Elon Musk says entrepreneurs are missing ‘tremendous’ opportunities in heavy industry
Synopsis by Fortune May 26 23
The Tesla CEO bemoaned an "overallocation of talent towards apps on phones ...Read full article 
Fortune: Elon Musk says entrepreneurs are missing ‘tremendous’ opportunities in heavy industry
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| Last Updated | Jul 23 23 |
| Total Articles | 6 |
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Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Elon Musk plans to charge new X users to enable posting: Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to ...
techcrunch.com/2024/04/15/elon-musk-plans-to-charge-new-x-users-to-enable-posting/
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.
Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
qz.com/tesla-musk-meta-facebook-zuckerberg-wealth-stock-1851419657
Walmart Is Poised to Overtake Tesla in Market Value. How the Retailer Got Here.: It’s a tale of contrasting fortunes: Walmart stock has steadily risen as some of ...
barrons.com/articles/walmart-tesla-overtake-market-value-40f12270
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Tesla's Layoffs Won't Solve Its Growing Pains: The car company popularized EVs. Now, facing intense competition from China, it has to figure out what to do next.
wired.com/story/tesla-robotaxi-pivot-china/
Drive-Through Car Wash Was Too Much for Tesla Cybertruck: "That's the only thing I've done that's different. Then I pulled it in the garage, and nothing."
gizmodo.com/drive-through-car-wash-was-too-much-for-tesla-cybertruc-1851420356
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Elon Musk’s Grok keeps making up fake news based on X users’ jokes: X likely hopes to avoid liability with disclaimer that Grok "can make mistakes."
arstechnica.com/tech-policy/2024/04/elon-musks-grok-keeps-making-up-fake-news-based-on-x-users-jokes/
Tesla stock just hit a new 52-week low after analysts said investors may start 'tossing in the towel'
qz.com/tesla-ev-elon-musk-stock-downgrade-deutsche-analyst-1851419223
Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
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.
Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system: Aerospace and defense company Northrop Grumman is working with SpaceX ...
reut.rs/4aBz8OU
Are front license plates required for all vehicles in Sacramento? Your question answered
sacbee.com/news/local/article287693925.html
US supports UN reform: Biden admin on Musk's remarks on UNSC seat for India: The US supports much-needed reform of the United Nations, including the Security ...
business-standard.com/external-affairs-defence-security/news/us-supports-un-reform-biden-admin-on-musk-s-remarks-on-unsc-seat-for-india-124041800583_1.html
Musk’s next big payday matters more than his last: Yesterday’s paycheck is a poor guarantee of good work tomorrow. Electric-car maker Tesla is asking investors ...
reuters.com/legal/transactional/musks-next-big-payday-matters-more-than-his-last-2024-04-17/
Elon Musk apologizes to laid-off Tesla employees for severance error: In a brief email, the CEO assured the company was working to remedy the mistake.
sfchronicle.com/tech/article/elon-musk-apologizes-tesla-severance-packages-19410249.php
Tesla says 300 subcontracted workers let go in Germany: Tesla has let go of 300 temporary workers in Germany in keeping with their contract period ...
reut.rs/3vZecT6
Tesla’s One Big Problem, and How to Solve It: Tesla is finding it a lot harder to sell its cars these days. If CEO Elon Musk doesn’t take the problem seriously ...
on.barrons.com/3Un0z9G
Tesla discloses it spent $200,000 advertising on X: Here’s one advertiser that social media platform X doesn’t have to worry about losing because it’s turned off ...
cnn.com/2024/04/18/business/elon-musk-tesla-advertises-on-x/
Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal: Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore ...
reuters.com/legal/tesla-tries-legal-band-aid-revive-musks-huge-pay-deal-2024-04-18/
Tesla seeks to award Elon Musk $56bn pay package: The deal, if approved by shareholders and judges, would be the largest in corporate America.
bbc.com/news/articles/cqqndqndpq5o
Elon Musk apologizes for 'incorrectly low' Tesla severance: report: The Tesla CEO told workers in an email that the mistakes were "being corrected immediately."
businessinsider.com/elon-musk-tesla-apologizes-severance-packagaes-layoffs-2024-4
T. Rowe Price says 2018 Tesla pay aligned with investor interests: Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla ...
reuters.com/business/autos-transportation/t-rowe-price-says-2018-tesla-pay-aligned-with-investor-interests-2024-04-18/
Thinking of Getting a Tesla? Consider One of These Other EVs Before You Buy: The Tesla brand is a favorite among EV shoppers, but other automakers have excellent ...
