Technology

59457 readers

2996 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

402

Tesla profits nosedive as more job cuts announced (www.bbc.com)

submitted 7 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

81 comments fedilink hide all child comments

Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models after announcing thousands of job cuts to try to reverse its fortunes.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla's total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

you are viewing a single comment's thread
view the rest of the comments

[–] originalucifer@moist.catsweat.com 33 points 7 months ago (2 children)

tesla was always a pump and dump. build it up quick, use it as financial vehicle, GTFO before it falls over.

they have never had an exit strategy or long-term plans for their products.

[–] NutWrench@lemmy.world 2 points 6 months ago

Elon doesn't care about making the companies he owns work. He's just looking for that next bong hit of attention he gets from keeping his name in the news.

He burned through tens of billions to buy Twitter, turned it to crap (well . . . crappier than it was) and he doesn't care. He gets bored with his toys quickly if they don't get him the attention he craves.