Tesla conducting more layoffs, including entire Supercharger team

electrek.co Just after laying off “more than 10%” of its global workforce, Tesla is laying off even more employees – including senior executives and long-time veterans of the company,…

Futures drift lower as focus shifts to rate verdict

aol.com Futures tracking Wall Street's main indexes were subdued on Tuesday as investors refrained from placing big bets ahead of the interest rate decision at the end of the…

Tesla Continues Layoffs: Charging and Public Policy Teams are Trimmed

eletric-vehicles.com Tesla chief executive Elon Musk emailed Executives on Monday evening warning that the company needs “need to be absolutely hard core about headcount and cost reduction” as…

Elon Musk publicly dumped California for Texas

fortune.com In California, where there are Teslas as far as the eye can see and rapid charging stations aplenty, new drivers are opting out of the $605 billion Elon Musk–led car…

Nikkei Enjoys Post-Holiday Boost, Hang Seng Edges Higher

asiafinancial.com Asia’s major stock indexes edged ahead on Tuesday with investors hopeful ahead of the latest economic data releases, corporate earnings posts and this week’s US Federal…

Musk's visit to China was a much-needed win for both sides

aol.com None Elon Musk just made a quick trip to China, where he met with senior officials and struck a deal. • None The Beijing visit comes as trade tensions have ratcheted up…

Elon Musk isn't even close to being done with his 'absolutely hard core' slashing of Tesla's headcount

aol.com None The layoffs at Tesla aren't over yet, says Tesla CEO Elon Musk. • None On Monday, he announced the departure of two senior executives and the axing of their divisions.…

Amazon earnings ahead, Paramount CEO Bakish steps down

investing.com Investing.com -- U.S. stock futures inch down ahead of a fresh batch of corporate earnings, including results from tech giant Amazon (NASDAQ: ). Paramount Global (NASDAQ: )…

Elon Musk says he picked Tesla robotaxi's August 8 launch date because it's a lucky number in China

businessinsider.com Elon Musk. Tayfun Coskun/Anadolu via Getty Images Tesla is set to launch its robotaxi on August 8, 2024. The date, Elon Musk says, was chosen partly because it is a "lucky…

Shift to new models, weak demand hit Europe's automakers

finance.yahoo.com Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand…

Tesla Will Sell FSD in China. An Auto Analyst Assesses Some Pitfalls

barrons.com Tesla is on the cusp of selling its highest-level driver-assistance product in China. Citi analyst Jeff Chung weighs in on what that means for the electric-vehicle maker.

Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC

coindesk.com None Alliance Resources says it has mined 425 BTC with excess power at its facility • None The company is the latest publicly listed entity to have bitcoin on its balance…

Analysts weigh in on Tesla's China FSD opportunity

investing.com On Monday, the Wall Street Journal reported that Tesla (NASDAQ: ) has received preliminary approval from Chinese regulators to introduce its advanced driver assistance…

These Stocks Are Moving the Most Today

barrons.com MicroStrategy posts a first-quarter loss of $53.1 million after taking a large Bitcoin impairment charge in the period, and Tesla shares fall after surging 15% on Monday.…

Binance’s clash with the SEC is up next as CZ faces sentencing

dlnews.com When Changpeng Zhao faces a judge on Tuesday to be sentenced for violating US banking law, the event may look a lot like closure. But it won’t be. Binance, the global crypto…

Tech journalism is often characterized by scandals, sensationalism, and shoddy research, and publishers are reluctant to invest in it without a clear ROI

asteriskmag.com “Researchers consider math to be a frontier of generative AI development,” the Reuters journalists wrote. Large language models are “good at writing and language…

US Auto Watchdog Mandates Automatic Emergency Braking Systems In New Vehicles By 2029

benzinga.com The National Highway Traffic Safety Administration (NHTSA) has announced that by September 2029, almost all new cars and trucks sold in the U.S. must be equipped with…

