Tesla’s cars made in China passed key data security and privacy requirement in China. Previously, Tesla vehicles had faced bans from Chinese military installations and government sites over the issue of data collection.
While the full scale of these new layoffs is unclear, Bloomberg has reported that Tesla’s total headcount reduction that began earlier this month could end up being as high as 20 percent of its workforce, or well in excess of 20,000 employees.
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Billionaire Elon Musk is well-known for his frequent posting on social media, including the X platform which he acquired for $44 billion in 2022. Musk is not allowed to post certain items on social media as part of a settlement made six years ago. What Happened: On Monday, the U.S. Supreme Court rejected an appeal from Musk to remove a provision related to a 2018 settlement with the Securities and Exchange Commission (SEC). Musk and Tesla Inc (NASDAQ:TSLA) each agreed to pay $20 million as part