‘Not Good’ For Tesla If It’s True, Says Fund Manager, As New Report Says EV Maker Has Put Sub-$30K Vehicle On Hold
Tesla's strategic direction hasn't been received well by investors and the stock is on extended downtrend now.
Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement
Meta Platforms, Inc will stop operating Threads in Turkey on April 29 due to an order from the Turkish Competition Authority, but plans to appeal and reinstate the app soon. It also lowered fees for ad-free versions in Europe.
American Airlines Pilots Warn Amid Safety Concerns Surge: Report
Allied Pilots Association alerts American Airlines pilots to a surge in safety concerns. Memo highlights trends like tools left in wheel wells, emphasizing the need for vigilance and safety precautions.
BP Trims Workforce In Its EV Charging Business: Report
BP Pulse, the electric vehicle charging business of BP, reportedly plans to cut over 10% of its workforce as it focuses on US, UK, Germany, and China markets.
Brake Assist Concerns: NHTSA Reportedly Probes 3,322 GM Cadillac Lyriq EVs
The U.S. National Highway Traffic Safety Administration (NHTSA) has reportedly initiated a preliminary investigation into complaints concerning brake assist loss in 3,322 General Motors Cadillac Lyriq electric vehicles.
Samsung Secures $6.4B from US for Texas Chip Factory After Nvidia Supplier TSMC’s Breakthrough
US govt awards Samsung $6.4B to expand chip-making operations in Texas, supporting Biden's initiative. Samsung to create 17K jobs & boost US chip production.
Amgen, Shell And More On CNBC’s ‘Final Trades’
On CNBC’s "Halftime Report Final Trades," Amy Raskin of Chevy Chase Trust said Shell plc (NYSE: SHEL) has 12% free
GE’s Historic Crotonville Academy Reportedly Sold: End Of An Era?
Crotonville's sale by GE marks a turning point in corporate training. As 3M and Boeing seek buyers for their retreats, Salesforce embraces remote learning. Larry Culp reflects on restructuring decisions, while Crotonville's legacy continues under new management.
BREAKING: Tesla Said To Be Laying Off Over 14,000 Employees
The layoff aims to reduce costs and eliminate the duplication of roles and job functions, Electrek reported, citing a company-wide mail sent by CEO Elon Musk.
Tesla Quietly Signed Deal With India’s Tata Electronics To Source Chips: Report
This story was first published on the Benzinga India portal.