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Michael Strong

Tesla Cutting 10% of Workforce Globally, Implementing Other Changes

Tesla Cutting 10% of Workforce Globally, Implementing Other Changes

Tesla CEO Elon Musk is reacting to the EV maker’s sluggish sales by cutting 10% of the company’s global workforce, according to reports. Additionally, he’s making other personnel changes aimed at reducing overhead. The move comes 10 days after he slashed prices on vehicles to stimulate sales. Find out more at Headlight.News.

GM Takes Another Step Toward Going Back to the Moon

GM Takes Another Step Toward Going Back to the Moon

General Motors is headed back to the moon — maybe. It is providing Ultium batteries as well as some experience with chassis and suspension development for the next-generation lunar terrain vehicle that just got the green light from NASA. Find out more about the project and GM’s role in it at Headlight.News.

Ford Delays Production of Electric SUV, Readies More Hybrids

Ford Delays Production of Electric SUV, Readies More Hybrids

Ford mirrored the push by several other automakers to delay production of its electric vehicles, by pushing back its anticipated all-electric SUV and next-generation electric pickup truck. It also revealed plans to grow its hybrid offerings to meet growing demand for them. Find out more at Headlight.News.

Tesla Raises Prices as CEO Musk’s Reputation Falls

Tesla Raises Prices as CEO Musk’s Reputation Falls

Tesla made good on previously announced plans to raise prices on its bestselling Model Y by $1,000 in the U.S. The move was revealed a few weeks ago, and now it’s been put in place. The price increase comes as new study suggests CEO Elon Musk is putting off potential buyers. Get details at Headlight.News.