News

Elon Musk immediately fired 500 workers “in the blink of an eye,” which sent Tesla stock plunging.

Elon Musk continues to fire 500 employees of Tesla's charging network operations department, from employees to leaders all have lost their jobs.

According to CNBC, the ongoing layoffs are part of Tesla’s major cost-cutting measures after the company’s first-quarter revenue this year dropped 9%, the sharpest decline compared to the same period last year since since 2012.

Company profits also halved in the first three months of 2024 as Tesla lowered car prices and offered incentives to boost consumer demand.

Meanwhile, Musk asserted that “Tesla still plans to grow the Supercharger network, but at a slower pace for new locations and with more focus on uptime and expansion of existing locations ”.

Related Posts

Elon Musk Goes Into A MELTDOWN After Donald Trump Made HUGE Announcement

Elon Musk Opens Up About Struggles, Sparks Global Mental Health Conversation In an emotional live interview, Elon Musk shared the personal challenges he has faced throughout his career,…

20 New Elon Musk Inventions That Will Blow Your Mind

Tesla Introduces $10,000 Home: A Game-Changer in Affordable, Sustainable Living Tesla has unveiled its latest innovation, the Tesla home, an affordable housing solution priced at just $10,000. Designed…

Elon Musk WARNED Nancy Pelosi & She THROWS A TANTRUM Fit

Elon Musk and Nancy Pelosi Clash Over Tech Regulation and Free Speech A heated public dispute has emerged between tech billionaire Elon Musk and former House Speaker Nancy…

Elon Musk’s Family Is Richer Than You Think

Elon Musk: A Billionaire’s Ambitions, Challenges, and Controversies Elon Musk, the visionary entrepreneur behind Tesla, SpaceX, and other groundbreaking ventures, currently boasts a net worth of $164 billion….

“I Tried To Warn You” – Elon Musk LAST WARNING (2024)

Elon Musk Cautions on the Existential Risks of AI, Urges for Immediate Regulation Elon Musk has issued a stark warning about the potential dangers of artificial intelligence (AI),…

This Is Elon Musk’s 70-Year-Old Mom And She Is The Coolest Grandma You’ve Ever Seen

At this point, we all are familiar with Elon Musk, from his many tweets to the iconic SpaceX mission where he launched a Tesla car into outer space. However, many are…