Tesla profits cut in half as demand falls
www.bbc.com
The EV maker brings forward launch plans for new models as profits drop by more than half.

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.

  • Billiam@lemmy.worldEnglish
    15·
    7 months ago

    Ah yes, the autonomous cars that are limited to only cameras and not any other form of sensor like radar/lidar will be so successful!

    • wewbull@feddit.ukEnglish
      37·
      7 months ago

      It doesn’t matter what sensors you have. Autonomy is a pipe dream.

      • NotMyOldRedditName@lemmy.worldEnglish
        10·
        7 months ago

        Autonomy is not a pipe dream. It might not happen with Teslas sensors, and it might not happen for many many more years, but it will happen.

        There’s nothing unattainable about it with sufficient technology

        • wewbull@feddit.ukEnglish
          12·
          7 months ago

          with sufficient technology

          Well of course but that statement is writing a blank cheque. Let me cap my statement.

          “…within the next century”.

          • TexMexBazooka@lemm.eeEnglish
            2·
            7 months ago

            My pet theory is that self driving will start to really gain momentum when new construction in gentrified areas start designing roads with aids for self driving. It would require a degree of standardization to work across different manufacturers though.