• Tesla launched a redesigned Model Y in China with a revamped Cybertruck-like look.
• The new model comes as Tesla reported a year-over-year sales decline amid EV market challenges.
• It's similar to Apple's approach to improving a product rather than creating a new one.

Tesla's new look for the Model Y in China has a Cybertruck-like design, a noticeable change that could be just what Tesla needs to refresh its aging car lineup.

Tesla's new Model Y boasts a redesigned exterior, along with updated suspension, wheels, and tires. It's also quieter and more efficient and has an 8-inch rear touchscreen. The company said on its website that it includes "soft-touch textiles" that give passengers the feeling that they're "floating in space," drawing inspiration from other futuristic Tesla designs.

It's not far off from Telsa's Model 3 redesign in 2023, which introduced a more luxurious and minimalist aesthetic. The upgrade similarly featured a quieter cabin and a rear screen display. The front end was made sleeker with slimmer headlights and a new wheel design. It also came with a redesigned dashboard and steering wheel.

While the new Model Y's design isn't nearly as radical as completely new models like the Cybercab or Cybertruck, that might be intentional. Sometimes drastically changing the look of a vehicle can be polarizing. One Cybertruck driver previously told BI he's owned all Tesla models but only faced negative reactions on the road with his Cybertruck. The YouTuber was even told by a sponsor that he couldn't feature his truck in a video because of its polarizing nature.

The refreshed model will still generate conversation about Tesla's most popular vehicle, which is one of the world's best-selling cars. The new Model Y could stick out more on the road and help car buyers broadcast they're in the latest Tesla, which may help boost sales or convince existing Model Y owners to upgrade their vehicles.

It's similar to Apple's approach with the iPhone, where the company has stuck with enhancing the model rather than building a new phone product line. Similar to Apple, Tesla offers frequent over-the-air software updates. When it comes to hardware updates, though, Tesla often offers a revamped design and enhanced features rather than creating an entirely new vehicle.

The new model announcement comes after the company reported its first year-over-year decline. The car giant said on January 2 that it sold around 1.79 million cars in 2024, slightly under 2023's 1.8 million. While Tesla's 2024 fourth-quarter deliveries increased by over 11,000 from the year prior, it still fell short of analyst expectations by about 14,430.

It's been a challenging time for the EV industry overall, which has slowed in the last couple of years due to factors including limited charging infrastructure and a lack of affordable options. President-elect Donald Trump's upcoming inauguration adds further uncertainty to the landscape, as he has vowed to eliminate EV tax credits.

The Model Y refresh in China comes at a pivotal moment for Tesla, as the EV giant faces increasing pressure from competitors like BYD. BYD has recently experienced surging demand, and is challenging Tesla's dominance in the country.

While the new model hasn't launched yet in the US, it's giving investors something to look forward to in 2025, in addition to a new lineup of cheaper EVs.

• JPMorgan told employees on Friday that their days of hybrid work days are numbered.
• The new 5-day mandate starts in March and will impact roughly 30% of the bank's workforce.
• See the memo explaining the new policy and rationale.

JPMorgan on Friday told employees that hybrid work is largely over. In a memo issued by the bank's operating committee, the largest US bank by assets said it is calling all workers back to the office starting in March.

"Starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week. As it stands, more than half of our workforce already comes into the office full-time," said a copy of the memo obtained by Business Insider.

A company spokesman said that roughly 70% of the bank's employees were already back in the office five days a week, while everyone else was in three or four days a week.

"We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision," the memo said, adding: "We think it is the best way to run the company."

JPMorgan, which has JPMorgan boasted more than 300,000 employees as of September 2024, is the latest in a growing list of large companies to revert to pre-pandemic office norms. AT&T and Amazon have implemented similar five-day mandates starting this month.

JPMorgan's RTO policies have been slowly ratcheting up since the COVID-19 pandemic, including when it returned all managing directors (the highest rank outside the C-Suite) to a five-day workweek in 2023.

The memo sheds some light on the company's rationale. See the full memo here:

Message from the Operating Committee

Dear colleagues,

We're proud of how our company has successfully adapted and thrived in an ever-changing environment, and this is thanks to all of you. We are a better organization because of your commitment and continued care for our customers, clients, communities and each other. Developing effective teams and maintaining a vibrant, healthy culture are clearly key for our success — and we believe best achieved through working together in person. This is why starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week. As it stands, more than half of our workforce already comes into the office full-time.

