CEO Elon Musk announced that Tesla will lay off 9 percent of the company’s workforce to boost profitability while promising to deliver 5,000 Model 3 cars a week by the end of June. Tesla hasn’t made an annual profit in 15 years and posted its largest quarterly loss this year.
Netflix has named Susan Rice to its board of directors. The former Obama ambassador has been criticized for her handling of the 2012 attack on the U.S. embassy in Benghazi. Meanwhile, Barack and Michelle Obama are reportedly in talks to provide shows for the company.
Google co-founder Larry Page has unveiled his new fully electric, self-piloting flying taxis. One of Page’s companies has completed “stealth” testing and will now pair with New Zealand for an official certification process in the hopes of creating the “Uber” of flying taxis in three years.
In a CNN interview, beach volleyball champion Kerri Walsh-Jennings says she was warned she might lose her sponsorships when she discovered she was six weeks pregnant with her first child at the London Olympics. “Certain brands stepped up when others leave. That’s just the cycle of life,” she said.
Reese Witherspoon is in talks to star as Elle Woods in Legally Blonde 3, according to ‘Deadline,’ which will feature most of the original creative team. It’s been 17 years since the original film; the plot is under wraps but is said to be in the same style with focus on female empowerment.