President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off. To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst. The Biden administration’s…
Capitol Report (June 3): Biden Bushes Off Musk’s Comment on Economy; Analysis: Inflation to Stay
June 3, 2022
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Elon Musk Has ‘Super Bad Feeling’ About Economy, Calls to Cut 10 Percent of Tesla Staff
Tesla CEO Elon Musk said in an internal company email viewed and reported on by Reuters that he had a “super bad feeling” about the economy and that the electric car giant needed to slash employment by around 10 percent. The email, which was reportedly titled “pause all hiring worldwide,” was sent on June 2…
Noted Tesla Analyst Sees Auto Pricing Power Shift From Dealers Toward Suppliers
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Tesla Delays Deliveries of Long-Range Models in US
Tesla Inc is delaying U.S. deliveries of certain long-range models by up to a month, its website showed on Wednesday, as the electric-car maker tries to steer itself through supply-chain issues and disruptions in China operations. New orders for Model Y will be delivered between December and March, Model 3 between September and December, and…
Volkswagen’s Race With Tesla Will Be Tight, Diess Says
BERLIN—Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen’s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had the advantage…
Elon Musk Confirms This 9,000-Ton Machine Will Build Tesla’s Cybertruck
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Elon Musk Orders Tesla Execs Back to Office or Face Consequences in WFH Ban
Tech billionaire Elon Musk has taken the work-from-home phenomenon into his crosshairs, telling Tesla executives to get back to the office or get out, according to a leaked email whose authenticity he seemed to confirm in a tweet. “Remote work is no longer acceptble” [sic], reads the subject line of the leaked May 31 email,…
Is Tesla Revving Up to Reverse Course or Forming a Bull Trap?
Tesla Inc. was trading slightly higher in the premarket on Tuesday after a three-day reversal to the upside saw the electric vehicle giant soar by 21 percent. The company’s Shanghai production facility is currently rolling about 2,000 new vehicles off its assembly lines, which is about 70 percent of its pre-lockdown output capacity, after re-adding…
Elon Musk on Tesla’s Long-Term Growth, Why It Hasn’t Even Reached 0.1 Percent of Future Potential
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