We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision. We are now a few years out of the pandemic and have had the time to evaluate the benefits and challenges of remote and hybrid working. We feel that now is the right time to solidify our full-time in-office approach. We think it is the best way to run the company. As we've discussed before, the benefits of working together in person are substantial and irreplaceable, and as we spend more time together, the more advantages we gain. Being together greatly enhances mentoring, learning, brainstorming and getting things done. It accelerates decision-making and offers valuable opportunities for spontaneous learning and creativity. It also allows our early career professionals to learn through our apprenticeship model and expand their networks by building connections with peers across the firm.

Many of our global locations, but not all, have existing capacity to allow for most or all employees to return to the office full-time in early March. We will confirm the list of locations where this is possible by the end of January. The evaluation of our locations will focus on operational readiness, including food services, cleaning and parking. For locations with capacity constraints, or where changes are needed to create capacity, we will work through plans in the coming weeks and will share information and timelines as they become available on a location-by-location basis. Until your location's readiness is confirmed, you should continue on your current work schedule. It's important to note that following a thorough review and applying stringent criteria, a few specific teams whose work can be easily and clearly measured will continue to work remotely or on a hybrid schedule. These decisions have been made in the best interest of the company. If you are on one of these teams, your manager will confirm your schedule.

We recognize that switching from hybrid to five days a week in the office may be disruptive and require adjustments for some colleagues. Importantly we will work to give you at least 30 days' notice in line with local requirements, prior to your full-time return. Once your location is ready, if you need a bit more time to accommodate the new schedule, you should discuss your needs with your manager and get their approval. We know that a lot has changed in our workplaces since returning to the office after the pandemic and recognize that it will take us some time to get all of our locations ready to accommodate a five-day-a-week schedule.

What is not changing is our support for flexibility in the workplace, which we are committed to providing at every level in a fair way. We fully recognize how important it is to be able to work remotely as life events happen, and managers will be directed to provide team members with the flexibility they need to work remotely under some circumstances, such as unexpected occurrences, family commitments or other times on occasion when you and your manager agree you can work away from the office. As always, we expect you to continue to track your time out of the office, and we will work hard to support a workplace of flexibility and collaboration.

We greatly appreciate your outstanding efforts day-in and day-out and are honored to work together on behalf of everyone we serve.

• Meta employees criticized its decision to roll back its DEI initiatives on its internal forum.
• It follows changes to Meta's content moderation policies and gets rid of third-party fact-checkers.
• Meta's VP of HR said the term DEI has "become charged" and "suggests preferential treatment."

Meta employees spoke out on its internal forum against the tech giant's decision Friday to roll back its DEI program.

Staffers criticized the move in comments on the post announcing the changes on the internal platform Workplace. More than 390 employees reacted with a teary-eyed emoji to the post, which was seen by Business Insider and written by the company's vice president of human resources, Janelle Gale.

Gale said Meta will "no longer have a team focused on DEI." Over 200 workers reacted with a shocked emoji, 195 with an angry emoji, while 139 people liked the post, and 57 people used a heart emoji.

"This is unfortunate disheartening upsetting to read," an employee wrote in the comments, which had more than 200 likes.

Another person wrote, "Wow, we really capitulated on a lot of our supposed values this week."

A different employee wrote, "What happened to the company I joined all those years ago."

The decision follows sweeping changes made to Meta's content moderation policies announced by Meta chief Mark Zuckerberg on Tuesday. The changes include eliminating third-party fact-checkers in favor of a community notes model similar to Elon Musk's X.

As part of the changes to Meta's policy on hateful conduct, the company said it will allow users to say people in the LGBTQ community are mentally ill for being gay or transgender.

"We do allow allegations of mental illness or abnormality when based on gender or sexual orientation, given political and religious discourse about transgenderism and homosexuality and common non-serious usage of words like 'weird,'"Meta said in the updated guidelines.

A separate employee wrote in response to the changes to its DEI initiatives that in addition to the updated guidelines on hate speech that, "this is another step backward for Meta."

They added, "I am ashamed to work for a company which so readily drops its apparent morals because of the political landscape in the US."

