Tag Archives: Automobiles

Elon Musk reveals 9 percent job cut at Tesla

Just days after promising he’d make Tesla profitable within months, CEO Elon Musk announced today that 9 percent of the company’s workforce is being laid off as part of the effort to make it so. Musk tweeted out his memo to employees, … Continue reading

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Elon Musk and Tesla shares take a weird turn

Tesla’s share price took a weird turn today after the company reported its first-quarter financial results and billionaire CEO Elon Musk dissed analysts’ concerns about the Tesla Model 3 mass-market electric car. The raw numbers reflected Tesla’s efforts to ramp … Continue reading

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Tesla stock drops amid Model 3 production snags

Tesla share prices declined 5 percent in after-hours trading today, due to a grimmer-than-expected quarterly report that highlighted snags in the production ramp-up for the company’s make-or-break Model 3 electric car. The company reported its biggest-ever net quarterly loss, $619.4 mllion or $3.70 per share. … Continue reading

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James Dyson reveals $2.7B electric car project

Would you buy a new electric car from this vacuum-cleaner salesman? James Dyson, the founder of the Dyson gadget powerhouse, is betting $2.7 billion that you will. Today Dyson, who made his name with high-tech vacuum cleaners and has branched out … Continue reading

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Tesla looks back and looks ahead at Model 3

Tesla’s Model 3 electric car was the focus of today’s chatter in the wake of the company’s quarterly earnings report, which posted revenue that was stronger than expected ($2.79 billion vs. $2.51 billion, pre-estimated by Thomson Reuters) and a loss per share … Continue reading

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Elon Musk kicks off Tesla Model 3 deliveries

As thousands of employees and fans cheered, Tesla CEO Elon Musk drove a red Model 3 electric car onto the stage at the company’s factory in Fremont, Calif., tonight – and then handed over the first 30 cars to customers. The … Continue reading

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Elon Musk shows off first official Tesla Model 3

The hundreds of thousands of customers who have plunked down deposits for the mass-market Tesla Model 3 electric car are finally getting a glimpse of what they’re buying. In a pair of tweets, Tesla CEO Elon Musk showed off “Production Unit 1” for the Model … Continue reading

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