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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] 23 points 4 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".

[–] [email protected] 17 points 4 months ago (1 children)

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

[–] vaultdweller013 2 points 4 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.

[–] [email protected] 1 points 4 months ago

I thought Teslas were already doing that. 🤔