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Tesla profits nosedive as more job cuts announced
(www.bbc.com)
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this post was submitted on 24 Apr 2024
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Thanks for the details! All I saw anywhere was the bad news, but this does sound like a good reason for optimism if you can trust this company.
That's the key point. After all the other delays, they need to show they can do something on time now to gain some of that back.
It feels like this announcement was 100% to keep the shareholders happy with probably very little planning ahead of time.
I was thinking it's more like their contingency plan for if unboxed was a catastrophe.
If they can actually pull off the accelerated, shared manufacturing lines plan, it feels like it's too fast to be on a whim with no planning.
I do agree though it's probably to keep shareholders happy as the cheaper EV landscape unfolds and they were falling behind.