Tesla profits cut in half as demand falls
www.bbc.com
The EV maker brings forward launch plans for new models as profits drop by more than half.

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.

  • HuddaBudda@kbin.social
    292·
    8 months ago

    I couldn’t imagine being a software engineer for Telsa, pouring your heart and soul into making a good product.

    And in your bosses’ drunken haze, gets to make an ass of himself on the world stage and get paid 1,000,000,000x your salary to do it.

    Lose advertising investors, lose quality and face on the products you have to build. Still gets to be CEO of three failing companies

    But your job is the one that gets canned to save the stock price.

    Edit: loose