There has been a silly amount of drama in the run-up to Tesla‘s annual shareholder meeting on Thursday.
It will also hold a vote whether the company will change the location where it is incorporated from Delaware to Texas.
Some of Tesla’s biggest boosters are calling on the company’s “retail army” of shareholders to vote in favor of both, but with special focus on Musk’s compensation.
“A deal is a deal,” Tesla posted to its CEO’s social media platform X.
At the very least, it’s a primer for the legal battles that are sure to continue after Thursday’s vote.
Elon Musk is threatening to ban iPhones from all his companies over the newly announced OpenAI integrations Apple announced at WWDC 2024 on Monday.
This allows users to get an answer from ChatGPT without having to open the ChatGPT iOS app.
Apple also announced another integration that would allow users have access to ChatGPT system-wide within Writing Tools via a “compose” feature.
That’s great news for OpenAI, which will soon have a massive influx of requests from Apple users.
Apple users may not understand the nuances of the privacy issues here, of course — which is what Musk is counting on by making these complaints.
Your usual host Kirsten Korosec is taking a much deserved vacation, so I’ll be walking you through this week’s transportation news.
A little birdImage Credits: Bryce DurbinA lot of little birds have been talking to senior reporter Sean O’Kane about what is going on behind EV startup Fisker.
Other deals that got my attention …Euler Motors, an Indian manufacturer of commercial EVs, raised $24 million in a Series C extension.
Gireve, a French B2B platform for EV charging, raised €20 million to expand further in Europe and internationally and develop new services.
Zoox plans to test its robotaxis in Austin and Miami this summer, making them the Amazon-backed company’s fourth and fifth test cities.
One of Tesla’s delivery workers who was cut this week and spoke to TechCrunch on the condition of anonymity said their location was “short staffed” but still lost multiple employees.
The decision to end discounts across its lineup in the United States, including the Model 3, Model Y, Model S and Model X is a bit of a whiplash moment for Tesla.
And in the first quarter of 2024, Tesla’s delivery numbers fell year-over-year.
It’s not clear how removing discounts on Tesla vehicles fits into the automaker’s new strategy to streamline sales and delivery.
But beyond the initial purchase, Tesla has almost always been making changes to its sales and delivery strategy.
Tesla layoffs hit high performers, some departments slashed, sources say 'I lost 20% of my team, some really good players too'Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.
High performers also cutMany of the laid-off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity.
Some departments saw layoffs beyond the 10% outlined in the companywide email, according to sources.
In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals.
Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company.
Tesla layoffs hit high performers, some departments slashed, sources say 'I lost 20% of my team, some really good players too'Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.
Its margins, however, took a hit after Tesla repeatedly slashed prices in a bid to drum up sales and undercut the competition.
High performers also cutMany of the laid-off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity.
In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals.
Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company.
Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to curb the bot problem.
Earlier this month, X said that the platform was starting a major purge of spam accounts, warning users that their follower count might be affected.
However, with a plan to charge new users, the social media company seemingly aims to tackle the bot problem better.
Earlier this month, xAI made its Grok chatbot available to Premium users of X, who pay $8 per month.
Last week, Fortune reported that X plans to make Grok available to users to compose posts.
Tesla is laying off thousands of employees as it tries to simultaneously cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported.
The electric automaker is cutting “more than 10%” of its global headcount, Musk said in the email.
Tesla finished 2023 with over 140,000 employees, meaning the cuts could impact more than 14,000 people.
The company has warned investors that sales growth could be “notably lower” in 2024 than its stated goal of 50% growth each year.
This will enable us to be lean, innovative and hungry for the next growth phase cycle,” Musk wrote.
The study builds on earlier work investigating his impact on online speech by spotlighting how policy changes Musk enacted are actively rewarding hate speech posters with increased reach, engagement and even direct payouts through X’s subscriber feature.
Some of the accounts pivoted to war hate posts after previously posting COVID-19-related conspiracy theory content, per the report.
The CCDH found these accounts were able to boost their reach on X after posting hateful content targeting the war.
But not all: The CCDH found ads being served alongside hateful posts made by all the tracked accounts.
“We found ads for Oreos, the NBA, the FBI and even X itself placed near hateful posts,” it wrote.
Elon Musk’s decision to green light a robotaxi over an affordable EV might cost the company its lead.
Last week, Musk reportedly canned the effort in favor of a robotaxi, the sort of pie-in-the-sky project that defined his first decade at the helm.
Tesla was reportedly on the cusp of building a $25,000 EV.
Given flagging sales of the company’s existing product line, it would have been a welcome shot in the arm.
It also would have given the company a product to hold its ground against a predicted onslaught of inexpensive Chinese EVs.