cars.usnews.com/cars-trucks/advice/tesla-alternatives
Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says: A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in ...
bloomberg.com/news/articles/2024-04-18/tesla-tsla-bull-david-baron-warns-ditching-cheaper-model-2-thesis-changing
Paid articlePaid We know more about where Tesla is slashing jobs: Tesla laid off 280 workers at its facility in Buffalo, New York, according to a regulatory filing in New York.
businessinsider.com/where-tesla-elon-musk-slashing-jobs-buffalo-new-york-2024-4
Tesla leaks new Model 3 Performance ‘Ludicrous’ details: Tesla has leaked some details about its elusive new Model 3 Performance ‘Ludicrous’ ...
electrek.co/2024/04/18/tesla-leaks-new-model-3-performance-ludicrous-details/
Satirist irritates with video: Did Jan Böhmermann cave in?: In his podcast, Jan Böhmermann has been talking for a long time about wanting to buy an electric car ...
n-tv.de/leute/Ist-Jan-Boehmermann-eingeknickt-article24882828.html
Job cuts at Tesla: Elon Musk would love to be a visionary: The Tesla boss wants to be special and save the world. But the current employee layoffs are neither ...
tagesanzeiger.ch/stellenabbau-bei-tesla-elon-musk-waer-so-gern-ein-visionaer-239188072200
Tesla asks shareholders to reapprove huge Musk compensation package: The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37 percent ...
lemonde.fr/en/international/article/2024/04/18/tesla-asks-shareholders-to-reapprove-huge-musk-compensation-package_6668778_4.html
Temporary workers initially affected: Tesla separates from 300 employees in Germany
n-tv.de/wirtschaft/Tesla-trennt-sich-von-300-Mitarbeitern-in-Deutschland-article24882129.html
EV prices are down 18% over the past year as drastic price cuts take effect: Electric vehicle prices are down 18% so far this month compared to April 2023 ...
electrek.co/2024/04/18/ev-prices-down-18-last-year-drastic-price-cuts/
Wall Street wants answers from Elon Musk on Tesla's Model 2 car: Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive ...
reuters.com/business/autos-transportation/wall-street-wants-answers-musk-teslas-affordable-car-2024-04-17/
Hyundai pauses X ads over pro-Nazi content on the platform: Hyundai's statement comes after an NBC News report identified at least 150 Premium accounts on X ...
nbcnews.com/tech/tech-news/hyundai-pauses-x-ads-nazi-content-platform-rcna148414
Tesla Stock Is Rising as Selling Pressure Eases. Cathie Wood Is Buying.: Tesla stock has fallen 11% this month.
barrons.com/articles/tesla-stock-buy-sell-cathie-wood-18592475
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Some Tesla Factory Workers Realized They Were Laid Off When Security Scanned Their Badges and Sent Them Back on Shuttles, Sources Say
entrepreneur.com/business-news/tesla-workers-showed-up-to-work-didnt-know-were-laid-off/472814
3 Leadership Insights From Elon Musk's Strategic Blunders: Give customers unbeatable value, bolster your competitive weaknesses, and face reality.
inc.com/peter-cohan/3-leadership-insights-from-elon-musks-strategic-blunders.html
Tesla asks shareholders to restore Elon Musk’s $56bn pay deal: Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’.
aljazeera.com/economy/2024/4/18/tesla-asks-shareholders-to-restore-elon-musks-56bn-pay-deal
Elon Musk Says New X Users Will Soon Have to Pay to Post on the Platform: Elon Musk said X will soon start charging new users who want to post on the platform to ...
entrepreneur.com/business-news/elon-musk-says-new-x-users-will-be-charged-a-fee-to-post/472864
Elon Wants His Money Back: Tesla to Texas, banker breakup fees, Destiny Tech100 and WhatsApp at the SEC.
bloomberg.com/opinion/articles/2024-04-17/elon-wants-his-money-back
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Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
cnbc.com/2024/04/17/tesla-says-in-email-it-sent-some-incorrectly-low-severance-packages.html
Tesla worker laid off weeks after joining says he can't pay rent: A man told KVUE that he was hired to work at Tesla's Texas plant a few weeks ago ...
businessinsider.com/tesla-worker-laid-off-ev-transport-texas-rent-2024-4
Elon Musk’s ‘not bad’ review thrusts Meta’s Llama 3 AI into spotlight: Meta's open-source AI model, Llama 3, earns praise from Elon Musk and experts ...
venturebeat.com/ai/elon-musks-not-bad-review-thrusts-metas-llama-3-ai-into-spotlight/
Quick Glance: Tech Giants Compete in Japan for AI Development
- US tech firm OpenAI establishes first Asia office in Tokyo.
