Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a U.S. media report.Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employees, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday.The online technology publication quoted from a Musk email in which he vowed to be "absolutely...
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 billion, reflecting a decline in EV sales in a market with intensifying competition.
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a U.S. media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will
Elon Musk has called for “absolutely hardcore” job cuts at Tesla, as the company lays off hundreds more employees in an attempt to control costs.
A reported deal with Chinese search giant Baidu will help pave the way for a rollout of Tesla's self-driving technology.
As Tesla faces a drop in sales and reports of mass layoffs, it appears Musk is turning to China in a bid to reverse the company's fortunes. : Musk visits China to reportedly push Tesla self-driving tech
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.
Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk is seeking to prolong the recent wave of layoffs at the former company, The Information reported on Tuesday.The firin
Tesla boss arrived in Beijing on Sunday for unannounced meeting with Chinese premier Li Qiang promising an imminent roll-out of driverless cars in the country. The surprise visit came just a week after Musk cancelled a meeting with India 's PM Narendra Modi, citing 'very heavy Tesla obligations'. Analysts welcomed the visit with the company's share price down by a third since January