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AP

Tesla CEO Elon Musk acknowledged that Tesla factory workers were "having a hard time, working long hours, and on hard jobs" after reports of workers experiencing fainting spells, dizziness, seizures, abnormal breathing and chest pains, according to incident reports obtained by The Guardian. Some workers attributed the medical issues to the pressure associated with Musk's ambitious production goals.

Overvalued: Musk also said that the company's $50 billion market capitalization is "higher than we have any right to deserve," and pointed out that Tesla produces just 1% of the total output of General Motors. The electric car-maker's aggressive production goals (500,000 cars in 2018 — a 495% increase over 2016) has led to a pressure-cooker work culture, according to workers who spoke to The Guardian.

For his part, Musk said he cares about the workers' well-being and the factory's safety record has improved:

"We're a money-losing company. this is not some situation where, for example, we are just greedy capitalists who decided to skimp on safety in order to have more profits and dividends and that kind of thing. It's just a question of how much money we lose. And how do we survive? How do we not die and have everyone lose their jobs?"

Go deeper

Bryan Walsh, author of Future
13 mins ago - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.

Ben Geman, author of Generate
9 hours ago - Energy & Environment

Key clean power provision likely won't survive in Dems' spending bill

A construction worker walks along a dirt road at the Avangrid Renewables La Joya wind farm in Encino, New Mexico, on Aug. 5, 2020. Photo: Cate Dingley/Bloomberg via Getty Images

A pillar of Democrats' plans to speed deployment of zero-carbon electricity is likely to be cut from major spending and tax legislation they are struggling to move on a party-line vote, per multiple reports and a Capitol Hill aide.

Driving the news: The New York Times, citing anonymous congressional aides and lobbyists, reports that West Virginia Sen. Joe Manchin (D) has told the White House he "strongly opposes" the Clean Electricity Performance Program.

Updated 11 hours ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."