-unable-meet-debt-obligations-2024-04-23/
Tesla to lay off more than 3,000 employees in California, notices show: Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple ...
reuters.com/business/autos-transportation/tesla-lay-off-more-than-3000-employees-california-notices-show-2024-04-23/
What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.: The company is facing its greatest set of challenges since a series of unforced errors ...
washingtonpost.com/technology/2024/04/23/elon-musk-tesla-earnings-outlook/
🔊 Tesla CEO Elon Musk faces tough questions from investors amid challenges at the electric vehicle maker. Find out the latest on the Reuters World News podcast
reut.rs/4dlh6lY
Volkswagen holds keys to Porsche's race against Ferrari: Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its ...
reuters.com/business/autos-transportation/volkswagen-holds-keys-porsches-race-against-ferrari-2024-04-23/
VW workforce cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its workforce reductions with high severance payments ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
Renault expects its sales growth to accelerate this year as it launches a number of new models. The French firm posted a 1 ... Show more gateway.zscaler.net/auT
Morning Bid: Risk asset resilience, Indonesia's rate call: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-23/
Tesla sees biggest revenue drop since 2012 but company shares still surge: Shares are up despite a revenue decline of 9% after company said it expects to release ...
theguardian.com/technology/2024/apr/23/tesla-tsla-earnings-report-cybertruck
Elon Musk shares Tesla's EV outlook; promises Robotaxi, production of cheaper vehicles and Optimus robot to investors | Mint
livemint.com/companies/news/elon-musk-shares-tesla-ev-outlook-promises-robotaxi-production-of-cheaper-vehicles-optimus-robot-to-investors-ai-tech-11713927096973.html
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Hope for Strong Quarterly Results Drives Wall St Stocks
- Wall Street stocks saw an increase on Monday as investors anticipated a busy week of quarterly results from key companies to gain insight into the health of the U.S. economy.
- All 11 S&P 500 sectors experienced growth, with technology and financial stocks leading the gains.
- In addition to the outstanding corporate earnings, markets are also looking forward to the upcoming release of the PCE data in March later this week to further understand the monetary policy trajectory.
- Megacap growth stocks showed gains, including Alphabet, Amazon.com, and Apple, along with Nvidia's increase to recover from a previous decline.
Reuters World News: Ukraine's depleted army, and other top stories: Tensions mount inside Iran as crackdowns intensify on the streets.
reut.rs/4dcXIr2
Tesla profits tumble but shares rise on new vehicle plan: Elon Musk's once-dominant leadership in EVs faces more competition from rivals
gulfnews.com/business/retail/tesla-profits-tumble-but-shares-rise-on-new-vehicle-plan-1.1713928095769
Honda to build electric vehicles and batteries in Ontario, says source: Honda will build electric vehicles and their parts in Ontario with financial support from ...
reut.rs/3UrdpUj
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
- According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.
- The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.
- Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.
- The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
Linux is now an option for safety-minded software-defined vehicle developers: Increasingly, our cars will be controlled by a small number of powerful computers.
arstechnica.com/cars/2024/04/linux-is-now-an-option-for-safety-minded-software-defined-vehicle-developers/
The Mercedes G-Wagen, the ultimate off-road status symbol, goes electric: The Mercedes-Benz electric G-Wagen is an ultra-luxury off-roading SUV with 580 ...
theverge.com/2024/4/23/24134951/mercedes-g-wagen-electric-eqg-price-specs-photos
Buyer beware: Fake Samsung 1080 Pro 4TB SSD promising unbelievable 15.8 GB/s speeds for $43 is too good to be true
tomshardware.com/pc-components/ssds/buyer-beware-fake-samsung-1080-pro-4tb-ssd-promising-unbelievable-158-gbs-speeds-for-dollar43-is-too-good-to-be-true
Tesla reveals a new Model 3 Performance with more horsepower and faster acceleration
theverge.com/2024/4/23/24138352/tesla-model-3-performance-2024-horsepower-acceleration
Drivers, start your electric motors!: Imagine an auto race with speed but no engine noise. That battery-powered future is already here, with Formula E.
