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State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and 223 at its Palo Alto offices. The layoffs will occur over a 14-day period starting June 20.
This week’s layoffs appeared to be the largest in Tesla’s recent history, targeting 10 per cent of its roughly 140,000 employees, ranging from salesfolk in China through factory workers in ...
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.As first reported by EV blog Electrek, Tesla ...
Noted Tesla bull Dan Ives at Wedbush Securities warned the layoffs were a negative sign for Tesla, as seen in Monday’s move lower. Ives has a $300 price target and Buy rating on the stock ...
Deep cuts occurred in its sales, delivery and Model S and Model X production teams, according to current and newly laid off workers. These people also said that Tesla has suspended night time ...
And unlike its "Magnificent Seven" peers, which Wall Street has rewarded for announcing layoffs, Tesla shares tumbled further following news of a more than 10% reduction in global headcount.
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 ...
Those moves came about a week after space exploration giant SpaceX revealed plans for about 600 layoffs, or 10% of its staff, per Reuters. ... The reductions at Tesla come after a 30% employee ...