From Investing.com: 2024-04-14 23:35:52

Tesla Inc is rumored to be planning significant layoffs as reports from Business Insider and Electrek show concerns among employees over worsening sales. The company may announce layoffs as high as 20%, with production shifts for the Cybertruck already shortened. This comes as Tesla faces a sharp drop in deliveries and decreased EV demand globally. Despite these challenges, Tesla is looking to invest in self-driving and AI technology to boost sales. CEO Elon Musk aims to unveil a robotaxi in August.



Read more at Investing.com: Tesla employees concerned over potential, large-scale layoffs- reports By Investing.com