Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters shows, as it grapples with falling sales and an intensifying price war for electric vehicles https://reut.rs/3U19WKA | Reuters
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In December 2008, both Tesla and SpaceX were very close to going bankrupt. Tesla was hit hard by the 2008 financial crisis. The company almost ran out of money and struggled to pay its employees. In May 2009, Tesla was saved when Daimler (now Mercedes-Benz) invested $50 million and bought 10% of the company. Elon Musk’s determination and willingness to risk everything helped Tesla survive this difficult time. Subtitles by @scriptivox —- Curating wisdom from world's best founders and showing the
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This week Tesla had another round of layoffs directly affecting the company’s software, service and engineering departments. Former Tesla employees posted about their termination on social media as EV sales continue to backslide. Will this impact future supercharger sites, and is this a sign that Tesla is shifting to evolve beyond electric vehicles? Joanna Stern from The Wall Street Journal is here to break down this story on a new episode of Bytes. Link in bio. | Marketplace Business News
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