Posted on 05/20/2024 9:24:55 AM PDT by ChicagoConservative27
Elon Musk’s Tesla is continuing to lay off employees as the company has slashed an additional 600 jobs across its California facilities, affecting a wide range of positions from factory workers to engineers.
CNBC reports that Tesla has been grappling with a series of challenges that have led to multiple rounds of layoffs over the past month. The latest round of layoffs, reported in a Worker Adjustment and Retraining Notification (WARN) Act filing obtained by CNBC, impacted a wide range of positions, from entry-level roles to directors, spanning various departments such as factory workers, software developers, and robotics engineers. This move comes as Tesla faces weakening demand for its electric vehicles and increased competition in the market.
(Excerpt) Read more at breitbart.com ...
But the economy is BLAZING!!! The media told me so—
Elon fan boys flogging SpaceX won’t drop by. They seemed to have forgotten about the hyperloop and the Boring company as well.
“its California facilities”
They are hiring in Texas.
This is less about the overall economy than the collapsing demand for impractical electric vehicles.
What’s hitting Tesla the hardest right now is they’re not getting the repeat customers they need to establish a long term foothold in the market.
EV’s are simply a fad and the fad, ironically, is running out of gas.
“Elon’s Bloodbath Continues”
2024 expected revenue: $118 billion.
Now that’s funny. Good for Musk.
“This is less about the overall economy than the collapsing demand for impractical electric vehicles.”
No. It is about sales in China where the Chinese are rapidly flooding their market with subsidized EVs.
Is ‘bloodbath’ going to be the word of the year for 2024?
“Is ‘bloodbath’ going to be the word of the year for 2024?”
BB headline writer saw a downtick in clicks with old click-bait words.
Elon should liquidate Tesla and get out while the getting is good.
“What’s hitting Tesla the hardest right now is they’re not getting the repeat customers they need to establish a long term foothold in the market.”
What is hurting Tesla most is cheap subsidized cars in China.
Where will governments of the world get all the EVs for their EV mandates , China ? LOL Some countries have already moved the end of new ICE car production from 2030 to 2035 , LOL
but the Chinese don’t even want the crap Chinese EVs
“Elon should liquidate Tesla and get out while the getting is good.”
LOL! He has the world’s best selling car!
“EV’s are simply a fad and the fad, ironically, is running out of gas.”
The Tesla Y is the #1 car sold in the world.
Have an accident in an EV and 99.9999999999% it’s written off
Tesla employs over 140k people.....600 isn’t a big number really....
Sounds like he’s just shifting labor to better locations.
LOL
Elon has said, more than once, he is bailing on Calif.
So, cutting the workforce, one he has already said would be zeroed out is a ‘bloodbath’?
Another worthless ‘news’ story.
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