washingtonpost.com/climate-solutions/2024/04/23/electric-vehicles-motorsports-formulae/
Beijing powers up into car wars battleground: The Beijing Auto Show, the first since the pandemic, will be a battleground. Foreign automakers from Tesla to ...
reuters.com/breakingviews/beijing-powers-up-into-car-wars-battleground-2024-04-24/
Sandvik buys majority stake in China-based Suzhou Ahno: Sweden's Sandvik said on Tuesday it has agreed to buy a majority stake in China-based Suzhou Ahno ...
reuters.com/markets/deals/sandvik-buys-majority-stake-china-based-suzhou-ahno-2024-04-23/
Tesla launched a performance variant of its Model 3 compact sedan in the United States at $52,990, the electric vehicle maker's website showed on Tuesday. Show more
Tesla shares jump as launch of new models brought forward: The car marker's revenue fell in the first quarter, as it handed over fewer electric vehicles to ...
irishexaminer.com/business/companies/arid-41380858.html
The Aston Martin driver's collision with Daniel Ricciardo in China should be the last straw. www.thedrive.com/news/its-time-for-lance-strolls-f1-experiment-to-end
China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
cnbc.com/2024/04/24/chinas-xiaomi-is-selling-so-many-electric-cars-its-closer-to-breaking-even.html
Mercedes-Benz Trucks: Electric charging with 1,000 kilowatts of power: Developers at Mercedes-Benz Trucks recently developed the eActros 600 (range around 500 ...
stadt-bremerhaven.de/mercedes-benz-trucks-elektrischen-laden-mit-1-000-kilowatt-leistung/
Big-Name Distributor Caught Stealing Small Shop’s Part Design and Selling It on Summit
thedrive.com/news/big-name-distributor-caught-stealing-small-shops-part-design-and-selling-it-on-summit
Boeing expects slower increase in 787 production rate and deliveries, memo says: Boeing expects a slower increase in the production rate and deliveries of its ...
reuters.com/business/aerospace-defense/boeing-expects-slower-increase-787-rate-production-deliveries-memo-2024-04-22/
Quick Glance: Boeing: Decline of American Manufacturing
- Boeing's history reflects the decline of U.S. manufacturing over the past 30 years.
- Boeing's decision to outsource aircraft production resulted in significant issues and safety risks.
- A shift in mindset at Boeing and other companies could pave the way for a return to effective manufacturing practices.
- Initiatives like regaining control over production at Boeing and a return to Lean Manufacturing at GE could point the way out of the crisis.
Renault’s Solid EV Prices, Lower Costs Help Offset Slower Demand: Renault SA is benefiting from robust prices and cost discipline with demand for a range of ...
bloomberg.com/news/articles/2024-04-23/renault-beats-revenue-estimates-on-clio-megane-e-tech-sales
Sunak promises to boost UK defence spending by 2030: Prime Minister Rishi Sunak pledges to boost spending to 2.5% of GDP, putting the defence industry on a ‘war ...
aljazeera.com/news/2024/4/23/sunak-promises-to-boost-uk-defence-spending-by-2030
Quick Glance: Sunak and Scholz Face Tension in Berlin Meeting
- Sunak announces £500 million aid for Ukraine and plans to increase defence spending by 2030.
- Germany criticizes UK's delay in defense spending for European security.
- Scholz will address Sunak on British defense commitments.
- Berlin expresses discontent over Sunak's defense spending delay and doubts Germany's rapid defense capability.
