Tesla is to cut its workforce by about 7% after a difficult year for the electric car maker. “The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an e-mail to employees.
Hours after launching its first rocket of the new year on Friday morning, the Elon Musk-led company told employees that roughly 10% of SpaceX’s workforce would be laid off.
Tesla may offer an option on the upcoming Roadster sports car to enable drivers to float above the ground using thrusters from Elon Musk’s rocket company, SpaceX.
Oracle founder Larry Ellison has emerged as the second biggest individual investor in Tesla with a holding worth $1-billion in the electric car maker.
Byton offered a fresh look at its high-tech features at the annual CES conference in Las Vegas.
Elon Musk has unveiled his underground transportation tunnel, allowing reporters and invited guests to take some of the first rides in the revolutionary albeit bumpy subterranean tube.
BMW and Porsche have unveiled a charging station that can jolt electric vehicles with enough power to drive 100km in less than three minutes.