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| February 22, 2019

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Musk Archives -

CNN

Tesla cuts 3,000 jobs as Musk cites ‘difficult’ future

January 21, 2019 |

Tesla has announced plans to cut its full-time workforce by 7% as it works to increase Model 3 production.
CNN.com – RSS Channel – World

Tesla layoffs loom and its stock price plunges as Musk shifts focus from growth to survival

January 19, 2019 |

In an email to employees Friday, Tesla Chief Executive Elon Musk painted a dim picture of the company’s near future. He said Tesla’s cars are “still too expensive for most people,” and that to cut costs, the company would have to cut 7% of its full-time workforce.

Tesla’s stock plunged 13% on the…


L.A. Times – Business

Musk Has Unusual Reason for New Round of Layoffs

January 18, 2019 |

Last year was “the most successful year in Tesla’s history,” with sales almost as high as all previous years combined—but around 3,000 workers are going to have to lose their jobs because the company’s cars are too expensive, Elon Musk wrote in a letter to employees Thursday. The…
Newser

Hungry for cash, Musk says company can no longer afford free Supercharging for new buyers

January 18, 2019 |

Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers.

“It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet…


L.A. Times – Business

Elon Musk aims to test SpaceX’s Starship hopper next month, tweets mock-up

January 5, 2019 |

Elon Musk is aiming to test SpaceX’s Starship hopper in the next four weeks, “which probably means 8 weeks, due to unforeseen issues,” the company’s chief executive said in a tweet Saturday.

Musk also tweeted a mock-up picture of the Starship test vehicle currently under assembly in Boca Chica,…


L.A. Times – Business

Musk: ‘Pedo’ Was an Insult, Not a Statement of Fact

December 27, 2018 |

When Elon Musk called the British diver aiding in the rescue of a Thai soccer team stuck in a flooded cave “pedo guy,” it was an “imaginative attack”—not a statement of fact. And because of that, the Tesla founder’s attorneys argue, a defamation lawsuit filed in September against Musk…
Newser

Elon Musk says ‘pedo’ insults aimed at cave-rescue volunteer are protected by 1st Amendment

December 27, 2018 |

Tech entrepreneur Elon Musk has moved to have a defamation lawsuit against him dismissed, arguing that his insults aimed at a Thai-cave rescue volunteer whom he called a “pedo” and a “child rapist” were merely opinions and protected by the 1st Amendment.

“This motion boils down to a single question,”…


L.A. Times – Business

Musk: First Tunnel Ride Was ‘Epic’

December 19, 2018 |

Elon Musk unveiled his underground transportation tunnel on Tuesday, allowing reporters and invited guests to take some of the first rides in the revolutionary albeit bumpy subterranean tube—the tech entrepreneur’s answer to what he calls “soul-destroying traffic.” Guests boarded Musk’s Tesla Model S and rode along Los Angeles-area surface…
Newser

When Working for Musk, Beware ‘Elon’s Rage Firings’

December 16, 2018 |

Those fascinated or even mildly interested in the doings of Elon Musk will want to make time for a long and often unflattering profile in Wired by Charles Duhigg. The story paints a picture of a brilliant CEO for whom it can be absolute misery to work. One Tesla manager,…
Newser

Musk: Tesla Might Buy Plants GM Is Closing

December 10, 2018 |

Tesla CEO Elon Musk has dismissed the idea that the company’s new chairwoman can exert control over his behavior. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of as part of a securities fraud settlement with US government regulators. But…
Newser