Elon Musk is no longer the world's richest person. In fact, he's fallen all the way down to third place on Forbes' real-time billionaire list, behind LVMH CEO Bernard Arnault and Amazon's Jeff Bezos. But that could all change if a court-rejected 2018 pay package is approved by Tesla shareholders. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech. Today, we're talking about Musk's big payday.
At the end of 2023, Rivian employed 16,790 individuals, meaning this job cut could affect as many as 150 workers. 'We continue to work to right-size the business and ensure alignment to our priorities,' the company said in a statement to Reuters. 'This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year.' Rivian has also taken on a number of other cost-cutting methods over the past year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Allegedly Mandates FSD Installation And Demo At New Tesla DeliveriesNorth American customers can expect FSD 12.3.1 already installed on their cars and to see it in action before delivery is completed
Source: Carscoop - 🏆 306. / 63 Read more »
Elon Musk requires ‘FSD' demo for every prospective Tesla buyer in North AmericaTesla CEO Elon Musk sent an email to employees on Monday informing them they have to show customers how to use “FSD” before making delivery in North…
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Elon Musk Addresses Panel Gap Concerns on Tesla CybertruckElon Musk responds to concerns about panel gaps on the Tesla Cybertruck after a tech YouTuber points out an alignment issue on his door.
Source: therealautoblog - 🏆 528. / 51 Read more »
Elon Musk’s Tesla Shows Cracks in Its EV Business ModelSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
How Elon Musk’s Buddy Rode Tesla Shares To Become A BillionaireI'm a reporter at Forbes writing about the world's richest people with a focus on the tech sector. Send any tips to my email (pliuforbes.com) or Signal (678-834-4200), and find me on Twitter _pheebini. Before joining Forbes, I studied statistics and data science, education studies and journalism at Yale.
Source: Forbes - 🏆 394. / 53 Read more »
Elizabeth Warren urges SEC to investigate Tesla and Elon MuskSen. Elizabeth Warren, D-Mass., has once again asked the U.S. Securities and Exchange Commission to investigate Tesla, its CEO Elon Musk and the company's board of directors over governance issues.
Source: nbcchicago - 🏆 545. / 51 Read more »