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Tesla layoffs are just one of many challenges facing the EV pioneer | TechCrunch Minute

Tesla’s layoffs and executive departures could spell out financial trouble for the EV manufacturer after a long run of success. After laying off at least 10 percent of its staff, the company is shifting its focus in the face of declining demand of EVs and declining margins after a spree of cost cutting. And this…

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Tesla’s layoffs and executive departures could spell out financial trouble for the EV manufacturer after a long run of success. After laying off at least 10 percent of its staff, the company is shifting its focus in the face of declining demand of EVs and declining margins after a spree of cost cutting. And this comes after an already tough year for Tesla, as its market cap has dropped 35 percent, the Cybertruck’s release has been met with a muted response, and its rivals in China are picking up market share. TechCrunch’s Alex Wilhelm explores what Tesla’s investors are hopeful for in the future.

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15 Comments

15 Comments

  1. @solar2k6

    April 16, 2024 at 12:27 pm

    BYD>TESLA

  2. @alphabeta2515

    April 16, 2024 at 12:48 pm

    Robotaxi? bwahaha It’s just another Hyperloop-esque pipe dream.

  3. @InvestingGamble

    April 16, 2024 at 1:17 pm

    4680 battery dry production failed. They have no huge volume battery at low cost. So they cant ship semi, cybertruck or M2. Drew was the man on 4680. His head rolled. If 4680 ends up being a dead end like solar roof or robotaxi, then Tesla is cooked.

    • @armanhadi777

      April 17, 2024 at 4:56 pm

      Let’s give it a year before it hits 100.

  4. @Xanzia1972

    April 16, 2024 at 8:33 pm

    “I’m only interested in feminist Fictions that don’t work in reality” (Musk, everyday).

  5. @SHORTROUND1634

    April 16, 2024 at 9:19 pm

    A lot if techs got let go in the service center

  6. @PushdaCush5253

    April 17, 2024 at 12:40 am

    I think its byd they have a dealership at my town that only has 200k people. TESLA you have to fly 1200km to a big city to test drive. Hope byd don’t kill tesla

    • @markosmataasii2000

      April 17, 2024 at 2:08 am

      It’s over dude, BYD is already taking the growth market in fast developing economies in SEA & LATAM.

  7. @markosmataasii2000

    April 17, 2024 at 2:06 am

    BYD > Nio > Tesla

    • @user-ei2lm6us2e

      April 17, 2024 at 6:38 am

      ?

  8. @surqmamal8382

    April 17, 2024 at 6:34 am

    investors are not inspired when META laid off 33k tech engineers and shutdown metaverse R&D !! did you buy one stock at $88?

  9. @user-ei2lm6us2e

    April 17, 2024 at 6:37 am

    isn’t this the factory that was 1/2 owned by Texas

  10. @stanleywang8686

    April 17, 2024 at 11:37 am

    But on the bright side, looks like my $41 billion comp package is going through

  11. @djpomare

    April 17, 2024 at 2:18 pm

    Are brain implants legal? Is a human recall treated like a Tesla failure recall for numerous accidents and fatalities? Fail and have the cheek to ask for 55.8B?
    Elon’s X spread AI’d puppy rescue photos edited to include be-headed babies to blame on Hammas. American man then stabs 6-year-old Palestinian boy 26 times.
    54 years after Apollo 11, SpaceX blew up two unmanned rockets. My neighbours blew up two unmanned rockets last week.

  12. @user-yo6ji2er1u

    April 18, 2024 at 10:54 am

    Elon…what a sham. Acts like he’s for the common folk and a rebel…but he is one of them. People are grasping at straws for someone, anyone to believe in….this is why people eat him up…even though he is but an actor with no true power except what is given to him by his masters .

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