The electric vehicle (EV) market is facing significant challenges, as evidenced by recent developments at Tesla and across Europe. Tesla has announced layoffs, cutting 10% of its workforce and reducing staff by 14% at its Buffalo plant. Additionally, two top executives have left the company, and Tesla's stock has fallen by 35% in the past six months. In Europe, the situation mirrors this downturn, with battery electric car registrations in the EU for March 2024 decreasing by 11.3% to 134,400 units.
Electric Vehicle Sales Plunge Across Europe as Demand Stalls https://t.co/TPjHgK0yTT
What is happening at Tesla? This week the company: - Cut 10% of its workforce - Two top executives announced they were leaving - Also, in the past six months, Tesla’s stock has dropped 35% And it's about to get worse. https://t.co/6zTngLu0OR
Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows https://t.co/U94grZIz2e
The EV boom is slowing down in Europe. Battery electric car registrations in the EU in March 2024 shrank 11.3% to 134,400 units, reflecting the broader market downturn.
WARN Notice out of $TSLA Buffalo plant, cutting 14% of staff Nikkei: Toshiba is going to cut 5,000 jobs
🇺🇸 The EV market is in trouble: The latest sign is Tesla's layoffs https://t.co/gPGoTk0Vdd
The EV market is in trouble: The latest sign is Tesla's layoffs https://t.co/c8bUT4ObTM