Published by Josh White on 16th April 2024
(Sharecast News) - Tesla is to cut more than 14,000 jobs as Elon Musk's groundbreaking electric car company feels the heat of a global price war with Chinese rivals at the same time as stalled demand for zero-emission vehicles. In an email to staff amid reports that workers in California and Texas have begun receiving redundancy notices, Musk stated: "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity." - The Times