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Tesla profits nosedive as more job cuts announced (www.bbc.com)

submitted 7 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

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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.

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[–] tacosanonymous@lemm.ee 44 points 7 months ago* (last edited 7 months ago) (8 children)

Weren’t people estimating a *2027 end for Tesla bc they haven’t been working on new models? They put their efforts into the meme "truck" instead of the roadster. They have been slashing prices yet demand for EVs, especially theirs has been dropping. All the while, their main spokesman has been a toxic deterrent. Meanwhile, these douchelords think The ceo should get a $56B payout?

[–] thejml@lemm.ee 15 points 7 months ago (2 children)

The roadster was the only Tesla I liked, and it’s no coincidence that it was pre-Elon.

[–] Grippler@feddit.dk 6 points 7 months ago

The original roadster is just a lotus Elise with a terrible DIY EV mod thrown in to it.

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