Tesla (TSLA) to lay off 10% of employees
CEO Elon Musk says Tesla needs to reduce costs and increase productivity.
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CEO Elon Musk says Tesla needs to reduce costs and increase productivity.
Revealed just under two years ago, Tesla has been preparing to enter the robotaxi industry with a new product of its own.
Tesla reported an 8.5 percent drop in vehicle deliveries compared to last year.
Rivian's upcoming R2 SUV represents a less pricey offering from the company as it attempts to meet customer demand for a more cost-effective EV.
The Apple company has spent years behind the scenes developing concepts and speaking with auto makers about collaboration.
The EV company has produced new guidance numbers for its upcoming financial year.
The Cybertruck's rollout has been a continuous source of unexpected and noteworthy costs for Tesla over the course of its development.
Tesla plans to manufacture its next EV at its Texas Gigafactory.
Tesla boasts that its Model Y EV was the best-selling vehicle in the world last year.
Tesla's Q4 saw the worst profitability the company has posted in a full year of quarterly financial reporting.