May 02, 2025
Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk's comments
Markets jumped on Wednesday on hopes of negotiated deals during the tariff pause but companies say the uncertainty makes it hard to plan
The new trajectory includes restructuring the company's approach to AI and staff cuts to address “a slow-moving and bloated middle management layer”
The company named Lip-Bu Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm
Tan believes that relatively small teams of startup engineers with good chip design ideas can successfully compete against incumbent chip giants
The CEO's sudden departure after less than two years in the job hits Unilever's shares which fall as much as 3.4 percent
The billionaire CEO of Tesla and SpaceX has been tasked by Trump to lead a radical downsizing of the federal government
The top management shake-up follows underwhelming full-year earnings
