A new report says Tesla has sent a memo to employees stating it plans to lay off over 10 percent of its total global workforce. The electric car maker has seen its sales go down in recent months.
Tesla has joined the litany of companies that have conducted sweeping layoffs in recent times. First reported by Electrek and since corroborated by Reuters the Washington Post and the New York Times, the company is firing "more than 10 percent" of its workforce; the company had more than 140,000 employees as of December 2023. The publication saw an internal memo noting the percentage, though it didn't state the exact number of jobs affected. A source also told Reuters that some staffers have...
Leading EV manufacturer Tesla continues to lose sales, with another profit drop of as much as 55%. Tesla's profits are reportedly down 55% due to competition, and its price-cutting strategy finally caught up with that of the automaking giant.
"Cost reductions and increased productivity" needed, says Musk.
Tesla has halted Cybertruck deliveries, telling owners that there has been an "unexpected delay regarding the preparation of your vehicle," Carbuzz has reported. One buyer on the Cybertruck Owners Club said he was told that Tesla issued a recall over a problem with the accelerator. "We have just been informed of an unexpected delay regarding the preparation of your vehicle. We need to cancel your delivery appointment on Sunday and we will reach out again when we're able to get you back on the...
Cadence Design Systems (CDNS), a maker of electronic design automation
An analysis told DailyMail.com that all Cybertruck deliveries have been put on pause. The recall is due to a potentially fatal issue with the accelerator that will take weeks to resolve.
Owners will have to wait until April 20 for deliveries to resume.
Tesla Cybertruck delivery delays disappointed customers, with delays lasting seven days. Despite the delays, the EV maker is expanding manufacturing at its Austin Gigafactory.
The price cut comes a couple of weeks after Tesla launched a free one-month trial of FSD for every customer in the U.S. with a compatible Tesla. © 2024 TechCrunch. All rights reserved. For personal use only.
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
Cybertruck deliveries have been halted due to an accelerator problem.