The EV market is in trouble: The latest sign is Tesla's layoffs [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
Cybertrucks is riddled with quality problems . The low-cost Model 2 recently promised by Chief Executive Elon Musk appears to be dead. Some of Tesla's most environmentally conscious buyers are signaling their disgust with the behavior of Musk by turning to other brands, even as price cut follows price cut. Those bargain basement deals are squeezing profit margins, though the company remains profitable and still sells more EVs than other automakers. The company's four auto factories have more car-making capacity than the company has customers. The situation is so serious that on Monday, Musk announced that “more than 10%” of its global workforce would be laid off . How much more Musk did not say. Tesla did not respond to a request for comment for this article, but Musk said in an internal email explaining the layoffs that the company had to seek cost reductions and higher productivity. If Tesla were the only electric car maker under pressure, that alone would send shivers throu
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- TSLA's page on the SEC website