Tesla lays off more staff in software, service teams, Electrek reports [Yahoo! Finance Canada]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance Canada
The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Employees at the automaker received emails over the weekend as part of broader layoffs, according to the Electrek report. Tesla, whose shares were up more than 1%, did not immediately respond to a Reuters request for comment. ADVERTISEMENT The company disclosed in notices last month that it will lay off more than 6,700 employees across its locations in Texas, California, Nevada and New York. Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles. The company is looking to focus on autonomous driving software, robotaxis and its humanoid robot Optimus, and Musk could be cutting its spending on certain teams to preserve cash for those projects, analysts have said. Tesla discl
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TSLA
Earnings
- 4/23/24 - Beat
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Sec Filings
- 5/17/24 - Form DEFA14A
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- TSLA's page on the SEC website