The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.

Gov. Gavin Newsom said greenhouse-gas credits would fund EV rebates.

The retailer delayed its quarterly results after it said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation.

Texas Gigafactory ran afoul of environmental overseers; a faulty furnace door and hazardous wastewater.

SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.

Companies say shoppers are still buying, but they want a deal.