Tesla Trims Staff as EV Market Growth Slows, BYD Rides NEV Sales Surge
The electric vehicle (EV) market is experiencing a period of adjustment, with contrasting fortunes for industry leaders Tesla and BYD. Tesla Cuts Costs, Reduces Workforce Tesla, facing a slowdown in electric vehicle demand and a slumping stock price, announced plans to cut over 10% of its global workforce, estimated to be around 14,000 employees. CEO Elon Musk cited the need for “cost reductions and increasing … Continue reading Tesla Trims Staff as EV Market Growth Slows, BYD Rides NEV Sales Surge

