Tesla is cutting its full-time workforce by 7% to help lower costs so it can sell the Model 3 sedan at a lower price. Shares fell 13%.

Topics:  model   tesla   price   
BING NEWS:
  • Tesla laying off more than 10% of staff globally as sales fall
    Tesla told staff it is laying off more than 10% 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 ...
    04/15/2024 - 10:43 am | View Link
  • Tesla to slash more than 14,000 jobs
    Slowing demand for electric cars has led Elon Musk’s company to announce it will sack 10 per cent of its workforce globally.
    04/15/2024 - 4:01 am | View Link
  • Tesla to Cut Over 10% of Workforce in Global Retrenchment
    Tesla Inc. will slash global head count by more than 10% ... citing slow output of its newest model — the Cybertruck — and a lull in new products until the company starts producing a next ...
    04/15/2024 - 3:07 am | View Link
  • Dow Jones Pares Gains As Yields Surge On Retail Sales; Goldman Pops, Tesla Slashes Jobs
    Futures rose as Iran-Israel fears ebb. Tesla will slash jobs. Goldman earnings beat. Apple iPhone demand woes grow.
    04/15/2024 - 2:37 am | View Link
  • Tesla to slash global workforce more than 10% as it faces price war: ‘Difficult decision’
    Tesla is laying off more than 10% of its global workforce — a move CEO Elon Musk called a “difficult decision” for the company as it grapples with falling sales amid an intensifying price war for ...
    04/15/2024 - 2:02 am | View Link
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