Tesla cuts 9 pct. of workforce in bid to post a profit

Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk's promise to turn a profit in the second half of the year.

Tesla's Musk defends comments made during conference call

Tesla CEO Elon Musk is going on the defensive Friday in a series of tweets, saying the people he shut down during a contentious conference call were analysts who believe investors could profit by betting that the company's ...

Telefonica sales hit by end of roaming charges

Spanish telecoms giant Telefonica saw its sales plunge in the first quarter due to the end of roaming charges in Europe, but still posted a 7.4 percent rise in net profit.

Beijing Auto show highlights e-cars designed for China

Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the global industry's future.

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