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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
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Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
  • Tesla lowers prices in Germany to increase inventory and sales.

  • Elon Musk addresses price complaints and emphasizes the need for flexible pricing.

  • Buyers of Tesla vehicles during expensive phases may face depreciation.

  • Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
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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.
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Musk targets Australian senator and gun laws in deepening dispute over violent video
nbcnews.com/news/world/elon-musk-targets-australian-senator-gun-laws-bishop-stabbed-rcna149105
Musk targets Australian senator and gun laws in deepening dispute over ...
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Tesla's in trouble. Is Elon Musk the problem?: Cybertruck: stalling. The stock: falling. The CEO: appalling. Why his gamble may cost him more than a $50 billion ...
mashable.com/article/tesla-without-elon-musk
Tesla's in trouble. Is Elon Musk the problem?
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Elon Musk hawks Optimus robot in an attempt to resuscitate Tesla: "As I've said before, I think Optimus will be more valuable than everything else combined ...
businessinsider.com/elon-musk-hawks-optimus-robot-in-attempt-to-resuscitate-tesla-2024-4
Elon Musk hawks Optimus robot in an attempt to resuscitate Tesla
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.
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Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Tesla needs to fire Elon Musk as CEO if it wants to save itself
Quick Glance: Elon Musk must be removed as CEO to save Tesla
  • Tesla is struggling with declining sales, layoffs, and issues in China.

  • Elon Musk is blamed for the company's state and his departure could save Tesla.

  • Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
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Elon Musk Accuses Australia Of Censorship After Court Bans Violent Video: Prime Minister Anthony Albanese described Musk as an “arrogant billionaire” who ...
huffpost.com/entry/elon-musk-australia-church-stabbing_n_662783cfe4b096c7bac60c0f
Elon Musk Accuses Australia Of Censorship After Court Bans Violent Video
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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
Tesla’s profits are being sunk by a tide of electric cars
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Time for Elon Musk's Tesla rescue plan — if he has one: Tesla is expected to report a sharp drop in profit on Tuesday, putting more pressure on Elon Musk to find ...
businessinsider.com/elon-musk-tesla-rescue-plan-price-cuts-electric-cars-earnings-2024-4
Time for Elon Musk's Tesla rescue plan — if he has one
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Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Elon Musk finally the 'adult in the room,' Tesla headed for growth: ...
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
  • Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.

  • Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.

  • The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.

  • Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
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Elon Musk apologizes to laid off Tesla employees for a major mistake
star-telegram.com/news/business/article287862635.html
Elon Musk apologizes to laid off Tesla employees for a major mistake
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Meta's Threads now has more daily US users than Musk's X: Launched less than a year ago as a rival for Twitter, Threads is continuing to gain ground with users.
businessinsider.com/meta-threads-more-daily-us-users-twitter-elon-musk-x-2024-4
Meta's Threads now has more daily US users than Musk's X
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Tesla posts its biggest revenue drop in 12 years — but the stock pops as Elon Musk promises cheaper EVs soon
qz.com/tesla-q1-earnings-stock-ev-demand-1851430238
Tesla posts its biggest revenue drop in 12 years — but the stock pops as ...
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Tesla CEO Elon Musk told investors that production of new affordable EV models could begin sooner than expected.
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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/
What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.
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Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
entrepreneur.com/business-news/tesla-to-shareholders-approve-ceo-musks-record-high-pay/472850
Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's ...
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Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Tesla Announces Steep Employee Cuts Amid Revenue Drop
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Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
Oxford shuts down institute run by Elon Musk-backed philosopher
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South Korean woman conned out of US$50,000 by fake Elon Musk she fell in love with on Instagram
scmp.com/news/asia/east-asia/article/3260197/south-korean-woman-conned-out-us50000-fake-elon-musk-she-fell-love-instagram
South Korean woman conned out of US$50,000 by fake Elon Musk she fell in ...
Quick Glance: South Korean Woman Falls Victim to $50k Elon Musk Deepfake Scam
  • A South Korean woman was convinced to invest 70 million won ($50,770) after watching a fabricated video portraying someone who looked like Elon Musk, the CEO of Tesla, as reported locally on Tuesday.

  • Jeong Ji-sun, identified by the pseudonym at KBS, disclosed her experience as a victim of a romance scam on KBS's 'In-Depth 60 Minutes.' During the episode on April 19, Jeong narrated her initial interactions with the scammer posing as Musk.

  • Jeong's initial hesitations dissipated swiftly. The scammer forwarded his identification and a workplace photo to Jeong. Moreover, he discussed aspects such as his children and commuting to Tesla or SpaceX via helicopter. He further mentioned his sporadic outreach to fans.

