Musk to review all of Tesla's expenses in new cost cutting plan
18 May, 2019, 04:41 | Author: Regina Silva
Nevertheless, the California-based electric auto maker had entered into the solar panel business back in 2016 following Tesla head, Elon Musk's controversial acquisition of the loss-making SolarCity.
Tesla Inc. chief executive Elon Musk told employees he will increase scrutiny of the company's expenses in a bid to cut costs, Reuters reports.
In an email seen by the newswire, Musk warned staff: "That is why, going forward, all expenses of any kind anywhere in the word [sic], including parts, salary, travel expenses, rent, literally every payment that leaves our bank account must (be) reviewed".
"When your revenues aren't improving, you have to look at other ways to boost the bottom line, and that's continued cost cutting", said CFRA Research analyst Garrett Nelson. "It raises a lot of red flags".
After the National Transportation Safety Board linked Autopilot to a fatal crash in March, Consumer Reports called for Tesla to make immediate changes to restrict drivers from using the system in unsafe conditions, and said the company needs to more effectively monitor driver engagement.
The Verge notes that this crash is at least the fourth fatal incident involving a Tesla vehicle with Autopilot enabled. The first of these came in 2016 when Joshua Brown was killed in his Model S after it collided with a semi-trailer truck.
The vehicle drove beneath the trailer, killing the driver, in a crash that is strikingly similar to one that happened on the other side of Florida in 2016 that also involved use of Autopilot.
"We are deeply saddened by this accident and our thoughts are with everyone affected by this tragedy".
I want the picking sides, and the abusive memes and the language, and all of that, I really hope on both sides it can stop. It's painful to watch someone that you have cared for be dragged and to know that this started because of me.
Mark Gurman and Debby Wu from Bloomberg have listed a set of features that will appear in the upcoming iPhone 11 . The next-generation iPhone XR's color options may have already been revealed, according to a new report .
I have to start by thanking the whole Fantasy Alarm team starting with Steve for filling in for me over the last two weeks. He has a long career ahead of him and is more than capable of capturing more major titles.
But let's not forget the fact that strategic competition between United States and China is a reality now. Mallory was convicted of spying, and he faces up to life in prison (he will be sentenced on Friday).
For instance, when I'm taking matches, I don't care that you paid for tickets. "I think he got what he deserved". For 37-year-old Federer, returning to Italy for the first time since 2016, it was like a practice session.
ASUS IS TAKING another stab at the smartphone market with the Zenfone 6 , which has its sights set firmly on the OnePlus 7 Pro . Never mind how good Asus' hardware has been in the past; the company's handsets have been repeatedly let down by its software .
The plan, as previewed by the White House, doesn't address the millions of immigrants already living in the country illegally. I think the president knows that. "But a big proportion of those immigrations must come in through merit and skill".
Woods is chasing back-to-back majors but Faldo reckons the "beast" Bethpage course will get the better of the Masters champion. Woods didn't do himself any favors Thursday , carding three double bogeys in a roller-coaster opening round.
Lillard, however, refused to blame the officials for not calling it a foul and eventually admitted it was good defensive play. He finished with 37 points on 11-of-22 shooting and added eight assists, along with eight rebounds.
Former Prime Minister Tony Abbott issued this message after news broke about Hawke's death last night. On the back of his success, Hawke called an early election and was again swept to power in 1984.
Faulty Pixel users to get up to $500 from Google
The unlucky customers who experienced the problem a few times because of faulty replacements are the ones who can claim $500. A final decision will be made by the courts on 5 June, and if the deal is approved Google will start splashing the cash.
Tesla to update battery software after recent car fires
Earlier this week, the Apple Daily newspaper in Hong Kong reported that a Tesla Model S caught fire in a parking structure. Hong Kong's Fire Services Department has confirmed it's investigating a fire, without identifying the make of the auto .
Federer pulls out of Italian Open with leg injury
That's why I'm kind of confused right now because I literally woke up in the morning and couldn't move my thumb. Osaka also withdrew before a semifinal in Stuttgart, Germany, last month due to an abdominal injury.
Galaxy S10 5G now available at Verizon, starting at $1,299
This will (hopefully) prevent users from peeling it off under the mistaken belief that it's an everyday screen protector. A new report from Yonhap News claims that the company is planning to tuck the protective display layer into the body.