April 17, 2025 - 15:23

In a significant shift, Tesla has reduced its production targets for the highly anticipated Cybertruck, leading to notable changes in its workforce. Reports indicate that some production lines are now operating at only a fraction of their previous capacity. This adjustment has resulted in a considerable thinning of staff, with certain production teams experiencing cuts of over 50%.
Employees have voiced concerns regarding the impact of these changes on the overall production timeline for the Cybertruck, which has faced delays since its initial announcement. The decision to scale back operations comes as Tesla navigates various challenges in the automotive market, including supply chain disruptions and increasing competition in the electric vehicle sector.
As the company refines its approach to manufacturing the Cybertruck, it remains to be seen how these staffing adjustments will affect the launch and delivery timelines. Tesla's commitment to innovation and efficiency will be crucial as it seeks to regain momentum in the production of this groundbreaking vehicle.
July 10, 2026 - 04:47
Baker Hughes CEO: Continued business tailwinds with the need for power generation and LNGLorenzo Simonelli, the chief executive of Baker Hughes, appeared on `Power Lunch` to discuss the company`s outlook, pointing to sustained business tailwinds fueled by the growing need for power...
July 9, 2026 - 04:31
The Software Business Model Is Running Out of Time—and So Are Software StocksThe era of easy money for traditional software companies is coming to an end, and Wall Street is starting to panic. According to analysts at Stifel, the old ways of selling software-think long-term...
July 8, 2026 - 00:07
George E. Johnson Sr., founder of a pioneering Black hair care business, dies at 99George E. Johnson Sr., the visionary entrepreneur who built a multimillion dollar hair care empire and broke racial barriers on Wall Street, has died. He was 99. His family confirmed he passed away...
July 7, 2026 - 02:47
Medtronic recalls heart valve delivery system due to safety riskMedtronic has announced a recall for a specific heart valve delivery system, citing a safety risk that could affect patients. The recall involves the company`s Evolut FX and Evolut PRO+ delivery...