Core Insights - Elon Musk has postponed a trip to India, originally scheduled for April 21-22, due to "very heavy obligations" at Tesla, which includes a planned investment of $2-3 billion in a new plant [1] - Tesla is expected to report its worst performance in seven years, with a significant decline in deliveries and a reduction of over 10% in its global workforce, amounting to at least 14,000 roles [2] - Analysts express concerns regarding Tesla's growth in China, the development of a cheaper electric car known as "Model 2," and the potential impact of a shift towards self-driving robotaxis on existing projects [2] Group 1 - Musk's visit to India was anticipated to include meetings with Prime Minister Narendra Modi and executives from space industry startups [3] - Tesla's deliveries missed market expectations by approximately 13%, indicating a slowdown in global demand for electric vehicles [2] - The company's shares have declined by 40% so far this year, leading analysts to describe the upcoming conference call as a "moment of truth" for Musk and Tesla [2] Group 2 - There are reports that Tesla has halted the development of the Model 2, which Musk publicly disputed, claiming "Reuters is lying" without providing specifics [3] - Musk is also awaiting regulatory approvals from the Indian government to launch the Starlink satellite broadband service in India [3] - Longtime supporters of Tesla are reportedly losing faith in the company's future, marking a shift in sentiment compared to previous challenging periods [3]

Tesla slashed prices off three of its five models in the US late on Friday, then went on to cut prices around the globe – including in China and Germany – as the company faces falling sales, a Cybertruck recall, and an intensifying war for electric vehicles (EVs).On Friday, the company, led by the billionaire Elon Musk, cut the prices of the Model Y, a small SUV that is Tesla’s most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive mod ...

Tesla recalled all Cybertrucks Friday after federal safety regulators contacted the company over malfunctions with the vehicle’s accelerator pedal. New Cybertruck orders have been reportedly cancelled or stalled. The news follows numerous reports of embarrassing Cybertruck failures.The recall represents a major blow to Tesla, which has weathered a difficult year, seeing poor earnings reports in recent quarters as competing Chinese electric vehicle manufacturers encroach on the electric vehicle market.“This ...

Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.The models will be integrated into virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers. The assistant will be given more prominent billing within Meta’s Facebook, Instagram, WhatsApp and Messenger apps as well as a ...

We’re interested in hearing from people who have made a booking for accommodation on an online travel platform, only for their host to cancel it at the last minute.Earlier this year, Taylor Swift fans in Australia were left without accommodation after Airbnb hosts cancelled their bookings. Airbnb’s “host cancellation policy” does not seem to have deterred hosts from then relisting their properties at a higher price. Has something similar happened to you? Are you a Swiftie whose plans to watch her European t ...

Core Viewpoint - Tesla is seeking shareholder approval for CEO Elon Musk's $56 billion pay package, which was previously rejected by a Delaware judge as unfair to shareholders [1][2] Group 1: Compensation Details - The compensation package includes no salary or cash bonus, but is tied to Tesla's market value reaching up to $650 billion over the next 10 years [1] - Tesla's current market valuation is over $500 billion according to LSEG data [1] - Musk's compensation for 2023 was reported as $0, as he does not take a salary and is compensated through stock options [2] Group 2: Legal Context - The Delaware court ruling, which nullified the pay package, was described by the judge as "an unfathomable sum" [1] - The ruling can be appealed, and Tesla's board disagrees with the court's interpretation of corporate law [1] Group 3: Corporate Actions - Tesla suggested subjecting the original 2018 pay package to a new shareholder vote if legally advisable [2] - The company is also urging investors to approve its decision to move its state of incorporation from Delaware to Texas [2] - Shares of Tesla were up 1% before the market opened [2]

An internal service for Boeing employees to raise safety and quality concerns has “exploded” this year, an executive claimed, after a whistleblower said he endured retaliation for speaking up.The planemaker has come under intense scrutiny since a terrifying cabin panel blowout in January prompted fresh questions about the production of its bestselling commercial jet, the 737 Max.But the Federal Aviation Administration is now investigating allegations by Boeing engineer Sam Salehpour that the manufacturing g ...

Tesla is reportedly laying off more than 10% of its global workforce, equivalent to at least 14,000 roles.The electric carmaker’s chief executive, Elon Musk, said he had made “the difficult decision to reduce our headcount by more than 10% globally”, in a memo reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report.Musk wrote that Tesla had grown rapidly in recent years and that as a result there had been “duplication of roles and job functions in certain ar ...

US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap.The Southwest Airlines Flight 3695 returned safely to Denver international airport at about 8.15am local time (15.15 BST) on Sunday and was towed to the gate. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured.The airline said maintenance teams are reviewing the aircraft.The plane entered service in Jun ...

Meta, owner of Facebook and Instagram, announced major changes to its policies on digitally created and altered media on Friday, before elections poised to test its ability to police deceptive content generated by artificial intelligence technologies.The social media giant will start applying “Made with AI” labels in May to AI-generated videos, images and audio posted on Facebook and Instagram, expanding a policy that previously addressed only a narrow slice of doctored videos, the vice-president of content ...