- The company plans to develop a new generative AI model specializing in Japanese language and culture.
- Microsoft invests $2.9 billion in the AI industry in Japan.
- Japanese companies prioritize versatile AI systems and launch AI safety research centers.
Elon Musk's Grok AI Pushes False News Stories About Indian Election, Iran Strike: X users were surprised to see that Prime Minister Modi was 'ousted' in a ...
pcmag.com/news/elon-musks-grok-ai-pushes-false-news-story-about-indian-election-more
Why Is Elon Musk Dragging His 3-Year-Old Around the World?: Elon Musk has taken to bringing his 3-year-old son X to events around the world ...
nymag.com/intelligencer/article/why-is-elon-musk-dragging-his-3-year-old-around-the-world.html
Shares of Tesla sank again Thursday, this time following a downgrade from Deutsche Bank analysts panning Tesla’s apparent “thesis-changing” shift away from its ... Show more
www.forbes.com
go.forbes.com/c/L76y
What Does Tesla Stock's Latest Slide Mean for Investors?: Tesla stock is down more than 35% in 2024 and the company just announced layoffs ...
kiplinger.com/investing/stocks/what-does-tesla-stocks-latest-slide-mean-for-investors
Wall Street souring on Tesla stock after pivot from Model 2 to robotaxis: "We view Tesla's shift as thesis-changing, and worry the stock will need to undergo a ...
markets.businessinsider.com/news/stocks/tesla-stock-price-analyst-ratings-targets-forecasts-downgrades-wall-street-2024-4
Tesla launches website to convince shareholders to vote for Elon’s $55 billion payday
electrek.co/2024/04/18/tesla-launches-website-convince-shareholders-vote-elon-55-billion-payday/
Here's why so many electric vehicle startups fail: The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart ...
cnbc.com/2024/04/18/why-so-many-electric-vehicle-startups-fail.html
How To Delete Tesla's Sinking Stock From Your Portfolio: Tesla used to be a magnificent S&P 500 stock every investor wanted to own — now it's a ...
investors.com/etfs-and-funds/etfs/sp500-how-to-delete-teslas-sinking-stock-from-your-portfolio/
India Elections: An Election Meme War Unfolds As Modi's BJP Outspends Opposition
bloomberg.com/news/articles/2024-04-17/india-elections-an-election-meme-war-unfolds-as-modi-s-bjp-outspends-opposition
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Kevin Durand Wants In On A24's Elon Musk Biopic: The Abigail actor revealed he often gets mistaken for the tech mogul behind X and Tesla.
gizmodo.com/kevin-durand-elon-musk-biopic-cast-a24-darren-aronofsky-1851414851
Tesla Layoffs: Buffalo, NY Factory Loses 14% Workforce: Tesla Inc. is cutting 14% of the workforce at its factory in Buffalo, New York, according to a filing ...
bloomberg.com/news/articles/2024-04-17/tesla-to-cut-14-of-buffalo-staff-as-layoff-details-emerge
Tesla Doesn't Want to Disclose How Many Harassment Cases It Faces: The Tesla board rejects a proposal to release an annual report on pending harassment and ...
pcmag.com/news/tesla-doesnt-want-to-disclose-how-many-harassment-cases-it-faces
Tesla’s Strategy Shifts Are Following Elon Musk’s AI Whims: The carmaker’s founder is focused elsewhere. Plus: What’s behind that insurance bill.
bloomberg.com/news/newsletters/2024-04-17/tesla-s-strategy-shifts-are-following-elon-musk-s-ai-whims
The Maserati GranCabrio Folgore is one of the best-looking EVs yet: Maserati has unveiled the new GranCabrio Folgore electric car. It's a great-looking car ...
digitaltrends.com/cars/maserati-grancabrio-fogore-reveal/
Wall Street Prescription for Uncertainty? Maybe It’s Just T-Bill and Chill: Markets have ‘extended and pretended,’ so perhaps there is something to say for ...
bloomberg.com/news/newsletters/2024-04-17/wall-street-prescription-for-uncertainty-maybe-it-s-just-t-bill-and-chill
CNBC Inside India: Musk and Modi: Tesla chief Elon Musk is set to meet Indian Prime Minister Narendra Modi soon, and the timing couldn't be any better.
