Musk engaged in hyperbole elsewhere in the interview, and he may have been doing so when mentioning the risk of bankruptcy
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"Both Berlin and Austin factories are gigantic money furnaces right now," the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday
The company has applied with the city of Austin to build a tunnel on the Tesla Gigafactory Texas property for the project "Colorado River Connector Tunnel"
"Both Berlin and Austin factories are gigantic money furnaces right now," the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday
Electric car-maker Tesla has been sued by former employees who were sacked in the ongoing mass layoff at the company, accusing it of violating federal law in the US
Overall reduction to be 3.5% as hourly staff expected to grow
Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share
SpaceX boss says 'a few unresolved matters' remain on Twitter deal
This would result in reducing Tesla's total headcount by roughly 3.5 per cent
Tesla Chief Executive Officer Elon Musk told the Qatar Economic Forum that supply constraints are the biggest brake on the electric-car maker's growth
Skilled workers are getting around 20% less at the plant than at rival manufacturers with IG Metall wage agreements, the group added, citing its own analysis.
As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.
Tesla has been seeking reduction in import duties to sell its vehicles in India, but won't manufacture its products locally unless it is allowed to first sell and service its cars in India, Musk said.
SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colourful billionaire for his behaviour, according to media reports
Dogecoin was trading on Thursday at about 5 cents and is down about 67% this year
SpaceX is reported to have around five employees who have sent out a letter against CEO Elon Musk on grounds of making other staffs feel 'bullied'.
As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk
In his first direct call with Twitter employees, Elon Musk briefed them about his plans once he takes over the platform, including making it more like TikTok, WeChat and allowing outrageous comments
Tech billionaire Elon Musk has told Twitter employees that the platform "needs to get healthy" financially and bring down costs, suggesting that job cuts are likely in store