Page 4 - Tesla Inc

SpaceX rocket fails, leaves Starlink's internet satellites in wrong orbit

A SpaceX rocket has failed for the first time in nearly a decade, leaving the company's internet satellites in an orbit so low that they're doomed to fall through the atmosphere and burn up. The Falcon 9 rocket blasted off from California on Thursday night, carrying 20 Starlink satellites. Several minutes into the flight, the upper stage engine malfunctioned. SpaceX on Friday blamed a liquid oxygen leak. The company said flight controllers managed to make contact with half of the satellites and attempted to boost them to a higher orbit using onboard ion thrusters. But with the low end of their orbit only 84 miles (135 kilometres) above Earth less than half what was intended our maximum available thrust is unlikely to be enough to successfully raise the satellites, the company said via X. SpaceX said the satellites will reenter the atmosphere and burn up. There was no mention of when they might come down. More than 6,000 orbiting Starlinks currently provide internet service to ...

Elon Musk beats $500 million severance suit over mass Twitter layoff

Several similar cases filed by former Twitter employees and executives are moving through the courts

In a first, Tesla deliveries expected to dip 6% for second straight quarter

Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker

Tesla seeks to delay July hearing in battle over Musk's pay package

A delay in the hearing would further hold up the judge's decision on how much to award in lawyer compensation

Supercar maker Ferrari's first electric car to cost over $500,000

The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

Elon Musk plans stock-based compensation to Tesla's high-performers

Tesla last year skipped merit-based stock awards to employees

Warren Buffett's Berkshire Hathaway trims its stake in China's BYD

Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)

Tesla CEO Musk's pay package gets nod from 77% of votes at investor meet

In 2018, 73% of Tesla investors had voted in favor of the same pay package, which was voided by a Delaware judge this year

Musk convincing Tesla investors for his pay. Now he must persuade a judge

Many major shareholders and some smaller ones voted against the pay package, frustrated by the size of the award, slowing business at Tesla and Musk's growing list of distractions

SpaceX sued by eight engineers fired after accusing Elon Musk of sexism

The engineers - four women and four men - claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a 'distraction and embarrassment'

Early Tesla bulls giving up on stock, as doubt on future growth loom

The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high

Proxy adviser urges Tesla shareholders to reject Elon Musk's pay package

The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan

Tesla doing damage-control, offers discounts to European fleet buyers

The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service

Tesla plans to fire 601 more employees in California amid falling sales

The electric carmaker said last month it would lay off 6,020 people in California and Texas, as part of the headcount cuts

Tesla sends top executive Tom Zhu back to China as sales slump worsens

After surging 15 per cent following Musk's Beijing visit, the stock has retraced more than half those gains, as the company deals with a myriad of issues

China's EV maker Nio strikes deal with larger rival BYD to source batteries

Nio currently buys most of its batteries from industry-leader CATL

Why is Elon Musk's Tesla Inc. suing Gurugram-based Tesla Power India?

American EV manufacturer has lodged a complaint with the Delhi High Court against Gurugram-based Tesla Power India for violating its trademark

Musk fires Tesla EV charging team, blindsiding automobile manufacturers

General Motors, Ford and other automakers which struck deals last year to give customers access to the network said they are not changing their plans

Tesla's self-driving bid for China faces competition moving ahead

While Tesla relies only on cameras to detect hazards around self-driving cars, other automakers are rolling out systems that include lidar, which uses pulses of light to detect objects