Tesla

Tesla’s board reportedly sought a successor while Musk wheeled around Washington

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According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending. Board members reportedly met with Musk to express concerns about his […]

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Tesla board member Joe Gebbia actually bought some stock

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Tesla board member and Airbnb co-founder Joe Gebbia acquired about 4,000 shares of the automaker’s stock, a purchase that has a value of about $1 million and change, according to a regulatory filing. That’s not a significant stock purchase, and certainly not for the billionaire board member, as Electrek noted in its reporting. It’s notable

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Tesla begins ‘FSD Supervised’ ride-hail tests with employees in Austin, Bay Area

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Tesla has started testing its autonomous ride-hail service with employees in Austin and the Bay Area ahead of the company’s planned robotaxi launch this summer. “FSD Supervised ride-hailing service is live for an early set of employees in Austin & San Francisco Bay Area,” the company posted Wednesday on X. FSD stands for “Full Self-Driving,”

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Anti-Musk protests are now an official risk to Tesla’s business

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Protests against Elon Musk and Tesla have been spreading around the world thanks to the CEO’s involvement in the Trump administration. Now those protests are listed in an official “risk factor” in paperwork Tesla is required to file with federal regulators. The new language, filed with the Securities and Exchange Commission on Wednesday morning, shows

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Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment

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Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the

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NHTSA’s self-driving safety staff reportedly ‘disproportionally affected’ by DOGE cuts

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The cuts that Elon Musk’s Department of Government Efficiency made at the National Highway Traffic Safety Administration in February “disproportionately affected” employees working on vehicle automation safety, according to The Financial Times. That division was formed in 2023 and therefore included a number of staffers who were still in their initial probationary hiring period, which

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