$Tesla Motors(TSLA)$ Tesla, In

Tesla, Inc., which has been buffeted by fundamental issues, is looking to trim its workforce, according to a report that surfaced late Sunday.

Tesla has notified regarding of a shortening of Cybertruck production shift at the Giga Texas factory even as the electric-vehicle giant is bracing for a round of layoffs this week, Electrek reported, citing reports from employees.

The job cuts being contemplated would be in the order of up to 20% reduction, and in absolute terms it could mean tens of thousands of employees, the report said.

What’s more, It looks like Tesla sales in Europe have maxed out. Not much has changed in the last 6 quarters. 95K to 85K deliveries.

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RaymondReed
04-16
RaymondReed
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