Tesla Cost Cutting

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.

Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.

Elon Musk on Tuesday claimed that the company's next-generation small car would operate mostly in autonomous mode. Back in 2020, Elon Musk had stated that he was "confident" Tesla would make a small electric car that was fully autonomous in three years.

Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...

Tesla told its investors on Wednesday that the company will cut its electric vehicle production costs by half for future generations of cars. Tesla CEO Elon Musk, however, did not reveal plans for a much-awaited affordable EV. Musk had been expected to lay out a plan to make a more-affordable Tesla EV that would broaden his brand's appeal and fend ...

Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.

Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices.

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

Ford could cut thousands of jobs as part of the company’s efforts to transition to electric vehicles (EVs), according to a report by the Wall Street Journal. The automobile manufacturer could cut over 4,000 jobs in the coming weeks, according to the report, while Bloomberg reports that as many as 8,000 jobs could be affected. The company is sched...

Tesla laid off roughly 200 hourly workers working on its Autopilot driver-assistant system and shuttered its office in San Mateo, California on Tuesday, according to employees. The move comes after Tesla Chief Executive Officer Elon Musk previously revealed that Tesla would need to cut staff by about 10 percent. However, the cuts were expected to a...

Tesla posted a bigger second-quarter profit than expected thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.

India wants to boost local manufacturing of electric vehicles (EVs), batteries and other components to cut costly imports and curb pollution in its major cities.

Elon Musk urged employees to stay focused on cutting costs and prevent a reversal in Tesla's soaring stock price in an email sent Tuesday to employees as the Palo Alto, California-based company works to meet a target of delivering half a million cars this year

Hyundai said it will introduce E-GMP, an electric vehicle-only platform, early next year that will use its own battery technology to cut production time and costs.

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.

Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.

Elon Musk on Tuesday claimed that the company's next-generation small car would operate mostly in autonomous mode. Back in 2020, Elon Musk had stated that he was "confident" Tesla would make a small electric car that was fully autonomous in three years.

Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...

Tesla told its investors on Wednesday that the company will cut its electric vehicle production costs by half for future generations of cars. Tesla CEO Elon Musk, however, did not reveal plans for a much-awaited affordable EV. Musk had been expected to lay out a plan to make a more-affordable Tesla EV that would broaden his brand's appeal and fend ...

Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.

Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices.

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

Ford could cut thousands of jobs as part of the company’s efforts to transition to electric vehicles (EVs), according to a report by the Wall Street Journal. The automobile manufacturer could cut over 4,000 jobs in the coming weeks, according to the report, while Bloomberg reports that as many as 8,000 jobs could be affected. The company is sched...

Tesla laid off roughly 200 hourly workers working on its Autopilot driver-assistant system and shuttered its office in San Mateo, California on Tuesday, according to employees. The move comes after Tesla Chief Executive Officer Elon Musk previously revealed that Tesla would need to cut staff by about 10 percent. However, the cuts were expected to a...

Tesla posted a bigger second-quarter profit than expected thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.

India wants to boost local manufacturing of electric vehicles (EVs), batteries and other components to cut costly imports and curb pollution in its major cities.

Elon Musk urged employees to stay focused on cutting costs and prevent a reversal in Tesla's soaring stock price in an email sent Tuesday to employees as the Palo Alto, California-based company works to meet a target of delivering half a million cars this year

Hyundai said it will introduce E-GMP, an electric vehicle-only platform, early next year that will use its own battery technology to cut production time and costs.