'Tesla Has The Endorsement' Of Xi Jinping's Government: This Is What 'Serious' Elon Musk Showed To Investors In China, Says Expert

benzinga.com Tim Higgins, author of “Power Play: Tesla, Elon Musk, and the Bet of the Century,” recently highlighted the seriousness of Tesla TSLA CEO Elon Musk as a key factor in…

Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids

techcrunch.com Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut…

Europe may need to impose tariffs of up to 55% to curb Chinese EV imports: report

cnbc.com Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. The European Union will need to levy higher-than-expected tariffs of up to 55% on…

Cryptocurrency: 3 Coins To Buy Under $0.5 in May 2024

watcher.guru The cryptocurrency market experienced the Bitcoin halving event last week where the supply of BTC was cut in half. The development makes Bitcoin scarcely available in the…

A surge in Tesla stock helped the U.S. market extend its rally. The S&P 500 gained 0.3% and the Dow and Nasdaq both rose 0.4%

wsj.com A surge in Tesla stock helped the U.S. market extend its rally. The S&P 500 gained 0.3% and the Dow and Nasdaq both rose 0.4%.

Elon Musk scores big for Tesla with visit to China

morningbrew.com Forget anything you heard about business travel being dead: In less than 24 hours, Elon Musk managed to replace talk of Tesla’s recent stumbles with hope for its role as a…

Beijing cleared Tesla to roll out its advanced driver-assistance service in China as Musk seeks to expand the use of the technology globally

wsj.com Beijing cleared Tesla to roll out its advanced driver-assistance service in China as Musk seeks to expand the use of the technology globally.

Upbeat Q1 Results Allay Macroeconomic Fears as Bulls Brace For a Rally

coingape.com According to a report by UBS, market sentiment is leaning toward an upward swing in contrast to the grim outlook touted by several pundits amid macroeconomic uncertainties.…

Elon Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules

nbcnews.com BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company’s China-made vehicles passed the country’s data security requirements, the…

Cathie Wood’s Ark Invest Banks on Chip, Tech Stocks in Latest Buy

coingape.com Cathie Wood’s Ark Invest collected chip-making and tech stocks in its latest buy on Monday. The firm’s stock collection has been relying more and more upon tech and chip…

Drake’s fake Tupac, a $50,000 Elon Musk romance scam, and AI-generated racist tirades: Deepfakes are terrorizing society

aol.com Hide your kids, hide your wife, and hide Elon Musk—because no one is safe from AI deepfakes. The U.S. Senate will hold a hearing on the NO FAKES act on Tuesday. The…

Elon Musk's full self-driving (FSD) software a 'really big deal'

aol.com Musk appeared to tout Tesla’s full self-driving (FSD) software on Monday as the company received major attention for reportedly taking a major step toward bringing it to…

EU’s unwinnable price war with Chinese EVs summed up: BYD cars are 11-fold more profitable in Europe vs. China

finance.yahoo.com As a fleet of vessels ship ultra-cheap electric vehicles like BYD into Europe from China, helpless European carmakers have watched on begging for regulators to save them…

Asana CEO calls Tesla the next Enron and says Elon Musk has misled customers

aol.com Asana CEO Dustin Moskovitz has been a critic of Elon Musk and Tesla for years, but his latest jabs at the billionaire CEO and his EV giant were a bit more pointed than…

TheStreet tech reporter Krietzberg departs for new opportunity

talkingbiznews.com Ian Krietzberg, a tech reporter for TheStreet.com, is leaving for a new opportunity. He has been at TheStreet since April 2023. He has been covering AI companies, safety,…

Elon Musk Can’t Solve Tesla’s China Crisis With His Desperate Asia Visit

wired.com Elon Musk will be pleased that his surprise jaunt to China on Sunday garnered many glowing headlines. The trip was undoubtedly equally a surprise to Indian prime minister…

China Musk

inc.com While Tesla has a major base in Shanghai, it wasn't clear whether he was attending the trade show.

