companies
Elon Musk implemented an intelligent method to identify a Tesla employee who was sharing confidential information with the press. Tesla addressed the employee's actions to ensure confidentiality. It is no secret that disclosing confidential company information can have serious consequences. Musk-led automobile company Tesla takes such matters seriously. In one instance, Musk implemented a method to identify an employee who shared confidential information. Due to his large number of followers on X (currently 164 million), it can be challenging for tweets directed at prominent CEOs like Elon Mus...
IBTimes
Facing mounting debt and declining sales, Red Lobster mulls Chapter 11 bankruptcy. The seafood chain reportedly seeks a Chapter 11 filing to shed burdensome contracts and negotiate more favourable lease terms. Squeezed by unfavourable leases and labour costs, Red Lobster seeks help from King & Spalding, a commercial law firm, to restructure and reduce expenses. In a desperate bid to reverse declining sales in 2023, Red Lobster launched an "all-you-can-eat shrimp" promotion. However, the CFO partly blamed the record £8 million ($11 million) loss on this overly generous offer, highlighting the c...
IBTimes
Tesla cars have the coolest customizable features, autonomous capabilities, and fast acceleration to top speeds. However, given the dynamic rules around EVs and emerging rival competition, Tesla cars and feature stacks often undergo price adjustments and changes. The pricing difference between the models can vary widely though. Besides the host of environmental benefits, buying an EV comes with state and federal tax rebates in the form of credits that lower your overall car purchase cost. You may be eligible for both or none, depending on your state, tax situation, and car model. Although the ...
IBTimes
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