Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fall
Tag: competition
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024.
Read More Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
Google’s contemplated mega deal would prompt new fight with regulators
Nearly a dozen antitrust experts and industry analysts say it is unlikely that an acquisition by Google would hamper competition.
Read More Google’s contemplated mega deal would prompt new fight with regulators
Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker.
Read More Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say
The potential acquisition would be Alphabet’s largest ever and allow it to put some of its cash pile, which reached $110.9 billion as of the end of December, to work.
Read More Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say
Tesla quarterly deliveries fall for the first time in nearly four years
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four years