  • The program highlighted the prevalent use of AI in these romance scams. The swindler engaged in a form of deception known as 'pig butchering,' as explained by the producer. This approach involves gradually enticing victims to increase their contributions to an apparently legitimate investment before the perpetrator vanishes.
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Musk Plays Up ‘Sentient Humanoid’ Robots as Tesla Flounders: Perhaps investors will ignore falling profits and revenues in favor of a sexy—though not yet ...
thedailybeast.com/musk-plays-up-sentient-humanoid-robots-as-tesla-flounders
Musk Plays Up ‘Sentient Humanoid’ Robots as Tesla Flounders
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CRIME CRISIS: Elon Musk says robbery in America is "out of control" as he calls out the uptick in illegal activity taking place across the country.
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Elon Musk cancels trip to India over 'heavy Tesla obligations': Elon Musk shared the announcement in an X post on Saturday, just three days before Tesla's Q1 ...
businessinsider.com/elon-musk-cancels-trip-to-india-tesla-layoffs-struggles-2024-4
Elon Musk cancels trip to India over 'heavy Tesla obligations'
Quick Glance: Elon Musk postpones India trip due to Tesla issues
  • Elon Musk has delayed his planned trip to India due to Tesla facing challenges.

  • The Tesla CEO was set to travel to India next week to meet with Prime Minister Narendra Modi.

  • While not revealing many specifics about the trip, Musk reportedly intends to announce an investment of $2 to $3 billion in India. He aims to establish a new factory in India, where the electric vehicle market is small but growing.

  • Musk's decision to delay the trip coincides with Tesla's earnings release on April 23, where Musk and investors will address the company's tumultuous start to 2024.
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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
Weak business figures: Tesla's quarterly profit falls by 55 percent
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Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell
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Tesla asks shareholders to help Elon Musk get paid $56 billion: Tesla's stock has slumped in 2024 amid concerns about middling demand for EVs
axios.com/2024/04/17/elon-musk-pay-package-tesla-delaware-court
Tesla asks shareholders to help Elon Musk get paid $56 billion
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
  • Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.

  • The company asserts that implementing the plan is crucial for Tesla's future growth.

  • Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
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Cheaper Teslas are arriving sooner than planned: Tesla said cheaper models are coming sooner than it had planned. The move comes as it reported a steep Q1 ...
businessinsider.com/cheaper-teslas-arriving-sooner-than-planned-2024-4
Cheaper Teslas are arriving sooner than planned
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Elon Musk says he 'would know' if there are aliens out there: Musk's rocket company, SpaceX operates a satellite internet system called Starlink ...
businessinsider.com/elon-musk-says-he-would-know-if-aliens-out-there-2024-4
Elon Musk says he 'would know' if there are aliens out there
Quick Glance: Elon Musk Casts Doubt on Alien Existence
  • Elon Musk expressed his skepticism about the existence of aliens, emphasizing that he had not seen any evidence.

  • The billionaire responded to a recent interview where Tucker Carlson shared his views on aliens.

  • Musk has previously publicly pondered the topic of aliens and highlighted the importance of space exploration.

  • His involvement in SpaceX and the Starlink project has positioned Musk as a significant player in the aerospace industry.
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Is Elon Musk's robotaxi dream plunging Tesla into chaos and jeopardizing its vision of a cheap EV? For more: www.bloomberg.com/news/features/2024-04-21/tesla-tsla-cybertruck-recall-is-latest-setback-to-stock-s-rough-2024
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Elon Musk planning a major change to X; it involves a ‘tiny fee’: Popular social media platform X may soon get a bit more expensive.
thestreet.com/social-media/elon-musk-planning-a-major-change-to-x-it-involves-a-tiny-fee
Elon Musk planning a major change to X; it involves a ‘tiny fee’
Quick Glance: Musk Plans Fee for New X Users
  • Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.

  • The fee is set to be waived after three months to allow free posting.

  • Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.

  • Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
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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's future is riding on Elon Musk believers
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Elon Musk Sells the Tesla Dream, But Don't Ask for Details: Pay no attention to the EV sales slump and hit to margins. Instead, imagine robotaxis.
bloomberg.com/opinion/articles/2024-04-24/elon-musk-sells-the-tesla-dream-but-don-t-ask-for-details
Elon Musk Sells the Tesla Dream, But Don't Ask for Details
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Elon Musk vague when asked if he would step back from Tesla in 3 years: Elon Musk did not give a direct answer on Tuesday about whether he plans to reduce his ...
businessinsider.com/elon-musk-vague-if-he-would-step-back-from-tesla-2024-4
Elon Musk vague when asked if he would step back from Tesla in 3 years
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Tesla slashes car and self-driving software prices after chaotic week: Three models are $2,000 cheaper in the US, while the self-driving software now costs $8 ...
businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4
Tesla slashes car and self-driving software prices after chaotic week
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Tesla (TSLA) Global Job Cuts Includes Layoffs in Austin: Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of Chief Executive ...
bloomberg.com/news/articles/2024-04-23/tesla-to-cut-2-688-roles-in-texas-as-it-slashes-global-workforce
Tesla (TSLA) Global Job Cuts Includes Layoffs in Austin
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Elon Musk and Tesla: Is the CEO’s controversial behavior responsible for company’s struggles?
mercurynews.com/2024/04/22/elon-musk-and-tesla-is-the-ceos-controversial-behavior-responsible-for-companys-struggles/
Elon Musk and Tesla: Is the CEO’s controversial behavior responsible for ...
Quick Glance: Elon Musk and Tesla: Influence of CEO's divisive behavior on company's challenges
  • The wealthiest individual globally freely voices his opinions, often sparking debate.

