Tesla CEO Musk Tells Newspaper He’s Cracking Under Stress
What do you do when your CEO confesses that he’s cracking under the stress of his job? That’s the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company’s impulsive leader, admitted to The New York Times that work is rattling his nerves in what he described as the most “difficult and painful year of my career.”
Tesla CEO Elon Musk Says ‘Funding Secured’ Tweet Followed Meeting With Saudis
Tesla’s Elon Musk said in a blog post he reported the funding was secured for a go-private transaction after meeting with the Saudi Arabian sovereign wealth fund July 31, after the Saudi fund bought almost 5% of Tesla stock.
Former Chief Tesla Vehicle Engineer Doug Field Returns to Apple
Apple Inc. said it rehired Doug Field after the executive spent about five years at Tesla Inc. in charge of vehicle engineering.
Elon Musk Considers Taking Tesla Private
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.
August 8, 2018Tesla Burns $739.5 Million in Cash on Way to Record 2Q Loss
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.
Israeli Entrepreneur Races Tesla to Get Electric Trucks on Road
Tevva Motors Ltd., headed by a former Israeli submariner who’s vying with Elon Musk’s Tesla Inc. to develop electric-powered trucks, secured a major investment that will enable it to put the vehicles on the road this year.
With Promised Semi on the Horizon, Tesla Cuts 9% of Workforce
Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk’s promise to turn a profit in the second half of the year.
June 12, 2018German Electric Carmakers Pose Threat to Tesla
Major German carmakers are rolling out stylish, sporty electric vehicles in the mold of Tesla's Models S, X and 3. Unlike Tesla, they have roughly a century of experience launching models every few months and can spread development costs across a broad portfolio.
City Furniture Orders Five Tesla Semis
City Furniture preordered five Tesla Semis, the electric-powered Class 8 truck that has received orders from such firms as DHL Supply Chain, FedEx Corp., J.B. Hunt Transport Services, UPS Inc. and Walmart Inc.
April 30, 2018Tesla Autopilot Chief Jim Keller Latest Executive to Leave Company
Tesla Inc.’s Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker led by CEO Elon Musk.