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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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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.