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The layoffs follow an exclusive Reuters report on April 5 that Tesla had cancelled a long-promised inexpensive car, expected to cost $25,000, that investors have been counting on to drive mass ...
Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles. Tesla lays off more staff ...
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the ...
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning.
Tesla has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as ...
Tesla has been in the news recently for a series of layoffs across various divisions, including the advertising unit, and the latest round of layoffs was completed this month.
Elon Musk had previously mentioned laying off 10% of staff, but clarified that figure relates to salaried employees, and doesn't include hourly workers.
Tesla CEO Elon Musk said layoffs were coming, and new reports suggest they have just come down within an important division. Tesla reportedly lays off 200 in Autopilot unit, shutters San Mateo ...