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By Peter CATTERALL BEIJING, April 28, 2024 (AFP) – Tech billionaire and Tesla CEO Elon Musk was in China for talks on Sunday, making his second trip in less than a year to the world’s biggest market for electric vehicles. Chinese state broadcaster CCTV said Musk — one of the world’s richest people — held a meeting with a top trade official, publishing a photograph of the X owner at Beijing’s grand Diaoyutai state guesthouse. […]
NEW YORK, April 15, 2024 (AFP) – Tesla plans to lay off “more than 10 percent” of its global workforce, news site Electrek reported Monday, publishing an email from Chief Executive Elon Musk announcing the cuts. The job cuts were needed after “rapid growth” that has led to duplication of roles, Musk said in the email to staff, according to Electrek, an online news site focused on electric vehicles (EV). “There is nothing I hate […]
FRANKFURT, Germany, Feb 21, 2024 (AFP) – Tesla said Wednesday it will have to rethink expansion plans for its German factory, the electric carmaker’s only European plant, after local residents opposed them in a vote. The vote, which was not legally binding, related to a project to expand the Gruenheide site, south of Berlin, by 170 hectares (420 acres), from a current size of 300 hectares. The US company hopes to increase production at the […]
NEW YORK, Jan 31, 2024 (AFP) – A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid. The judge in Delaware Chancery Court ruled that the plaintiff, a Tesla shareholder named Richard Tornetta, was “entitled to rescission,” approving the annulment of Musk’s 2018 humongous compensation agreement worth as much as $55.8 billion. Judge […]
By John BIERS Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk’s electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company’s earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes. “Our company is currently between two major growth waves,” said Tesla. It […]
BEIJING, Jan 5, 2024 (AFP) – Tesla is recalling more than 1.6 million electric vehicles in China, the country’s market regulator said Friday, owing to software issues that could pose safety risks while driving. The recall — sparked by the discovery of problems with assisted driving functions and door-locking systems — will be conducted through remote ‘over-the-air’ (OTA) updates to the cars’ software. China is a vital component in US-based Tesla’s global layout, both as […]
NEW YORK, Dec 14, 2023 (AFP) – Electric car maker Tesla has initiated a recall of over two million vehicles in the United States and Canada due to risks associated with the autopilot software, national regulators said Wednesday. In cases where vehicle operators misuse Tesla’s driver-assistance program or fail to recognize when the system won’t work well, “there may be an increased risk of a collision,” said a notice from the US National Highway Traffic […]
By John BIERS NEW YORK, Nov 30, 2023 (AFP) – Tesla began customer deliveries of the Cybertruck on Thursday, bringing to fruition an Elon Musk passion project that the billionaire boasts is stronger than bullets and faster than a Porsche. “It’s very rare that a product comes along that is seemingly impossible… that experts said would never be made,” a giddy Musk told a crowd at Tesla’s Austin, Texas headquarters. “And this is one of […]
By Léa PERNELLE One of the world’s biggest auto shows opened in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But carmakers used Monday’s press preview as an early chance to show off some of the new models that will […]
Tesla is under investigation over accusations that it misused company funds to work on a secret glass house project for CEO Elon Musk, the Wall Street Journal reported on Wednesday. The project is being investigated by US prosecutors as well as the Security Exchange Commission (SEC), the markets regulator, the report said. The Wall Street Journal had earlier reported that Tesla employees had complained to the company’s board about the project, which is known as […]
SHANGHAI, July 6, 2023 (AFP) – Electric car giant Tesla is set to realise fully autonomous vehicles “later this year”, CEO Elon Musk said Thursday, in the billionaire’s latest forecast for the long-anticipated milestone. “In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision,” Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai. “This is only […]
BEIJING, June 1, 2023 (AFP) — Lavish meals, gushing praise and memes about “Comrade Musk” — China showered the Tesla CEO with admiration during his whistlestop tour of the country this week. The mercurial magnate is a controversial figure in the West but widely admired in China, where Tesla’s electric vehicles have become a staple of middle-class urban life. His visit was welcomed by Zhu Qi, a Tesla owner from the central city of Changsha. […]
