By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is stacking up cash because he's battling a bargain drought — and he likely trimmed Apple because he felt overexposed to the iPhone maker, one expert says."You do have to watch and ...

Elon Musk told staff on April 15 that Tesla planned to cut more than 10% of its workforce.On Monday, Tesla staff entered their fourth straight week of layoff notices.Here's everything you need to know about what led to the layoffs and what's happened since. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address B ...

By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Alphabet, Google's parent company, releases its earnings data every quarter. Sundar Pichai, who is the CEO of Google and Alphabet, joins the earnings calls to deliver updates and answer questio ...

Netflix is reportedly nearing a deal to stream two NFL games on Christmas Day.That's a big pivot for a company that always said it didn't want to have sports on the service.But the change makes sense: The reason to show sports is to sell ads. Netflix didn't use to be in the ad business — but now it is. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed w ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApparently, Elon Musk really is still game for Superchargers.On Friday, the billionaire Tesla chief took to X to clarify that he was, in fact, still very committed to building out Tesla's Supercha ...

Disney and Warner Bros. Discovery announced a new bundle service. The new bundle will include Disney+, Hulu, and Max. The streaming bundle will become available to viewers this summer.  Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy ...

Rich Otto, former head of product launches at Tesla, said he resigned last week.The executive said the recent Tesla layoffs have thrown the company "out of balance."Otto's departure follows six other senior-level Tesla executives leaving in recent weeks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By c ...

Baidu's public relations lead just made a major PR blunder.Qu Jing, executive at the Chinese firm, posted several videos online encouraging extreme work. In one video, she claimed she could destroy the careers of employees who failed to comply. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “S ...

Core Viewpoint - Tesla is facing increasing competition in the Chinese market, which is critical for its growth, as local rivals like BYD are outselling it, leading to a decline in Tesla's sales [3][4]. Group 1: Tesla's Market Position - Tesla's sales in China dropped to 62,167 cars in April, an 18% decrease from the previous year [3]. - BYD, a local competitor, delivered 145,576 battery-electric vehicles in the same month, significantly outperforming Tesla [3]. Group 2: Impact of Local Competition - The ecosystem created around Tesla's Shanghai Gigafactory has enabled local manufacturers to improve their EV production capabilities, intensifying competition for Tesla [2][4]. - Tesla's strategy of fostering local supply chains may have inadvertently strengthened its competitors, who now benefit from the same resources and knowledge [4]. Group 3: Pricing and Market Challenges - Tesla has been lowering prices in China to compete with BYD, but this strategy is becoming less effective as the global EV market slows down [6]. - In addition to competition in China, inexpensive Chinese cars are also entering European and Scandinavian markets, challenging Tesla's traditional strongholds [6]. Group 4: Strategic Moves - In response to these challenges, Tesla is sending Tom Zhu, a key executive, back to China to strengthen its market presence and support the rollout of Full Self-Driving software [7].

Group 1 - Tesla has significantly reduced job postings in North America from over 3,400 to just three, primarily affecting roles in California, Texas, and Nevada [1][2] - The company is experiencing a hiring freeze following a challenging quarter, which included layoffs, executive departures, and missed earnings estimates [2][3] - The remaining job roles are part of a "manufacturing development program" that offers limited training opportunities rather than full-time positions [2][3] Group 2 - Tesla revoked summer internship offers shortly before their start dates, indicating further tightening of hiring practices [3] - In Europe, Tesla has 28 job openings, mainly at its Brandenburg Gigafactory in Germany, with no postings in other regions outside Europe [3] - The company previously announced plans to cut over 10% of its workforce, which translates to potentially over 20,000 employees being asked to leave [3]