The digital elite is recovering analogously: “No laptop, no smartphone, no news”: Silicon Valley has turned people into smartphone junkies. Now the tech thought ...
berliner-zeitung.de/panorama/die-digitale-elite-erholt-sich-analog-kein-laptop-kein-smartphone-keine-news-li.2206601
German business activity returns to growth in April, PMI survey shows: Germany's private sector unexpectedly returned to growth in April, driven by a solid rise ...
reuters.com/markets/europe/german-business-activity-returns-growth-april-pmi-survey-shows-2024-04-23/
Tesla layoffs to save $1 billion annually, Elon Musk calls it 'necessary for next phase of growth' | Mint
livemint.com/companies/news/tesla-layoffs-to-save-1-billion-annually-elon-musk-calls-it-necessary-for-next-phase-of-growth-11713921984470.html
Tesla’s $939 Billion Valuation Lead Over Toyota Is Almost Gone: Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp. ...
bloomberg.com/news/articles/2024-04-23/tesla-s-939-billion-valuation-lead-over-toyota-is-almost-gone
Paid articlePaid
The chief executive of Norway’s gigantic sovereign wealth fund on Tuesday said there is “clearly a lot of froth” in the tech sector ... Show more www.cnbc.com/2024/04/23/tech-ceo-of-worlds-largest-wealth-fund-says-theres-a-lot-of-froth.html
Tesla's future is riding on Elon Musk believers: Tesla reported a drop in revenue during its first quarter earnings call, falling short of expectations and ...
businessinsider.com/teslas-future-is-riding-on-elon-musk-believers-2024-4
Tesla Will Recall Cybertruck in Latest Setback: A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023 ...
nytimes.com/2024/04/19/business/tesla-cybertruck-recall.html
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tesla's Cybertruck needs a hole drilled through the accelerator pedal: A user posted a 35-second video on X of him fixing the gas pedal issue that caused a ...
businessinsider.com/tesla-cybertruck-accelerator-pedal-recall-fix-includes-drilling-hole-2024-04
Is Elon Musk's robotaxi dream plunging Tesla into chaos and jeopardizing its vision of a cheap EV?
@EdLudlow reports www.bloomberg.com/news/features/2024-04-21/tesla-tsla-cybertruck-recall-is-latest-setback-to-stock-s-rough-2024
Quick Glance: Tesla Cybertruck Recall and Stock Decline 2024
- Elon Musk's underlings at Tesla Inc. are accustomed to chaos, but this year has been particularly turbulent. The stock price has plummeted, there has been confusion around product decisions and price cuts. Tesla's position in the Chinese EV market is under threat, and a meeting with India's Prime Minister for a planned investment announcement was abruptly called off.
- Tesla is expected to report a significant drop in operating profit and its first revenue decline in four years. Musk has ordered massive layoffs and is staking the company's future on a self-driving vehicle concept called the robotaxi. Many employees are unsettled by the changes the CEO wants to implement.
- Musk has been discussing the concept of an autonomous taxi service for at least eight years, but Tesla has not yet built the infrastructure required for it. The focus is now on the robotaxi instead of a cheaper mass-market vehicle that many investors deem crucial. Key managers have left the company, and analysts are concerned about Tesla's strategy.
- Musk has announced that more than 10% of the workforce will be laid off. Transitioning to the robotaxi service is risky, as regulation at the state and local level can be challenging. Nevertheless, Musk is betting on Tesla making robotaxis a reality by promoting FSD and cutting prices. Some of the Tesla layoffs were poorly organized and perceived as humiliating.
Vodafone’s India unit staves off collapse after record $2.2bn fundraising: Country’s largest share sale draws investors including GQG Partners and Fidelity
ft.com/content/be396f5f-8ae3-4717-b42b-73385afdce91
Quick Glance: Vodafone’s Survival in India Secured by Record Fundraising
- Vodafone's Indian business raised $2.2 billion through an equity issue to avoid collapsing under a debt burden.
- Investors like GQG Partners and Fidelity participated in India's largest ever follow-on share sale.
- The 2018 merger failed to turn the business around, but with government support and new equity, a potential rescue is on the horizon.
- Despite planning to raise about Rs450 billion in equity and debt, doubts persist over whether this will be sufficient to secure the company's future.
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics