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Xpeng CEO's wealth has plummeted 75% to $1.4 billion amid price wars: He Xiaopeng, the CEO of Xpeng, owns 20.5% of the company's Class A shares ...
businessinsider.com/ev-price-war-xpeng-ceo-wealth-drop-billions-tesla-byd-2023-5
Xpeng CEO's wealth has plummeted 75% to $1.4 billion amid price wars
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Profile picture of Insider (news website)
Xpeng CEO's wealth has plummeted 75% to $1.4 billion amid price wars: He Xiaopeng, the CEO of Xpeng, owns 20.5% of the company's Class A shares ...
businessinsider.com/ev-price-war-xpeng-ceo-wealth-drop-billions-tesla-byd-2023-5
Xpeng CEO's wealth has plummeted 75% to $1.4 billion amid price wars
Profile picture of The Irish Times
BYD set to lose EV throne to Tesla as sales slip: More competition and flagging demand in the Chinese market hit leading battery and plug-in hybrid vehicle ...
irishtimes.com/business/2024/04/02/byd-set-to-lose-ev-throne-to-tesla-as-sales-slip/
BYD set to lose EV throne to Tesla as sales slip
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.
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How China built BYD, its Tesla killer: Once the laughing stock of the auto industry, it is now the leader in sales of fully electric cars.
straitstimes.com/asia/east-asia/how-china-built-byd-its-tesla-killer
How China built BYD, its Tesla killer
Quick Glance: BYD Secures License Deal with Ford and GM Supplier for LFP Battery Packs in EVs
  • BYD, a leading global EV maker, partners with Ford and GM supplier BorgWarner to utilize its BYD Blade battery packs.

  • BorgWarner gains exclusive rights to localize BYD's Blade LFP battery packs for commercial vehicles and becomes the preferred manufacturer in various regions.

  • In addition to producing battery packs with BYD's Blade cells, BorgWarner also acquires rights to FinDreams battery's IP, including design and manufacturing process.

  • BYD's dominant presence in the LFP battery market and successful deployment in global EVs highlight the strategic significance of the partnership with BorgWarner.
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A look at the day ahead in U.S. and global markets from Mike Dolan
Morning Bid: Apple angst, Tesla tanks, Bitcoin balks: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-03-05/
Morning Bid: Apple angst, Tesla tanks, Bitcoin balks
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Elon Musk Failed To Quash This Chinese Billionaire’s Tesla Rival—Now It’s Going Global
forbes.com/sites/ywang/2024/03/04/elon-musk-failed-to-quash-this-chinese-billionaires-tesla-rival---now-its-going-global/
Elon Musk Failed To Quash This Chinese Billionaire’s Tesla Rival—Now It’s ...
Quick Glance: Xpeng: Chinese Tesla Rival Expands Globally
  • Chinese automaker Xpeng, though not a major player in the competitive EV market, aims for global growth.

  • Plans for a flying car could boost Xpeng's image as a high-end brand, while He Xiaopeng focuses on international expansion.

  • Despite challenges from Tesla and the tough EV market in China, Xpeng pursues ambitious goals for global presence by 2030.
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BYD: Citi remains extremely bullish: BYD records lower growth in Q4 2023, but plans 20% more sales in 2024.
deraktionaer.de/artikel/aktien/byd-citi-bleibt-extrem-bullish-20354012.html
BYD: Citi remains extremely bullish
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CNBC Daily Open: All eyes on U.S. fourth-quarter GDP: All eyes will be on the state of the U.S. economy as the first official reading of fourth-quarter GDP data ...
cnbc.com/2024/01/25/cnbc-daily-open-all-eyes-on-us-fourth-quarter-gdp.html
CNBC Daily Open: All eyes on U.S. fourth-quarter GDP
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Shortchanged: The Bloomberg Close, Asia Edition : Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-01-25/shortchanged-the-bloomberg-close-asia-edition
Shortchanged: The Bloomberg Close, Asia Edition 
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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and ...
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
  • Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.

  • Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.

  • The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.

  • Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
Profile picture of Insider (news website)
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
Why Tesla wants to give Elon Musk $55 billion pay package
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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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
Mark Zuckerberg has passed Elon Musk as the world's third-richest person ...
Profile picture of Insider (news website)
Tesla cancels some layoff separation agreements: Some laid off Tesla workers received a notification that their separation agreement had been canceled.
businessinsider.com/tesla-cancels-some-layoff-separation-agreements-2024-4
Tesla cancels some layoff separation agreements
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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/
Wall Street wants answers from Elon Musk on Tesla's Model 2 car
Profile picture of Investor's Business Daily
Elon Musk Says This Is 'Blindingly Obvious.' Cathie Wood Keeps Buying.: Elon Musk took to X claiming it makes sense to focus on autonomous driving ...
investors.com/news/tesla-stock-elon-musk-blindingly-obvious-to-focus-on-autonomy-cathie-wood-keeps-buying/
Elon Musk Says This Is 'Blindingly Obvious.' Cathie Wood Keeps ...
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.
Profile picture of Insider (news website)
I relocated when Tesla asked. Then I was laid off.: A Tesla worker who was laid off says they tried to clock in and their phone said to contact IT.
businessinsider.com/laid-off-tesla-worker-story-after-relocating-2024-4
I relocated when Tesla asked. Then I was laid off.
Profile picture of Insider (news website)
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
Elon Musk apologizes for 'incorrectly low' Tesla severance: report
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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/
Musk’s next big payday matters more than his last
Profile picture of Investor's Business Daily
Tesla Reportedly Halts Cybertruck Deliveries: Tesla Cybertruck deliveries have been halted, according to online chatter, possibly to address a problem with the ...
investors.com/news/tesla-cybertruck-deliveries-reportedly-halted/
Tesla Reportedly Halts Cybertruck Deliveries
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.
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Are front license plates required for all vehicles in Sacramento? Your question answered
sacbee.com/news/local/article287693925.html
Are front license plates required for all vehicles in Sacramento? Your ...
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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
Some Tesla Factory Workers Realized They Were Laid Off When Security ...
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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
Thinking of Getting a Tesla? Consider One of These Other EVs Before You ...
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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’s One Big Problem, and How to Solve It
Profile picture of San Francisco Chronicle
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
Elon Musk apologizes to laid-off Tesla employees for severance error
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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
Elon Wants His Money Back
Profile picture of N-tv
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
Temporary workers initially affected: Tesla separates from 300 employees ...
Profile picture of Insider (news website)
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
Elon Musk says Tesla needs a 'complete organizational overhaul'
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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
Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says
Profile picture of Insider (news website)
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
Tesla worker laid off weeks after joining says he can't pay rent
Profile picture of Electrek
A 605 MW PV plant in Germany is now Europe’s largest solar farm: A 605-MW project in Germany has claimed the title of Europe's largest solar farm ...
electrek.co/2024/04/12/germany-europe-largest-solar-farm/
A 605 MW PV plant in Germany is now Europe’s largest solar farm
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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 discloses it spent $200,000 advertising on X
Profile picture of Insider (news website)
Some Tesla workers get badge scan, realize layoff: Tesla told staff it doing layoffs on Sunday night, but some workers realized they were out of a job when ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
Some Tesla workers get badge scan, realize layoff
Profile picture of Insider (news website)
Musk needs to explain Tesla layoffs amid 'horror show': Dan Ives: Tesla's layoffs are adding to the "horror show" investors have been dealing with in recent ...
markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-price-layoffs-earnings-outlook-dan-ives-2024-4
Musk needs to explain Tesla layoffs amid 'horror show': Dan Ives
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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
As EVs surge, warning signs grow for Tesla | Analysis
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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
We know more about where Tesla is slashing jobs
Profile picture of Insider (news website)
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
GMC's new electric pickup range will beat the Cybertruck by 100 miles
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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
The EV market is in trouble: The latest sign is Tesla's layoffs
Profile picture of Insider (news website)
Ford offers Tesla drivers $1,500 discount to switch: Ford is taking aim at Tesla. The automaker launched an initiative to give Tesla owners a special discount on ...
businessinsider.com/ford-offers-tesla-drivers-discount-to-switch-2024-4
Ford offers Tesla drivers $1,500 discount to switch
Profile picture of Electrek
Tesla’s top engineering executive Drew Baglino leaves in massive leadership loss: Tesla’s top engineering executive, Drew Baglino, has left the automaker in a ...
electrek.co/2024/04/15/tesla-top-engineering-executive-drew-baglino-leaves-leadership-loss/
Tesla’s top engineering executive Drew Baglino leaves in massive ...
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Tesla to cut over 10% of workforce in global retrenchment: Chief Executive Officer Elon Musk revealed the job cuts in an email to staff, citing duplication of ...
mercurynews.com/2024/04/15/tesla-to-cut-over-10-of-workforce-in-global-retrenchment/
Tesla to cut over 10% of workforce in global retrenchment
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"Hungry for growth phase": Tesla plans massive job cuts - 3000 jobs in Grünheide: For the first time in almost four years, Tesla is selling fewer new cars at the ...
n-tv.de/wirtschaft/Tesla-plant-massiven-Jobabbau-3000-Stellen-in-Gruenheide-article24874548.html
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Jamie Dimon made $183 million selling JPMorgan stock. Here's how much others have made
qz.com/jamie-dimon-jpmorgan-chase-stock-jeff-bezos-leon-black-1851413941
Jamie Dimon made $183 million selling JPMorgan stock. Here's how much ...
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An Etsy entrepreneur is exposing Tesla's shortcomings to new owners taking delivery
trib.al/AXmWgVX
An Etsy entrepreneur is exposing Tesla's shortcomings to new owners taking ...
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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
Tesla's rough year: slumping sales, layoffs, growing China competition
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The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank earnings and retail sales
qz.com/dow-jones-tesla-trump-media-goldman-sachs-reddit-1851411400
The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank ...
Profile picture of Newsweek
Tesla 'Layoffs' Spell Bad News for Elon Musk: Elon Musk has seen his personal fortune slashed by tens of billions of dollars so far this year.
newsweek.com/tesla-layoffs-elon-musk-bad-news-fortune-loss-1890250
Tesla 'Layoffs' Spell Bad News for Elon Musk
Quick Glance: Tesla Layoffs Impact Elon Musk's Fortune
  • Elon Musk has seen his personal fortune plummet by billions of dollars this year.

