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.
Other than on price, Tesla is just not on par with premium German brands.
And the Chinese EVs beat everyone on price…
But Americans aren’t allowed to buy them
If we had access to those, lots more Americans would be driving EVs.
https://www.latimes.com/world-nation/story/2024-04-19/china-ev-war-tariffs-tesla
We’re not allowed to buy them because other companies can’t compete, but even without being able to buy them, EV makers are going out of business.
The rich get protected while consumers and the environment gets fucked over
We could never sell those dirty ChiCom cars in the US! Can you imagine what would happen if those cars collected your driving habits and reported them back to
Ford GM Stellantis Tesla Honda VW Toyota Hyundai SubaruXi Jinping!?