Archive for 'Hot News'

Elon Musk fired Tesla’s head of operations in North America and Europe, amid declining sales in both regions and the electric vehicle brand’s falling popularity, according to people familiar with the matter.

Omead Afshar, who started with Tesla as an engineer in 2017, had become one of Musk’s top lieutenants and was elevated to vice president to oversee business in the two key regions last October. He didn’t respond to a request for comment, nor did Musk or Tesla.

Afshar’s removal comes ...

For years, Will Somerindyke sold weapons of war around the world: artillery shells to Ukraine, grenades to U.S.-backed rebels in Syria. With relationships with dozens of top military buyers, he quickly turned his company Regulus Global into one of America’s major international arms dealers.

Now, as Silicon Valley investors swarm to back multi-billion dollar defense startups with increasing fervor, Somerindyke is looking to make the jump from munitions middleman to manufacturer. He’s been quietly working on Union, a new venture-backed startup he ...