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// News Summary
First up today, Elon Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. Several top executives have left the company and one has been reassigned to China. Musk has resumed control of Tesla’s North American sales operations and is focusing on AI technology and robotaxis to make himself more indispensable. Despite rough earnings figures, the stock rose after Musk promised cheaper EVs and hinted at his robotaxi ambitions.
Next up –
Tesla is considering unlocking more range for its older Model Y vehicles for a fee of $1,500 to $2,000. This has sparked debate about whether customers should have to pay for something that they already paid for. Tesla has a history of paywalling features and is currently going through a restructuring process.
Next up –
Elon Musk’s recent round of layoffs at Tesla has affected a range of employees, with over a dozen announcing their terminations on social media. The company has faced criticism for its handling of the layoffs, with some employees expressing disappointment and frustration. This is the fourth consecutive week of firings at Tesla, with Musk reportedly aiming for a 20% reduction in the workforce. The layoffs have also affected high-profile executives, with several resigning or planning to do so.
and last up today, Tesla CEO Elon Musk continues to lay off employees, with another round of notices being sent out over the weekend. This comes after two previous rounds of layoffs, affecting an estimated 20% of the workforce. Morale is low and many workers are worried about losing their jobs. Key executives have also left the company. Tesla’s financial outlook is bleak and competitors are catching up. Musk has warned executives to be "hard core" about headcount.
// Chapters
00:00 Tesla Layoffs
03:30 Model Y Range
05:10 Rivian Chargers
07:02 Fisker Ocean
07:57 Volvo Sales
08:46 Zeekr IPO