In the post announcing the decision to drop many of its DEI initiatives, Gale said the term DEI has "become charged" partly because it is "understood by some as a practice that suggests preferential treatment of some groups over others."

She also said, "Having goals can create the impression that decisions are being made based on race or gender," adding that "While this has never been our practice, we want to eliminate any impression of it."

One employee told BI the moves "go against what we as a company have tried to do to protect people who use our platforms, and I have found all of this really hard to read."

Meta did not respond by the time of publication.

Do you work at Meta? Contact the reporters from a non-work email and device at [email protected]; [email protected]; and [email protected].

• I live near Rocky Mountain National Park, so I know of lots of hidden gems in the area.
• In the park, I recommend checking out the Holzwarth Historic Site and Alpine Visitor Center.
• Outside the park, it's worth visiting the picturesque Chapel on the Rock and the Stanley Hotel.

Colorado's Rocky Mountain National Park, which spans 415 square miles, offers endless recreation opportunities. From watching the trees change colors in the fall to cross-country skiing in the winter, there's always something to do.

However, I've noticed that many visitors tend to check out only a few popular areas in the park. Since Rocky Mountain is practically in my backyard, I've come across some less-busy treasures in and around the park that are worth exploring.

Here are five hidden gems I think all tourists should check out when visiting Rocky Mountain National Park.

Venture over to the west side of the park.

I've found that the vast majority of Rocky Mountain National Park visitors only visit the east side of the park, particularly the Bear Lake area. In fact, I've gone on hikes on the west side and have only seen a handful of people over multiple hours.

My favorite thing to check out on the west side is the Holzwarth Historic Site. Here, you can find a small village of log cabins, giving you an idea of what life looked like in the Rockies 100 years ago.

However, what really makes this stop stand out is the creek you walk over to get to the site. Although it's easy to overlook, this stream is actually the beginning of the Colorado River.

It's difficult to imagine that this babbling brook grows into the mighty river that carved out the Grand Canyon.

For spectacular views, venture up to the Alpine Visitor Center.

If you're visiting in the warmer months, Trail Ridge Road is your lifeline through Rocky Mountain National Park. The main route through the park offers gorgeous views of the Continental Divide, mountain lakes, and wildlife.

At the highest point on the road (11,796 feet above sea level), you'll find the Alpine Visitor Center. This is a great place to grab a coffee and look out over the expansive landscape below.

You also have a good chance of seeing two fuzzy critters: marmots and pikas. Both are part of the rodent family and make for some great entertainment as you sip on a drink.

After visiting the park, stop by the Chapel on the Rock.

The Chapel on the Rock somehow feels completely out of place yet blends in perfectly with its surroundings.

Located near Rocky Mountain National Park, the 90-year-old stone church almost startles you after seeing nothing for miles on the country highway leading up to it.

Officially named the St. Catherine of Siena Chapel, visitors are able to enter the building to pray or learn about its history, which is fascinating in itself. In 1993, the chapel even hosted a very famous guest: Pope John Paul II.

Although it's not a long stop, the Chapel on the Rock is a very unexpected landmark in rural Colorado.

Check out the Stanley Hotel — the inspiration for "The Shining."

Estes Park is the mountain town just outside the main entrances to Rocky Mountain National Park. The downtown is lovely to stroll through — filled with taffy stores and souvenir shops. However, the most famous landmark in the town is the Stanley Hotel.

First and foremost, the Stanley is a luxury hotel complex, complete with restaurants, a whiskey bar, and a theater. The hotel opened in 1909 and has hosted its fair share of notable guests — including Stephen King in September 1974.

King and his wife Tabby were the only guests in the entire hotel, as the property was set to close up for winter the next day. This stay inspired his bestselling thriller, "The Shining."

If you want to dive into "The Shining" lore and the hotel's ghost stories, you can book a special tour around the hotel grounds. However, if you don't have time for that, quickly stopping by to check out the beautiful buildings (and hedge maze out front) is well worth the time.

Spend some more time outdoors at the YMCA of the Rockies.

After hiking in Rocky Mountain National Park, you might want to continue your dive into the "full mountain" experience. Luckily, there are plenty of activities to scratch that itch, from fly fishing to ax throwing.

The YMCA of the Rockies is a great option if you want to try several activities at a time. After buying a day pass (which costs $29 for adults), you'll have access to their entire grounds, which often have elk and other animals wandering around.