Vivek Ramaswamy, the former co-leader of the Department of Government Efficiency (DOGE), has clarified his departure from the organization. He is now focusing on pursuing elected office, particularly at the state level, with a potential bid for the Ohio governorship.
Tesla's White Interior Option for Refreshed Model Y Launch Series Sells Out Before First Deliveries
Electric vehicle giant Tesla Inc has marked the option for white interiors as sold out on its launch series of the refreshed Model Y vehicle in the United States. This development comes even before deliveries have started, highlighting the strong demand for the new model.
Tesla to Cut Over 10% of Workforce by Year's End
Tesla Inc, a leading electric vehicle (EV) manufacturer, has announced a significant reduction in its workforce. As of December 2023, the company had 125,665 employees, marking a 10.5% decrease from the previous year.
Tesla Deliveries Expected to Decline in 2025 Amid New Model Releases
Tesla Inc is expected to see a decline in its EV deliveries in 2025, despite the company’s promise to release new and more affordable models. According to researcher Troy Teslike, deliveries are expected to drop by 1% to 1.77 million units, below the company-compiled consensus estimate of over 2 million units.
Elon Musk Downplays Fears Over Trump's Electric Vehicle Policies
Elon Musk, the CEO of Tesla Inc, has been increasingly involved in politics, which may have affected the brand value of the electric vehicle company. Despite this, Musk remains committed to a sustainable future and has expressed his support for ending the $7,500 federal tax credit for electric vehicles.
Tesla Shares Climb in Premarket Trading Amid FSD Controversy
Tesla Inc. stock experienced a significant surge of over 3% in premarket trading on Thursday. This increase occurred despite the company’s failure to meet fourth-quarter revenue estimates and the announcement that existing cars would require hardware upgrades to support full self-driving (FSD) capabilities.
Criticism of Tesla's Autonomous Driving System: Dysfunction in Adverse Conditions
Tesla’s autonomous driving system has come under scrutiny following a comment from prominent investor Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. Gerber stated that his Tesla’s Full Self-Driving (FSD) system becomes ineffective when dust or ash interferes with the cameras, or when dealing with sun glare.
Tesla Expects Weeks of Disrupted Production with New Model Y Launch in Q1
Tesla Inc. CEO Elon Musk has announced that all of the company’s factories will start producing the new Model Y vehicle in February. However, this launch will result in several weeks of lost production in the first quarter due to retooling of factories.
Elon Musk Rejects LiDAR Technology, Citing Human Vision as a Guide
Elon Musk, CEO of Tesla Inc., has reiterated his criticism of LiDAR technology, stating that it is not necessary for self-driving cars. Musk believes that human vision is a better guide for autonomous driving, and that cameras and digital neural nets are sufficient for navigating roads.
Tesla Predicts 50% Jump in Energy Storage Deployments for 2025 Following Q4 Revenue Doubling
Tesla Inc. has reported a significant 113% increase in revenue from its energy generation and storage segment for the fourth quarter. This growth was achieved despite an 8% decline in automotive revenues.