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

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

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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.

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[–] MyOpinion@lemm.ee 47 points 6 months ago (2 children)

Tesla is a slow motion train wreck. Their answer to the china low cost cars was a Robo Taxi. They are completely out of touch with the ev market now.

[–] RizzRustbolt@lemmy.world 22 points 6 months ago (2 children)

Actually, they're speedrunning the Boeing approach.

"Announce new technological marvels while simultaneously slashing their workforce" is just two steps before "product falls apart during usage".

[–] kameecoding@lemmy.world 17 points 6 months ago (1 children)

I mean, cybertrucks get bricked in a carwash, pretty sure that qualifies under usage and falling apart

[–] vaultdweller013@sh.itjust.works 2 points 6 months ago

Honestly the welding and soddering joints breaking down in some vehicles is also a pretty good example of dropping quality. The cybertruck is a mess from the start but the other cars in theory are kinda ok, like I would fucking burn one if it was force on me but I think late 80s interiors are peak.

[–] Kolanaki@yiffit.net 1 points 6 months ago

I thought Teslas were already doing that. 🤔

[–] mosiacmango@lemm.ee 19 points 6 months ago* (last edited 6 months ago)

Yeah but come on. They spent years making a "Delorean, but now its a truck!" that rusts in the rain, has barely 180miles of actual range, has a non standard pickup truck bed, cant tow worth shit, cost between 60k and 100k dollars, has such shoddy workmanship that the accelerator pedal can fail and jam on, and they managed to sell a stunning 3800 of them in 6 months.

Whose got time for a blockbuster, feverishly in demand 20k electric sedan when you have "a kool dude" like the above to work on for 3 or 4 or 6 years.