Forget Tesla's Supercharging, Polestar's new charging tech can charge even faster

thestreet.com Move over, Elon Musk and Tesla (TSLA) , the speed demons at Polestar (PSNY) are making 'supercharging' look like a long, tired out ordeal. In a demonstrated fast charge…

No one is safe from AI deepfakes

fortune.com Hide your kids, hide your wife, and hide Elon Musk—because no one is safe from AI deepfakes. The U.S. Senate will hold a hearing on the NO FAKES act on Tuesday. The…

7 Diamond-in-the-Rough Stocks Worth Digging Up Now

investorplace.com These undervalued stocks blend a range of parameters to create a perfectly balanced mix of growth and value “Undervalued stocks” is a relative term — for some, it may mean a…

Stock Market Crash Alert: 7 Must-Buy EV Charging Stocks When Prices Plunge

investorplace.com Jon Wolfenbarger, a 32-year market veteran warns that despite the seemingly booming U.S. labor market, there are underlying weaknesses that suggest an imminent recession.…

Tesla’s Tremors: 3 EV Stocks That Could Announce Layoffs Next

investorplace.com Tesla was the canary in the coal mine of a coming EV stocks shakeout Tesla‘s (NASDAQ: ) announcement of cutting 10% of its global workforce shook the electric vehicle ( )…

Stock market today: US stocks edge higher ahead of earnings deluge and Fed policy meeting

aol.com None US stocks jumped on Monday, extending gains from last week as investors digest Q1 earnings results. • None The upcoming earnings reports of Amazon and Apple later this…

Tesla Q1: Facing A Liquidity Crunch; Dilution Ahead? (NASDAQ:TSLA)

seekingalpha.com Tesla, Inc. (NASDAQ:TSLA) has just reported its Q1 earnings, and the stock quickly jumped over 12%. Tesla has been selling off over the last year due to weak demand, price…

Tesla's 'Full Self Driving' Tech Poised to Accelerate in China Amid Sales Slump

inc.com Elon Musk says Tesla secured tentative approval to launch its driver assistance technology, which could give Tesla a competitive edge in China.

Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads

bostonherald.com On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a…

Stock market today: Stocks edge higher to start big week, Tesla surges 15%

finance.yahoo.com Stocks closed higher on Monday to kick off a big week filled with a Federal Reserve rate decision, the monthly jobs report, and earnings from more "Magnificent Seven" tech…

Tesla gains roughly $82 billion on 15% stock surge as top analyst sees ‘home run’ deal for Elon Musk in China

fortune.com Shares of Tesla rallied Monday after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for…

Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz

wolfstreet.com Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz Rental car operator Hertz Global Holdings has had a…

Tesla’s stock leaps on reports of Chinese approval for the company’s driving software

seattletimes.com Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval…

U.S. opens probe into 130,000 Ford vehicles over hands-free tech

cnbc.com A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. The National Highway Traffic Safety…

Tesla Surge Helps Stock Market Extend Gains

wsj.com Major U.S. indexes edged higher at the start of a busy week for corporate earnings and economic data. Tesla shares rose 15%.

Ford BlueCruise gets NHTSA probe after a pair of deaths

theregister.com The US National Highway Traffic Safety Administration is investigating an electric car maker whose self-driving software was involved in a pair of fatal collisions. It's not…

Stock Market Today: S&P 500 rides Tesla, Apple higher; Fed meeting eyed By

investing.com Investing.com-- The S&P 500 closed higher Monday, with Tesla and Apple leading the charge as quarterly earnings season continues to roll on just a day ahead of the latest…

Stock market today: Tesla and Trump Media soar ahead of Apple earnings

newsweek.com U.S. stocks ended fractionally higher on Monday, as investors awaited another busy week of earnings and economic data, including a Federal Reserve decision on interest…

Buying Into The Tesla Vision (NASDAQ:TSLA)

seekingalpha.com We argued in a previous article that Tesla, Inc. (NASDAQ:TSLA) is facing multiple headwinds like electric vehicle ("EV") market growth decelerating sharply or even…

Two 2024 tech laggards are driving the stock market higher Monday

cnbc.com Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.…