cnbc.com/2024/04/18/cnbc-inside-india-musk-and-modi.html
Tesla stock price target slashed at Barclays ahead of likely negative Q1: "Tesla's deeply challenged near-term fundamentals are taking the backseat to a much ...
markets.businessinsider.com/news/stocks/tesla-stock-price-target-slashed-barclays-negative-catalyst-q1-earnings-2024-4
Tesla's rough year: slumping sales, layoffs, growing China competition: Tesla's sales slump and massive layoffs have ratcheted up the pressure on CEO Elon Musk ...
businessinsider.com/tesla-rough-year-sales-slump-layoffs-china-ev-competition-2024-4
Etsy entrepreneur exposes Tesla shortcomings to new owners taking delivery: Quality control is so bad at Elon Musk's automaker that new Tesla owners are taking ...
thestreet.com/electric-vehicles/an-etsy-entrepreneur-is-exposing-teslas-shortcomings-to-new-owners-taking-delivery
Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
- Per Lekander labels Tesla as the largest stock market bubble in modern history.
- He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.
- Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
cnbc.com/2024/04/17/tesla-is-laying-off-285-employees-in-buffalo-new-york-as-part-of-a-broad-restructuring.html
Tesla Started Laying Off 14,000 Employees. It Couldn't Have Gone Worse: How you handle layoffs says a lot about what you value as a leader.
inc.com/jason-aten/tesla-started-laying-off-14000-employees-it-couldnt-have-gone-worse.html
Collapse of Ellies points to much larger issue in SA’s world of business development
dailymaverick.co.za/opinionista/2024-04-16-collapse-of-ellies-points-to-much-larger-issue-in-sas-world-of-business-development/
Elon Musk Is Fighting Tooth and Nail for His $56 Billion Tesla Pay Package: A judge tossed out his big payday, so the billionaire is appealing directly to Tesla ...
thedailybeast.com/elon-musk-is-fighting-tooth-and-nail-for-his-dollar56-billion-tesla-pay-package
Paid articlePaid Tesla spent $200,000 to advertise on Elon Musk’s X so far: Tesla confirmed that it spent $200,000 to advertise on Elon Musk’s X, formerly Twitter, so far ...
electrek.co/2024/04/17/tesla-spent-advertise-elon-musk-x-so-far/
Tesla's Full Self-Driving keeps driving cars into curbs, drivers say: It’s difficult to tell if this curb hopping problem is new due to a change in the vehicle ...
qz.com/tesla-full-self-driving-cars-curbs-elon-musk-software-1851415347
Why Boeing chief’s $33mn pay is hard to justify: Dave Calhoun was awarded a 45% increase in total pay last year
ft.com/content/c3683fda-f4c6-44d2-bb1b-0eeab5af0f76
Tesla's US market share grows through the EV carnage: Despite a long list of recent setbacks, Tesla has outpaced all competitors in the US electric vehicle ...
businessinsider.com/tesla-market-share-grows-through-ev-carnage-2024-4
Elon Musk says Tesla needs a 'complete organizational overhaul' : "That said, our executive tenure is unusually high at well over 10 years at Tesla ...
businessinsider.com/elon-musk-says-tesla-needs-a-complete-organizational-overhaul-2024-4
Paid articlePaid Tesla's Musk likely to unveil $2-$3 bln India investment during visit, sources say
reuters.com/business/autos-transportation/teslas-musk-likely-unveil-2-3-bln-india-investment-during-visit-sources-say-2024-04-17/
Test Your Knowledge About Electric Cars With Our Quiz: First question: Which country leads the way in EVs?
wsj.com/business/autos/electric-vehicle-quiz-ea7247f3
The EV market is in trouble: The latest sign is Tesla's layoffs: The drive to electrify personal cars in California has, at best, hit a rough patch ...
latimes.com/environment/story/2024-04-16/the-ev-market-is-in-trouble-the-latest-sign-is-teslas-layoffs
GMC's new electric pickup range will beat the Cybertruck by 100 miles: GMC increased the range for its new Sierra Denali to 440 miles, making it among the ...
businessinsider.com/gmc-sierra-ev-denali-electric-pickup-range-vs-tesla-cybertruck-2024-4
U.S. tech CEOs give India PM Modi boost ahead of election: India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of ...
cnbc.com/2024/04/18/india-election-apple-tesla-investments-boost-modi.html
As EVs surge, warning signs grow for Tesla | Analysis: The world’s largest electric carmaker on Monday told employees it would lay off more than 10% of its ...
nytimes.com/2024/04/16/climate/has-tesla-peaked.html
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