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.
tesla was always a pump and dump. build it up quick, use it as financial vehicle, GTFO before it falls over.
they have never had an exit strategy or long-term plans for their products.
Become worlds largest EV maker for a decade then have a slump in profits.
Yea, its a pump n dump! You are very smart!
They were the first. Now many others have better cars. Tesla quality is awful.
its cute you think a decade is a long time in vehicle manufacturing. you keep being you
A decade is a very long game for a pump n dump, sweety.
i know edsel was thinking the same thing
So every company that fails is retroactively a pump n dump.
AMC? Buick? SAAB? etc
Moron.
If you have a point to be made, no one is going to listen as long as you’re going to be a fuckin’ dick about it.
Thats how this started dick
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Elon doesn’t care about making the companies he owns work. He’s just looking for that next bong hit of attention he gets from keeping his name in the news.
He burned through tens of billions to buy Twitter, turned it to crap (well . . . crappier than it was) and he doesn’t care. He gets bored with his toys quickly if they don’t get him the attention he craves.