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Tesla profits nosedive as more job cuts announced (www.bbc.com)

submitted 6 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

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Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models after announcing thousands of job cuts to try to reverse its fortunes.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla's total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

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[-] DrCake@lemmy.world 35 points 6 months ago* (last edited 6 months ago)

Who could see this coming when they decided to spend so much time and money developing an expensive steel box that rusts. Imagine if the CEO had any idea what they were doing and decided to focus on making actual cars

this post was submitted on 24 Apr 2024

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