this post was submitted on 24 Apr 2024
407 points (97.2% liked)

Technology

61295 readers
2902 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s
enu
technopagan
L4s
407
Tesla profits nosedive as more job cuts announced (www.bbc.com)
submitted 9 months ago by [email protected] to c/technology
80 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] Badeendje 48 points 9 months ago* (last edited 9 months ago) (7 children)

Lower sales > Lower profits > cuts across the board (except c level) > lower quality > lower sales ... aka the death spiral.. hope they can halt the decline but their unique position as the only real electric car brand ended 5 years ago.. with their prices they compete with Audi, Mercedes, BMW, and the other premium brands.

Edit: my point was indeed that their competition has better quality so the competition does not really work.

[–] [email protected] 9 points 9 months ago (3 children)

with their prices they compete with Audi, Mercedes, BMW, and the other premium brands.

'compete' hahahahahaha

[–] riodoro1 21 points 9 months ago (2 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

load more comments (3 replies)