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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 ...
Employees at the automaker received emails over the weekend as part of broader layoffs, according to the Electrek report. Tesla, whose shares were up more than 1%, did not immediately respond to a ...
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 ...
Musk said on Tesla’s quarterly earnings call on April 23 that the company had built up a 25% to 30% “inefficiency” over the past several years, implying the layoffs underway could impact ...
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. “As we prepare the ...
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 shares rose 2.7% in premarket trading. It had 140,473 employees globally as of Dec. 31 last year. Tesla asks which jobs are critical, stoking layoff fears - Bloomberg News
Tesla is reportedly planning layoffs for the first quarter of 2023. Despite delivering record numbers of EVs, the company's stock has cratered this year amid an economic downturn and CEO Elon Musk ...