Elon Musk Apologizes For Underpaying Laid-Off Workers But Still Demands His Own $56 Billion Pay Day

Good morning! It’s Thursday, April 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Elon Musk Actually Apologizes For Something Elon Musk said some of … Read more

Elon Musk’s Robotaxi dreams plunge Tesla into chaos

Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”But even by Tesla standards, this year has been unruly. Its stock has slid more … Read more

Doubts swirl as India aims to be a developed economy by 2047: ‘there is a big gap’

Despite a challenging global environment, India’s gross domestic product grew by as much as 7.8 per cent in the year to March, according to International Monetary Fund estimates. China, meanwhile, reported GDP growth of 5.2 per cent in 2023. But economists say a host of legacy issues that could hinder investments still need to be … Read more

Tesla Creates Website To Convince Shareholders To Make Elon Musk $55 Billion Richer

Elon Musk is filthy, stinking rich. Despite Tesla’s current troubles resulting in his net worth tumbling a few billion, he’s still the third richest person on the planet. Apparently that wealth isn’t enough for him or Tesla. Now, the company actually created a website to convince shareholders that their part-time CEO deserves a $55 billion … Read more

Tesla Stock Down 40 Percent Over Last Year, Wiping Away $312 Billion In Market Cap

Good morning! It’s Friday, April 19, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla’s Stock Is In Freefall It has been an absolutely dismal year for Tesla’s stock price … Read more

Tesla wants to woo China customers with cheaper cars after Musk defers India visit plan

Tesla Inc. has reduced prices for all its vehicles in China, according to its official website, as the US car giant faces stiff competition from China while its boss Elon Musk also had to defer visit to India that would open up a new big market for the company. This move follows price cuts on … Read more

Tesla Cybertruck Gets A Recall For Pedals That Get Cyberstuck

The Tesla Cybertruck, a truck so rugged it can only be defeated by a car wash, was reportedly hit with a stop-sale recently because problems with its accelerator kept causing unintended acceleration issues. Don’t worry, though, just because a Cybertruck could attack at any time doesn’t mean it necessarily will. Also, TechCrunch reports that Tesla … Read more

Tesla Troubles, Helmet Laws And Worst Deals On New Cars In This Week’s News Roundup

Photo: Michael Ciaglo / Stringer (Getty Images) Riding a motorcycle is about as much fun as you can legally have as an adult, but there’s no getting around the fact that they’re incredibly dangerous. Even if you do everything correctly, you can still end up in the hospital courtesy of other drivers. Outcomes are much … Read more

Tesla Cybertruck Slippery Pedal Recall Caused By Soap

Image: Tesla Tesla issued a recall for every single Cybertruck built thus far, as well as a stop-sale that lasted nearly a week, and it’s something that can’t be solved with an over-the-air update. Apparently assembly line workers used slippery soap to get the truck’s throttle pedal pad onto the pedal, and leftover soap was … Read more

Environmentally Friendly Tesla Is Trying To Skirt Austin Pollution Laws

Tesla very much wants you to think that it is the cleaner alternative to those dirty, polluting gas cars. When you bought a Model S, you were helping save the planet, they said. However, Tesla hasn’t always done the best job complying with local environmental regulations, and according to the Houston Chronicle, it’s using a … Read more