2 – Breaking News & Latest Updates 2026
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Tesla Archive

Archives for February 2024

Andrew J. Hawkins
Andrew J. Hawkins
Sounds like Tesla is prepping for some layoffs.

That’s the impression many employees got after the company asked managers to sort which jobs were “critical,” according to Bloomberg. Also biannual performance reviews were cancelled.

During the most recent earnings call, Elon Musk said Tesla was between “two major growth waves,” but warned of a sales slowdown in 2024. Tesla has roughly doubled in size since 2020, with around 140,000 on its payroll globally.

Richard Lawler
Richard Lawler
SpaceX is being investigated for discrimination and sexual harassment.

The California Civil Rights Department is investigating complaints by seven workers that SpaceX execs “discriminated against women, joked about sexual harassment and fired workers for raising concerns,” reports Bloomberg and Reuters.

The same agency is also suing Tesla over charges of operating a “racially segregated workplace.”

In the SpaceX complaints, employees cite a pattern of discrimination, as well as inappropriate tweets by Musk that they said they couldn’t easily avoid because he uses the platform for important company announcements.

Wes Davis
Wes Davis
How independent are the boards of Musk’s companies?

Not very, according to The Wall Street Journal’s examination, published last night.

It’s not just that some members have earned, for example, “hundreds of millions of dollars” — far more than typical board member compensation, the Journal says.

It’s that reportedly, some members are heavily invested in Musk’s and each other’s companies, and regularly do drugs with him “because they think refraining could upset the billionaire, who has made them a lot of money.”

Richard Lawler
Richard Lawler
Tesla will pay $1.5 million to settle a California lawsuit over dumping hazardous waste.

Tesla was being sued by 25 California DAs for dumping hazardous automotive components and waste like metal car panel welding spatter in the trash instead of handling it appropriately.

As TechCrunch points out, Tesla will pay $1.3 million in civil penalties, $200k for the costs of the investigation, and comply with an injunction for five years with training for employees and audits of its trash containers.

Jacob Kastrenakes
Jacob Kastrenakes
CEOs can be friends with the people setting their pay —

apparently they just have to disclose it first.

Axios writes that CEOs other than Elon Musk should still be fine to receive pay packages as big as they’d like, so long as they keep their board processes buttoned up.