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As Tesla layoffs continue, here are 600 jobs the company cut in California - TL;DR CNBC

As Tesla layoffs continue, here are 600 jobs the company cut in California

Publishing timestamp: 2024-05-17 12:09:12


Summary

Tesla is cutting about 600 more jobs at its manufacturing facilities and engineering offices in California as part of a massive restructuring following a drop in sales and stock price. The layoffs impact a wide range of roles and departments, and come as Tesla faces weakening demand and increased competition in the electric vehicle market. CEO Elon Musk has been focusing on the potential of self-driving software and other futuristic projects to reassure investors.


Sentiment: NEGATIVE

Tickers: TSLA

Keywords: tesla inctechnologyautoslayoffsbreaking news: technologybusiness newselon musk

Source: https://www.cnbc.com/2024/05/17/as-tesla-layoffs-continue-here-are-600-jobs-cut-in-california.html


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