Tesla to cut workforce by over 10 per cent – reports

AutoExec Summary
Tesla is reportedly retrenching 15,000 workers globally to cut costs and increase productivity as sales and profit margins decline. The company has cancelled development of a more affordable model, and is heavily reliant on the Model 3 and Model Y. CEO Elon Musk has announced plans to unveil a robotaxi, but regulators say Tesla has not filed the necessary permits.

Brands mentioned: Tesla, Chevrolet Bolt