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

submitted 4 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 19 points 4 months ago* (last edited 4 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.