Amazon
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows
Elon Musk’s net worth crossed $400 billion, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX.
assembly plants
GM Cuts 1K Jobs In Cost-Cutting Reorganization
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
automobiles
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car, saying it would be “pointless” unless the car was fully autonomous.
AI
Tesla CEO Elon Musk unveils ‘Cybercab’ robotaxi
Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan.
2024
Ford Loses $1.3 Billion On Electric Vehicles In First Quarter of 2024
Ford Motor Company reported a loss of $1.3 billion in the first quarter of 2024 on electric vehicles or more than $130,000 for each EV sold.
Business
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Alison Steinberg
Consumer Demand For Electric Vehicles Drop
Those in the market for a new ride are rejecting over-priced and over-hyped electric vehicle
cars
Ford Delaying Electric SUV, EV Truck Production
Ford Motor has announced the car manufacturer is delaying production of the planned launches of three-row EVs in Canada and its next-generation pickup truck in Tennessee.
Biden administraion
Study Claims EV’s Release More Toxic Emissions, Are Worse For Environment Than Gas-Powered Vehicles
A new study claims that electric vehicles (EV) release more toxic emissions into the atmosphere and are worse for the environment than gas-powered vehicles.