  • Elon Musk, Tesla's CEO, has attacked U.S. election integrity, embraced White-supremacist propaganda, and accused President Joe Biden of treason.

  • Experts suggest that Musk's conduct may deter potential customers, but larger issues impact his company. With growing competition in the electric vehicle market, his polarizing personality could lead to more significant long-term damage.

  • While Musk may be damaging Tesla’s image with some consumers, the primary focus remains on the product and its dependability. Many consumers do not base their purchasing decisions on the political views of the company's leader.
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Elon Musk wanted to cut Tesla headcount by 20%, Bloomberg source says: Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in ...
businessinsider.com/elon-musk-cut-tesla-headcount-20-percent-bloomberg-2024-4
Elon Musk wanted to cut Tesla headcount by 20%, Bloomberg source says
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Stock market today: Tesla jumps as Musk's EV promises charm investors: Despite missing expectations for the first quarter, Tesla stock still staged a comeback in ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-affordable-electric-cars-earnings-2024-4
Stock market today: Tesla jumps as Musk's EV promises charm investors
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Quality problems and sales decline: The disenchantment of Elon Musk and Tesla: Elon Musk is currently toppling his own monument. He is cutting at least 14 ...
kleinezeitung.at/wirtschaft/18379748/die-entzauberung-von-elon-musk-und-tesla
Quality problems and sales decline: The disenchantment of Elon Musk and ...
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Tesla: Elon Musk announces cheaper models: Tesla boss Elon Musk presented the car manufacturer's quarterly results on the night of Tuesday to Wednesday.
businessinsider.de/wirtschaft/tesla-elon-musk-kuendigt-guenstigere-modelle-an/
Tesla: Elon Musk announces cheaper models
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Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall
independent.co.uk/tech/tesla-profits-down-job-losses-b2533577.html
Tesla profits down 55 per cent amid job losses, delivery issues and ...
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Elon Musk Informs Tesla Staff That Layoffs Will Affect at Least 14,000 Employees — Read the Leaked Email
entrepreneur.com/business-news/elon-musk-leaked-email-confirms-tesla-layoffs-as-execs-exit/472711
Elon Musk Informs Tesla Staff That Layoffs Will Affect at Least 14 ...
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Elon Musk postpones India trip, citing ‘heavy obligations’ at Tesla: CEO was due to meet Narendra Modi but carmaker is likely to report worst performance in ...
theguardian.com/technology/2024/apr/22/elon-musk-postpones-india-trip-tesla-results-narendra-modi
Elon Musk postpones India trip, citing ‘heavy obligations’ at Tesla
Quick Glance: Elon Musk Postpones India Trip, Sources Say
  • Tesla's CEO Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, according to three people familiar with the matter.

  • Musk was expected to announce an investment of $2 billion to $3 billion, mainly to build a factory in India, following the government's policy of lowering high tariffs on imported cars if companies invest locally.

  • His planned Sunday arrival was set to follow two days after the start of India's national elections, where Modi is projected to secure a rare third term.

  • Reasons for the trip postponement were not immediately disclosed, and neither Tesla nor Modi's office responded promptly to requests for comments.
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Tesla's short-lived marketing team laid off: Tesla scraps its marketing team just months after it began, continuing the company's workforce reduction.
businessinsider.com/tesla-new-marketing-team-advertising-cut-layoffs-2024-4
Tesla's short-lived marketing team laid off
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Tesla's chaotic layoffs leaves workers nervous about future: In the wake of Tesla's week of layoffs some workers say they feel as if they've been left in limbo.
businessinsider.com/teslas-workers-nervous-about-future-after-layoffs-2024-4
Tesla's chaotic layoffs leaves workers nervous about future
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Is Elon Musk Forcing Everyone To View Tesla As An AI Company?: Tesla stock is hitting fresh 52-week lows ahead of Q1 earnings Tuesday as Elon Musk keeps hinting ...
investors.com/news/tesla-stock-elon-musk-an-ai-company-after-tesla-earnings/
Is Elon Musk Forcing Everyone To View Tesla As An AI Company?
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3 Lessons for Leaders From Elon Musk's $100 Billion Payday: When making executive comp decisions, it's important to focus on sustainable value.
inc.com/peter-cohan/3-lessons-for-leaders-from-elon-musks-100-billion-payday.html
3 Lessons for Leaders From Elon Musk's $100 Billion Payday
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Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
entrepreneur.com/business-news/tesla-to-shareholders-approve-ceo-musks-record-high-pay/472850
Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's ...
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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/
Tesla promises 'more affordable' cars after shelving all-new Model 2
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Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model
cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html
Tesla reports biggest revenue slide since 2012, announces renewed push for ...