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 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.
Subscribe for more on KZbin: tcrn.ch/youtube
Follow TechCrunch on Instagram: tcrn.ch/instagram
TikTok: tcrn.ch/tiktok
X: tcrn.ch/x
Facebook: tcrn.ch/facebook
Read more: techcrunch.com/

[@alphabeta2515]

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

[@solar2k6]

BYD>TESLA

[@InvestingGamble]

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]

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

[@stanleywang8686]

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

[@user-ei2lm6us2e]

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

[@HOTPLATEGAMING]

A lot if techs got let go in the service center

[@surqmamal8382]

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

[@markosmataasii2000]

BYD > Nio > Tesla

[@user-ei2lm6us2e]

?

[@Xanzia1972]

"I'm only interested in feminist Fictions that don't work in reality" (Musk, everyday).

[@PushdaCush5253]

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]

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