Tesla profits cut in half as demand falls
www.bbc.com
The EV maker brings forward launch plans for new models as profits drop by more than half.

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.

  • RizzRustbolt@lemmy.worldEnglish
    23·
    7 months ago

    Actually, they’re speedrunning the Boeing approach.

    “Announce new technological marvels while simultaneously slashing their workforce” is just two steps before “product falls apart during usage”.

    • kameecoding@lemmy.worldEnglish
      17·
      6 months ago

      I mean, cybertrucks get bricked in a carwash, pretty sure that qualifies under usage and falling apart

      • vaultdweller013@sh.itjust.worksEnglish
        2·
        6 months ago

        Honestly the welding and soddering joints breaking down in some vehicles is also a pretty good example of dropping quality. The cybertruck is a mess from the start but the other cars in theory are kinda ok, like I would fucking burn one if it was force on me but I think late 80s interiors are peak.