Tesla CEO Elon Musk: “Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months”

Tesla plans to cut its full-time staff by 7 per cent – around 3,400 employees – after “the most challenging” year in the electric carmaker’s history. (...)

A laptop computer screen displaying the Netflix homepage. Photograph: Chris Ratcliffe/Bloomberg

For years, Facebook gave some of the world’s largest technology companies more intrusive access to users’ personal data than it has disclosed, effecti(...)

Prime Minister Theresa May speaks in the House of Commons at the start of a five-day debate on the European Union Withdrawal Agreement last week. Photograph PA Wire

UK Brexit minister Stephen Barclay has insisted that Tuesday’s crunch vote on Theresa May’s compromise Brexit deal would go ahead. This follows media (...)

Once a highly popular app among younger people, Snapchat has been losing users. Photograph: Patrick T. Fallon/Bloomberg

Shares in Snap fell on Wednesday after the company said the US justice department and the Securities and Exchange Commission were looking into allegat(...)

James Murdoch has become the favourite to succeed Elon Musk as the chairman of Tesla, which has to replace the electric carmaker’s founder in the role by the middle of next month

James Murdoch has become the favourite to succeed Elon Musk as the chairman of Tesla, which has to replace the electric carmaker’s founder in the role(...)

Marmite maker Unilever drops  plans to centralise its HQ in Rotterdam. Photograph:   Epa/Andy Rain

Fears that the US may accelerate interest rate hikes sent European shares falling to their biggest weekly loss on Friday. Investors believe the world’(...)

Figures from MyHome.ie showed house price inflation slowing. Photograph: iStock

Investors held back from the market on Friday as fears over the impact of political developments such as Italian spending plans and Brexit hit home. (...)

US regulators have charged Walgreens Boots Alliance’s former chief executive Gregory Wasson and former chief financial officer Wade Miquelon with misl(...)

Thursday’s lawsuit makes Musk one of the highest-profile executives to be accused by the SEC of securities fraud. Photograph: Brendan Smialowski/AFP

The US Securities and Exchange Commission on Thursday sued Tesla Inc chief executive Elon Musk, accusing him of securities fraud. The accusation was (...)

Tesla is under investigation by the US Department of Justice following chief executive Elon Musk’s claim last month that he had secured funding to take the company private, according to a person briefed on the matter

Tesla is under investigation by the US Department of Justice following chief executive Elon Musk’s claim last month that he had secured funding to tak(...)

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