“Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo”
April 15, 2024
“Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down around 3% on Monday morning…
Tesla shares have taken a bruising in recent months, falling 31% year to date. While electric vehicle sales are still gaining popularity worldwide, their sales growth rate has slowed especially for Tesla. The company now faces more competition than ever…”
https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html
What competition? Cheap Chinese EV’s that blow up? EV’s are on the decline. EV’s are horrible. Customers have found out. Sales are down and the economy is bad on top of that. I’m sure Tesla will but fine but EV’s are a niche market. It’ll stay that way forever.