Tesla is laying off more than 10 percent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles. "About every...
Welcome toCritical Materials, your daily roundup for all things EV and automotive tech. Today, we're talking about Musk's big payday. Plus, Rivian is laying off more workers and Mexico looks to put a stop to incentives for Chinese EV makers. 30%: Tesla Lobbies For Elon Musk's $56 Bill...
even for the established players. mason trinca/the washington post/getty images save save in an open letter to tesla staff today, ceo elon musk announced the automaker is laying off 7 percent of its full-time work force, more than 3,000 people. it’s an effort, musk wrote, to streamline...
Tesla has laid off about 9 percent of its employees as part of a “company-wide restructuring,” according to an email sent to staff by CEO Elon Musk this morning. The cuts, which account for more than 3,000 jobs, will not affect the company’s continued effort to ramp up production o...
Tesla's layoffs are higher than 10 percent in China, where some departments had cut 30 to 40 percent of their staff, with the figure for the sales department reaching up to 50 percent. The average layoff ratio is around ...
The financial statements that Tesla submitted to the United States Securities and Exchange Commission show that as of late 2021 Tesla had 99,290 employees across the globe. If Tesla lays off 10% of its staff, nearly 10,000 people will lose their jobs. ...
The financial statements that Tesla submitted to the United States Securities and Exchange Commission show that as of late 2021 Tesla had 99,290 employees across the globe. If Tesla lays off 10% of its staff, nearly 10,000 people will lose their jobs. ...
Pete Pachal, CoinDesk's chief of staff for the content team, argues Elon Musk’s tech layoff announcement is due to the bad ‘economy.’ Tesla is making the case to shareholders supporting a3-for-1 stock split. Elon Musk’selectric-vehicle maker, in proxy materials released late Friday, ex...
Tesla made significant cuts to its sales staff earlier this year, at a time it was already struggling with slipping demand. Musk has said he wants the company’s vehicles to mostly be purchased online and ordered as easily as snapping up items off Amazon. However, many customers new to EVs...
Explore the history of Tesla to see how the prominent electric car company got to where it is today.