Tesla, under Elon Musk’s leadership, replaced thousands of laid-off American workers with foreign employees on H-1B visas, according to reports from employees and data from the U.S. Department of Labor. The layoffs earlier this year affected approximately 15,000 U.S. workers, primarily in Tesla’s Texas and California operations.
Tesla CEO and X owner Elon Musk has reversed his stance on the H-1B visa program, now calling for a “major reform” of the system just days after defending it vigorously. Musk, who had previously clashed with former President Donald Trump’s supporters over the issue, now labels the H-1B system as “broken” and advocates for significant changes.
Elon Musk’s rise to prominence and wealth places him in a position where his influence stretches across various sectors, from electric vehicles with Tesla to space exploration with SpaceX, and even social media with X (formerly Twitter). Musk’s career has often mirrored that of historical figures like Jacob Fugger, a 16th-century financier who became one of the most powerful men in Europe. Both men are risk-takers who transformed industries and were disliked by the establishment for their boldness and influence.
The bipartisan federal spending plan championed by House Speaker Mike Johnson, R-La., has been abandoned following criticism from House Republicans, President-elect Donald Trump, and Tesla and X owner Elon Musk.
Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.
Rep. Ro Khanna (D-CA) openly criticized California's recent proposal to potentially exclude Tesla from receiving electric vehicle (EV) credits during an appearance on CNBC.
A Delaware court upheld its decision to block Tesla’s 2018 compensation plan for CEO Elon Musk, valued at over $100 billion today. Chancellor Judge Kathaleen McCormick ruled on Monday that the compensation package was improperly approved, despite overwhelming shareholder support.
(News) – Elon Musk, CEO of SpaceX, Tesla, and Twitter, made waves last week with his announcement of a new CBD product, MicroBio CBD Gummies, claiming it offers groundbreaking benefits for dementia. The reveal, made during a live broadcast, drew sharp criticism from News host Martha MacCallum, who accused Musk of breaching contracts and jeopardizing sponsorships.
