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Rivian Announces Another Round of Layoffs
Rivian has announced another round of layoffs, marking its third round of layoffs in just 12 months. The latest layoffs affected about 1% of Rivian’s workforce. This move follows previous workforce reductions of 6% in […]

Tesla to Begin Construction of Megafactory in Shanghai in May: Report
Tesla’s plans to build a Megafactory in Shanghai are once again in the news. According to sources, the company expects to begin construction in May. The Megafactory in China will be Tesla’s first energy storage […]

Tesla brings back 0% financing in Germany
Tesla has reintroduced a 0% financing offer in Germany, the second time it has done so in 2024. The reintroduction of the offer comes just two weeks after also relaunching the financing incentive in China. […]

Tesla Seeks Shareholder Vote to Relocate to Texas and Reapprove Elon Musk’s $56 Billion Pay Package
Tesla has filed its proxy statement and will ask shareholders to relocate its state of incorporation from Delaware to Texas and reapprove CEO Elon Musk’s compensation plan at its 2024 Annual Shareholder Meeting, scheduled for […]

Tesla accidentally reveals new Model 3 Performance details ahead of launch
Tesla has accidentally revealed new details about the upcoming Model 3 Performance through its online configurator ahead of the electric sedan’s highly anticipated launch. Earlier today we told you about the first batch of Model […]

New Tesla Model 3 Performance batch awaits export at Shanghai Port
Tesla still hasn’t announced the new Model 3 Performance, but it appears as though we may be close as a batch of the new electric sedans have been spotted at a port in China waiting […]