Thursday, November 21, 2024
District Attorneys from eight Bay Area counties and 17 others filed the suit against Tesla, prompting the electric vehicle maker to commit to better waste management practices. Tesla will also adhere to a five-year injunction requiring staff training and third-party evaluations.
Recent developments suggest possible layoffs looming at Tesla as managers evaluate job criticality amidst canceled performance reviews, raising concerns among employees. With shares down 26% in 2024 despite 2023 growth, Tesla's workforce doubling since 2020 faces uncertainty, while reports hint at ongoing recruitment amid internal restructuring efforts.
Toyota, Ford, and Honda report earnings this week, facing challenges like higher costs, supply-chain issues, and pricing concerns. Toyota's shares outperform Tesla's, and its Chairman, Akio Toyoda, expresses skepticism about EV adoption in countries lacking charging infrastructure.
In 2025, Tesla is planning to launch an affordable compact crossover electric vehicle, targeting the mass market. Speculation is growing that it may become Tesla's most competitively priced offering. The new model, codenamed "Redwood," is set for production by mid-2025, resembling a small crossover.
Continued cold weather in Chicago brings challenges to daily life, impacting Tesla Charging Stations in Oak Brook, causing EVs to queue for charging. Some owners abandoned their cars due to the cold. Many Tesla drivers faced difficulties at Oak Brook's Tesla Supercharger station as freezing temperatures took a toll. Electric vehicle issues in cold weather affect not just Tesla, with EV batteries draining faster in freezing temps.
Samsung Electronics Co., Ltd. has unveiled an exciting partnership with Tesla at CES 2024, offering groundbreaking solutions for home energy transformation. Utilizing Tesla's open APIs, the collaboration seamlessly integrates SmartThings Energy with Tesla products.
In compliance with new U.S. vehicle-testing rules, Tesla downscales estimated electric vehicle ranges. This move aims to align performance claims with real-world outcomes. However, it's stirred controversy, highlighting discrepancies and historic manipulations
Rivian's struggle with Q4 deliveries, down 10% from predictions, caused a 10% stock drop amidst EV market turbulence. Tesla's overperformance contrasts Rivian's setback, impacting pre-market trading. Rising U.S. interest rates trigger EV price competitions, while Amazon delays Q4 deliveries, focusing on holiday sales.