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Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed."
SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers in the mass market, Tesla on the premium end and Jeep in the off-road segment.
Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits.
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk.
YOKOHAMA, Japan (AP) — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant.
NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting 10% of its global workforce, marking the latest fallout from an intensifying EV price war as Chinese companies accelerate into the sector.
BERLIN (Reuters) -- Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.
(Reuters) -- Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.