Tesla has announced layoffs of “more than 10%” of its global workforce in an internal company-wide email. We exclusively reported yesterday that Tesla was prepping a massive layoff.
For the last few months, it has looked like Tesla might be preparing for a round of layoffs. Tesla told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews. It also reduced production at Gigafactory Shanghai.
Read more about this (if you can stop laughing for a minute) here.
I wonder if Ford is still going "all ahead full" on their new truck plant at Stanton, Tennessee.
ReplyDeleteIf Elon was smart, he'd be slowly and silently divesting a good chunk of his Tesla shares. EVs are not going to be successfully shoved down Americans' throats en masse. They have a small niche market, which Tesla dominates, but they don't need to tool up as if everyone is going to buy EVs.
ReplyDeleteThe long term smart play is SpaceX. NASA is incapable of functioning without them.
When a TESLA is stolen,
ReplyDeleteIt becomes an EDISON