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04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
03/25/2024
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By Ava Grace
Hertz CEO Stephen Scherr steps down in wake of company’s disastrous bet on EVs
Stephen Scherr, who ran rental car giant Hertz for over two years after three decades at Goldman Sachs Group Inc., has decided to step down in the wake of a disastrous bet on electric vehicles (EVs) that the company began unwinding in recent months. Hertz will replace him with Gil West, the former chief operating officer of […]
01/29/2024
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By Laura Harris
Apple to launch own EV in 2028 after SCRAPPING plans to create a fully autonomous car
Tech mega-corporation Apple is planning to launch its first-ever electric vehicle (EV) in 2028 after years of setbacks, executive turnover and ambitious visions of creating a fully autonomous vehicle without a steering wheel. The EV project, known as Project Titan and T172, has been marred by leadership changes, strategy shifts, layoffs and multiple delays since its […]
01/23/2023
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By Cassie B.
Microsoft to cut 10,000 jobs in latest Big Tech layoffs
Microsoft has joined a wave of other tech companies in announcing mass layoffs, cutting around five percent of its overall workforce. A securities filing last week noted that they would be laying off 10,000 employees as part of a range of measures aimed at cutting costs in the wake of economic uncertainty. Ahead of the […]
05/26/2021
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By Franz Walker
Drop in cryptocurrency prices raises questions about their stability
Cryptocurrencies, such as bitcoin and dogecoin, went through a roller coaster the past few weeks, with prices falling from previous highs. While the values of cryptocurrencies remain high, it’s raised fears about their stability. The values of various cryptocurrencies fell over the past few weeks after Tesla CEO Elon Musk pulled the automaker’s support for bitcoin on environmental grounds. Prices […]
07/12/2018
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By JD Heyes
Increasingly erratic Elon Musk sells out America, announces massive new manufacturing plant in China as endless HYPE wave continues
Billionaire business magnate and entrepreneur Elon Musk has made a fortune as an innovator and investor — largely in America — but when it comes to giving back, he would rather spend his fortune elsewhere. Like China. And at a time when President Donald Trump is attempting to correct a massive trade imbalance with the […]
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