‘There Is Nothing I Hate More,’ Elon Musk Tells Employees As Tesla Said To Be Laying Off Over 14,000 Workers To Slash Costs (UPDATED)
Editor’s note: This story has been updated with more details from the report, context and a modified headline Electric vehicle giant Tesla, Inc. (NASDAQ:TSLA) is reportedly laying off over 10% of its global workforce to cut costs and eliminate duplicate roles. What Happened: The layoff aims to reduce costs and eliminate the duplication of roles and […]
Tesla Quietly Signed Deal With India’s Tata Electronics To Source Chips: Report
This story was first published on the Benzinga India portal. Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA), has reportedly entered into a strategic agreement with Tata Electronics to source semiconductor chips for its worldwide operations, signifying the company’s increasing focus on the Indian market. As per a report from ET, the deal was discreetly signed […]
Why Is Cancer-Focused Janux Therapeutics Stock Trading Higher On Thursday?
Janux Therapeutics Inc (NASDAQ:JANX) shares are trading higher following Wednesday’s reports suggesting the company is considering a possible sale following interest from larger pharmaceutical firms. The company, which is focused on developing tumor-activated immunotherapies for cancer treatment, has engaged a financial adviser to assess its alternatives. Bloomberg report highlights that Janux’s attractiveness lies in its innovative treatments, which […]
Why Is Kidney Disease-Focused Alpine Immune Sciences Stock Trading Higher On Wednesday?
Alpine Immune Sciences Inc (NASDAQ:ALPN) is reportedly considering strategic options, including a potential sale, following interest from potential buyers. The Seattle-based firm is working closely with advisors and evaluating various possibilities, and at least one major pharmaceutical player has expressed interest in an acquisition. While discussions are ongoing, Bloomberg cautioned, citing sources familiar with the matter, that […]
Elon Musk Said To Be In Talks With India’s Richest Man To Help Establish Tesla Factory
This story was first published on the Benzinga India portal. In a bid to increase its global footprint, Elon Musk‘s Tesla Inc. (NASDAQ: TSLA) is reportedly exploring a potential partnership with India’s richest man Mukesh Ambani’s Reliance Industries (RIL) to establish a manufacturing facility in India. A source quoted by the Hindu Businessline revealed that while talks […]
Barrick Targets Peruvian Expansion Amidst Record Gold Prices
Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Latin America amidst a surge in demand that saw gold spike to $2,300 per ounce for the first time ever. The leading global gold miner is eyeing the southern district of Puno, Peru, where it conducted exploration activities two years ago. As reported by Gestion, a […]
Tesla FSD Transfer No Longer ‘One-Time Amnesty’ As EV Giant Reportedly Restarts Offer Again For These Models
EV giant Tesla Inc (NASDAQ:TSLA) is reportedly once again allowing for transferring its full self-driving (FSD) software to new vehicle purchases. What Happened: In 2023, several Tesla owners raised requests that the company allow for transferring FSD software from their old Teslas to their new ones. FSD capability, priced at a whopping $12,000, is a […]
Tesla’s Top Rival From China Eyes Launching Cybertruck Challenger — But Here’s Why A Face-Off Seems Unlikely For Now
Chinese EV giant BYD Co (OTC:BYDDF) (OTC:BYDDY) is reportedly eyeing entry into the EV pickup truck market like its U.S. counterpart Tesla. What Happened: BYD will launch its first new energy pickup truck this year, CnEVPost reported, citing a source familiar with the matter. The truck will reportedly have dimensions exceeding the Toyota Hilux and […]
iPhone 16 Rumors Roundup: Everything We Know About Apple’s Next Flagship
Apple Inc.’s (NASDAQ:AAPL) upcoming flagship series, the iPhone 16, is generating a lot of buzz. Here’s a roundup of all the rumors and leaks about the highly anticipated device. What Happened: The tech giant is expected to release its iPhone 16 series in September, continuing its tradition of annual launches. The new series is anticipated […]
Johnson & Johnson Strong Strategic Fit For Shockwave Medical, But Medtronic, Boston Scientific Could Be Other Bidder, Says Analyst
Tuesday, Shockwave Medical Inc (NASDAQ:SWAV) shares traded higher following a Wall Street Journal report suggesting Johnson & Johnson (NYSE:JNJ) is reportedly in talks to acquire the company. Shockwave Medical is a cardiovascular medical device. In 2022, Johnson & Johnson acquired heart failure device-focused Abiomed Inc. for an upfront payment of $380.00 per share in cash, corresponding to an enterprise value of approximately $16.6 […]