Tag TSLA

Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network...

Just over a year ago, Elon Musk shared the stage at Tesla's investor day in Texas with 16 executives who gave detailed presentations on the company's technology and growth plans, then lined up behind their boss in a show of solidarity. "We've obviously got significant bench strength here," Musk said at the time, responding to investor concerns that the world's most valuable automaker was too much a one-man show. Tesla, Musk and the 16 executives on the stage last year could not be reached for comment...

Update: Market Chatter: Tesla's Human Resources Executive Leaves...

Elon Musk's move to lay off the department responsible for Tesla's electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla's network. Several leaders of Tesla's Supercharger team posted social media messages saying they were told Monday night that entire group of about 500 had been laid off by CEO Musk, who seemed to confirm the move in a posting Tuesday on X, the social media site he now owns...

PCAR vs. TSLA: Which Stock Is the Better Value Option?...

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations...

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations...

Rivian faces immense challenges overcoming production scaling headwinds amid broad EV industry weakness. Read why RIVN stock is a hold...

Shares of the electric-vehicle maker rose about 4% in April, beating the S&P 500 by about 8 percentage points...

Tesla takes action amid slowing growth at fast-charging stations, Walmart unveils premium private-label foods and closes health clinics, and other news to start your day...