Tesla lays off 200 employees who helped train company’s

In a fresh round of layoffs, Tesla has parted ways with 200 more employees who were working on the company’s Autopilot driver-assistant system. Additionally, Tesla has shut down its San Mateo, California, office. One of the suspected causes of the recent layoffs is cost-cutting. Elon Musk, CEO of Tesla, recently disclosed that the business will lay off up to 10% of its workers in the upcoming three months. One of the employees from the group of workers who were laid off reportedly told the news organization about the layoff. He said…

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Elon Musk says Tesla will Stop Accepting Bitcoin for Car Purchases, Citing Environmental Concerns

Tesla CEO Elon Musk said Wednesday on Twitter that Tesla has “suspended vehicle purchases using bitcoin,” out of concern over “rapidly increasing use of fossil fuels for bitcoin mining.” The price of bitcoin dropped about 5% in the first minutes after Musk’s announcement. In an SEC filing in February, Tesla revealed that it bought $1.5 billion worth of bitcoin and it may invest in more of bitcoin or other crypto currencies in the future. At that time, the company said it would start accepting bitcoin as a payment method for…

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