Elon Musk: Tesla worker admitted to sabotage
Tesla's attempt to ramp up Model 3 production may have hit a new stumbling block --- employee sabotage.
In an email to Tesla employees late Sunday night, CEO Elon Musk says that an unnamed employee admitted to sabotaging the company's Freemont, California plant. The problem comes as Tesla scrambles to boost production of its Model 3 sedan to 5,000 a week by early July -- the rate at which Musk says the company can become profitable.
Even a $5 billion fine can't slow Google down
Google managed to make billions even after being hit with a massive fine that would cripple many businesses.
Alphabet, Google's parent company, saw its profit dented in the second quarter by this month's record European antitrust fine, but a surge in sales helped offset that hit.
Samsung or Xiaomi? It's a two-horse race for India's smartphone market
India's booming smartphone market is turning into a two-horse race between Samsung and Xiaomi.
The world's biggest smartphone maker and its fast-growing Chinese rival now account for 60% of the country's sales, according to a new report by research firm Canalys.
The Gates Foundation is now one of Berkshire's largest shareholders
Warren Buffett for years has been giving away some of his considerable wealth to the foundation run by his pals Bill and Melinda Gates.
As a result, the Bill and Melinda Gates Foundation -- along with Gates himself -- now owns more than 5% of Buffett's Berkshire Hathaway.
Tariffs and Brexit could kill this steel company
Peter Davies watched as the UK steel industry was decimated by foreign competition, plunging prices and higher energy costs. Now he's beginning to panic.
The chief executive of Original Steel Services, which has four steelworks in the United Kingdom, has warned that tariffs imposed by the Trump administration are putting his company under pressure. Brexit could make things even worse.