Tesla to lay off more than 10 percent of its workers as sales slow
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"Cost reductions and increased productivity" needed, says Musk.
Enlarge / Tesla's Shanghai factory in 2023.VCG/VCG via Getty Images
Times are starting to get tough for Tesla. The electric vehicle automaker had been riding high, with quarter after quarter of successive growth and plenty of profits in the process. But lately, that success has mostly been due to a series of price cuts meant to tempt customers to buy into an aging lineup. This March, the company reported its first quarterly ...
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