Recently, Tesla CEO Elon Musk sent an internal email to company staff regarding some severance packages that were incorrectly low for a number of laid-off workers. Musk acknowledged the mistake in the email, stating that these errors are being corrected immediately. This apology comes after Tesla announced that it would be cutting over 10% of
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Recently, Tesla made the decision to lay off 285 employees in the state of New York, with most of them being from the company’s Buffalo factory. The restructuring process has caused concern among employees and state officials alike. The reduction in headcount at the Buffalo factory represents a significant 14% decrease in the workforce, which
Investors are constantly looking for opportunities to diversify their portfolios and mitigate risk. With concerns rising about being overexposed to Nvidia, it may be time to consider alternative options that offer steady growth potential. Trivariate Research’s Adam Parker suggests replacing Nvidia with other stocks that have shown positive momentum and low correlation to the chipmaker.
The college admission process is a crucial time for high school seniors, as they make decisions about their future. However, this year has been particularly challenging due to ongoing issues with the Free Application for Federal Student Aid (FAFSA). Financial aid award letters, which are essential for students to make informed decisions, have been significantly
The recent airspace closures in the Middle East have had a significant impact on air travel, with various airlines being forced to ground and divert flights. United Airlines, which had only recently resumed service to Tel Aviv, was one of the airlines affected by the closures. The airline had to call off its Newark to
Former President Donald Trump and House Speaker Mike Johnson recently presented new legislation aimed at addressing noncitizen voting, a problem that is already illegal and incredibly rare. Despite this, Johnson insisted on the need for a bill that would require documentary proof of citizenship to register to vote. This proposal was made under the false
Despite Elon Musk’s announcement of a new robotaxi product, the California Department of Motor Vehicles and CPUC have not received any applications from Tesla for the necessary permits. This lack of communication raises concerns about the timeline for Tesla to launch a robotaxi service in California. California requires aspiring robotaxi services to obtain two permits
Apple saw a significant increase in its stock price, climbing 4.3% to reach $175.04 on Thursday. This jump marked Apple’s best performance since May 5, 2023. The rise in Apple’s shares coincided with a strong day for technology stocks, particularly those in the artificial intelligence sector, as the Nasdaq Composite increased by 1.77%. Despite being
Alibaba, the Chinese technology giant founded by Jack Ma, went through a significant reorganization in the past year. This overhaul included sweeping management changes and the split of the company into six business groups to enhance agility and competitiveness. The changes were aimed at steering Alibaba back to growth after facing internal and external doubt
During a recent Senate Armed Services Committee hearing, Defense Secretary Lloyd Austin addressed concerns regarding Israel’s military operations against Hamas in Gaza. He explicitly stated that there is no evidence to suggest that Israel has committed genocide in the region. This assertion is crucial, especially given the widespread criticism of Israel’s actions by many countries,