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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 […]
01/23/2024
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By Olivia Cook
Car rental company SIXT drops Tesla EVs from its fleet due to poor resale value, high repair costs
Car rental company SIXT has announced that it would drop Teslas from its electric vehicle (EV) fleet due to poor resale value and high repair costs. In an email to customers obtained by Bloomberg, the company cited higher repair costs for EVs compared to gas-powered counterparts as a main reason for the move. These higher […]
06/01/2023
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By Arsenio Toledo
SHRINKING BIRD: Twitter now worth just one-third of what Elon Musk paid to purchase it
Twitter is now valued at just about one-third of what owner Elon Musk paid for it last year, according to a financial services company. Billionaire and tech giant Musk took over the social media platform in October 2022 by paying a whopping $44 billion for the company, including $33.5 billion paid in equity. Now, Boston-based financial services […]
04/06/2023
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By Cassie B.
Elon Musk asks judge to toss $258 billion racketeering lawsuit against him over Dogecoin support
Elon Musk has asked a judge to toss out a $258 billion racketeering lawsuit stemming from his support for the meme cryptocurrency dogecoin. The suit was filed by a group of investors who accused Musk of intentionally driving up the price of Dogecoin by more than 36,000 percent across a period of two years before […]
02/23/2023
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By Kevin Hughes
PAY UP! Elon Musk-led Twitter now facing more than $14M in unpaid bills
Social media giant Twitter – now led by Elon Musk – is now barraged by lawsuits demanding that it pay its bills amounting to more than $14 million plus interest. At least nine lawsuits were filed by landlords, consultants and vendors who, in the past months, have demanded payments. The suits came amid the company […]
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 […]
01/16/2023
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By Cassie B.
Tesla announces $775 million investment in Texas Gigafactory, slashes prices on EVs
Just days after Tesla announced significant price cuts on its electric vehicles, the company announced a big investment in its Gigafactory in Austin, Texas. The automaker has unveiled a $775.7 million plan that will see four new buildings being constructed at the site, where it currently produces electric vehicles and their batteries. The new facilities […]
12/12/2022
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By Ethan Huff
FTX head Sam Bankman-Fried funneled $1 billion in stolen funds to Democrats – “Where did it go?” asks Elon Musk
Before its fraud-induced implosion, Sam Bankman-Fried’s (SBF) FTX crypto empire funneled more than $1 billion to Democrats, according to billionaire electric vehicle (EV) tycoon Elon Musk. What Musk now wants to know is: “Where did it go?” We know about the roughly $40 million in stolen investor cash that was handed over to the leftist […]
09/09/2022
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By Cassie B.
$258 billion Dogecoin racketeering lawsuit filed against Elon Musk has expanded – massive crypto pump and dump scheme alleged
A high-profile racketeering lawsuit filed against Elon Musk accusing the Tesla CEO of running a pyramid scheme involving the cryptocurrency Dogecoin has now expanded. An amended complaint that was filed this week in a Manhattan federal court saw seven new investor plaintiffs added to the suit as well as six new defendants. The lawsuit maintains […]
08/17/2022
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By Belle Carter
Lithium production setback will hinder EV growth; locals revolt over lithium mining impacts on water supplies
Lithium production suffered a major setback at a time when battery makers desperately need the metal, which is a key component in electric vehicle (EV) batteries. Earlier this year, Chinese EV giant BYD Co. won a government contract to mine lithium in Salar de Atacama, Chile – a California-sized chunk of terrain that holds 55 percent […]
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