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Tesla Layoffs To Continue Through June, Morale Low Among Workers

By Shivani Kumaresan
May 20, 11:56 AM
Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security. Former sales representative Michael Minick described the situation as walking on eggshells daily. This ongoing turmoil has contributed to a 29% decline in Tesla's share value this year, with a $224 billion loss in market capitalization.

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Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report

By Shivani Kumaresan
May 17, 6:59 AM
Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD) system, reflecting a shift to secure local processing capabilities and adapt to the competitive EV market. The initiative underscores Tesla's focus on leveraging Chinese data for AI development amid U.S. tech transfer restrictions.

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Tesla Told To Face Autopilot Lawsuit In The Wake Of Safety Probes- Report

By Shivani Kumaresan
May 16, 8:40 AM
Tesla Inc. (NASDAQ: TSLA) faces a class-action lawsuit for allegedly misleading consumers about its self-driving technology. The lawsuit claims Tesla falsely stated in 2016 that future cars would have full self-driving capabilities. Judge Rita Lin allowed several fraud claims to proceed, highlighting ongoing concerns about Tesla's autonomous driving promises and raising questions about the company's future in autonomous vehicle technology.

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Tesla Sued In California For Environmental Violations

By Shivani Kumaresan
May 14, 2:28 PM
Tesla Inc (NASDAQ:TSLA) faces mounting legal woes as an environmental nonprofit, the Environmental Democracy Project, files a lawsuit alleging violations of the Clean Air Act. The suit accuses Tesla's Fremont plant of emitting harmful pollutants, endangering residents and workers. With potential fines of up to $121,275 per day per violation, Tesla's regulatory challenges escalate amid increased scrutiny over its environmental practices.

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