Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But
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Motorists drive their vehicles past a billboard depicting named Iranian ballistic missiles in service, with text in Arabic reading “the honest [person’s] promise” and in Persian “Israel is weaker than a spider’s web”, in Valiasr Square in central Tehran on April 15, 2024. Iran on April 14 urged Israel not to retaliate militarily to an
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. JASON REDMOND | AFP | Getty Images Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
While Tesla is conducting broader layoffs, Electrek is learning that heads are rolling at Tesla over specific critical projects at Gigafactory Texas. Tesla announced today that it is laying off over 10% of its workforce. The automaker is again using “hiring inefficiencies due to rapid growth” as the reason for the layoffs. However, Electrek is
Electrek can confirm that Tesla indeed put its upcoming ‘$25,000 electric car, sometimes referred to as ‘Model 2’, on the back burner despite what Elon Musk said. The project was codenamed NV9. Tesla has been working on its ‘next-generation vehicle platform’ that is expected to enable much cheaper electric vehicles. The automaker has previously talked
As promised earlier today, Maserati has officially launched its third all-electric model, the GranCabrio Folgore, during its “Folgore Day” event in Rimini, Italy. We were on location for the debut of the new Maserati convertible, which features three all-electric motors and impressive performance specs. As mentioned earlier today, Maserati is celebrating 110 years in the
Take the win, or strike back? The question exercising Israeli minds in the wake of Iran‘s missile onslaught and the focus of intense debate in Jerusalem. The outcome will decide the immediate fate of this region. A return to shadow war, or all-out escalation into something much more serious. Joe Biden and other allies say
“Solar on Palm Desert Walmart” by Walmart Corporate is licensed under CC BY 2.0 In a major clean energy benchmark, wind, solar, and hydro exceeded 100% of demand on California’s main grid for 30 of the past 38 days. Stanford University professor of civil and environmental engineering Mark Z. Jacobson has been tracking California’s renewables
Israel has said there will be a response to Iran’s drone and missile barrage over the weekend, as the UK and US urge Tel Aviv to not strike back amid concerns of a wider conflict erupting in the Middle East. Israel’s military chief Lt Gen Herzi Halevi said it is still considering its steps after
There are warnings that drivers will face fresh delays next month after a second full weekend closure of the M25 was announced. It comes just a few weeks after a nearby section was shut so a bridge could be demolished in what was the motorway’s first-ever planned daytime closure since it opened in 1986. From
Jeep has high hopes for its first 100% electric SUV in the US. The rugged SUV brand is preparing to reverse slumping sales with new EVs that Jeep believes can compete with the best. Jeep’s CEO, Antonio Filosa, believes the Wagoneer S electric SUV can take market share from Tesla’s best-selling Model Y. After its
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024 in London, England. Leon Neal | Getty Images Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and
The FTSE-250 engineering services company John Wood Group is facing fresh calls to launch a strategic review almost a year after the collapse of a £1.7bn takeover bid. Sky News has learnt that Sparta Capital Management has written to Wood chairman Roy Franklin to urge him to explore a US listing or a sale of
No military options come without complications and though the Israeli Defence Forces (IDF) are undoubtedly strong, they face many complications in considering whether, and how, to strike back against the barrage of drones and missiles Iran launched against them at the weekend. Many strategic analysts in the IDF argue that the Iranian attack showed that
Two police officers have been suspended over claims they leaked the details of undercover colleagues to an organised crime gang. Police Scotland has launched an investigation and a number of properties have been raided as part of the probe. The investigation is being led by the force’s Professional Standards Department (PSD). It is understood the
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe on Monday released its artificial intelligence assistant, which helps users understand the contents of digital documents. Monthly
Donald Trump described the hush money case against him as an “assault on America” as he arrived at court in New York ahead of his historic trial. The former US president is accused of criminally altering business records to cover up a $130,000 (£104,200) payment to adult film actress Stormy Daniels, real name Stephanie Clifford,
Iran’s unprecedented attack on Israel and Russia’s full-scale war in Ukraine – in defiance of calls for restraint – appear to expose a growing weakness by Western allies to deter threats. Unless addressed, this could see the unravelling of a global order that has favoured liberal democracies over authoritarian regimes since the end of the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Tesla shares were down over 1% in premarket trade Monday on media reports that the automaker will lay off more than 10% of its global workforce. The company’s
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