  • Tesla announced global workforce reductions of 'more than 10%' in an internal email sent by CEO Elon Musk to staff.

  • The reported layoffs come at a challenging time for Musk and Tesla, with quarterly results showing an 8.5% decline in product deliveries compared to the previous year.

  • Tesla shares have dropped over 30% this year, causing Musk to fall to third place on the Bloomberg Billionaires Index.
Profile picture of Insider (news website)
Tesla is laying off more than 10% of its workforce: The layoffs at Tesla have come shortly after the carmaker posted lackluster delivery numbers.
businessinsider.com/tesla-layoffs-job-cuts-2024-2
Tesla is laying off more than 10% of its workforce
Profile picture of Electrek
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/
Tesla leaks new Model 3 Performance ‘Ludicrous’ details
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Tesla to lay off more than 10 percent of its workers as sales slow: "Cost reductions and increased productivity" needed, says Musk.
arstechnica.com/cars/2024/04/tesla-to-lay-off-more-than-10-percent-of-its-workers-as-sales-slow/
Tesla to lay off more than 10 percent of its workers as sales slow
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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 Layoffs: Buffalo, NY Factory Loses 14% Workforce
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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
Elon Musk says in email that Tesla sent 'incorrectly low' severance ...
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Tesla Heads For 2024 Lows As Investors Await Q1 Earnings For Clarity On Elon Musk's Big Bet On Autonomy
investors.com/news/tesla-stock-2024-lows-elon-musk-big-bet-on-autonomy/
Tesla Heads For 2024 Lows As Investors Await Q1 Earnings For Clarity On ...