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

submitted 9 months ago by [email protected] to c/technology

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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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[–] riodoro1 21 points 9 months ago (1 children)

Price of a mercedes, panel gaps of a lada.

[–] hushable 28 points 9 months ago (1 children)

be respectful to Ladas, they can survive a carwash

[–] riodoro1 8 points 9 months ago

yeah, at least a couple of times