All Stories Tagged: TSLA

Musk also describes the gigafactories as gigantic money furnaces.

Following up on an email suggesting a cut of 10 percent of the salaried workforce, Musk has seemingly confirmed plans to balance salaried and hourly workers.

Inflation is hitting Tesla as the company plans to raise prices in the United States.

Tesla's move follows a number of other major companies in the tech industry splitting their stock as well.

Elon Musk reportedly suggested cutting 10 percent of the Tesla salaried workforce in an email in which he expressed a 'super bad feeling' about the economy.

Musk seems to have confirmed a leaked email suggesting that not only is Tesla cracking down on remote work, but remote workers aren't actually working.

The Shanghai lockdown continues to affect Tesla's production output.

Musk had previously floated the idea of selling Tesla shares to fund his Twitter purchase, but he may not have to.

Following a period of COVID-19 shut down, Tesla wants to bolster its Shanghai facility's production to produce an additional 450,000 vehicles a year.

Elon Musk sold $4 billion of his TSLA shares on April 26, 2022 to help fund his $44 billion Twitter (TWTR) acquisition.