Tesla to cut more than 10% of its global workforce

CNBC's Phil LeBeau reports on news from Tesla.

[willtwain]

Musk's A44hole brand is killing Tesla. He can rot.

[TenthCrane]

The Delaware judge was right to deny Elon's $55 billion compensation.

[SuperCatbert]

Its 2024, tesla ev production is barely 2m per anum, while legacy churns out 100M vehicles a year combined. Yet Tesla is worth more than all of them combined. Its a bubble on a hyperbubble. Stock to 20.

[mandelm]

“Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America, ” Musk tweeted Monday. “Then extend to rest of world after we ensure it works well on local roads and regulators approve it in that country.” May 8, 2023

Tesla just did that, they made it available to all Teslas that support FSD in the US and Canada. I’ve driven it and it is mind blowing. New versions come out every two weeks so it is improving rapidly. The product is now end to end AI and trains using actual driver video. Supervised Full Self Driving is no longer a Beta product and is now ready for wide release.

They just lowered the price to $99/mo and anecdotally the take rate will be much higher than before. I certainly will do it.

[Sabundy]

Tesla has lived and died on Musk's brand/cult of personality. And as he has managed to change the public's general perception to him as being a deeply unlikable person goes Tesla's fortunes. Every day he is becoming an increasing liability to the company.

[meatslide]

Only so many people you can scam before the word gets out

[magic_fruit_bat]

Oof, and double oof. Many are saying that the rats are starting to leave the sinking ship. The end is nigh according to the markets.

[aishaalamoudi]

Reuters was right, Musk lied; he's ditching the model 2 and focusing on Robotaxis.

[andrerodriguez]

Hey Phil, have you gone out to test drive a new Tesla with FSD 12.3.4. yet? You can see it can drive from ‘point A to point B’. Than you can correct yourself on you last statements on FSD from you last report on CNBC. You definitely need to get out of the office, and do some real leg work before making false and ridiculous statements.

[Muricans]

Very clear the Cybertruck Vanity project by Tesla instead of focusing and investing on a mass market model 2 or a Model X replacement has left them with an aging who really needs a Cybertruck for commercial purposes.... its high end big sports car with limited use .... hope Tesla gets refocused now and turns things around. Doing it without Tax payer $$ via incentives, grants or a bailout would be great also!

[danielschmitt]

I wont buy an electric car. No where to charge it. Takes too long to charge. Power drains too quickly running the radio and air conditioning whilst driving.

[glassesstapler]

So glad I brought those Puts 4 months ago. After my shoeshine guy gave me a tip to buy TSLA I figured it'd be a great time to exit lol

[serdargunes-zysl]

There’s something wrong with the them they don’t take care enough or explain enough no ones know what a company does Tesla do now everyone so worried every single keep going down and down had enough it’s like a joke instead the Tesla no matter what we was buying now our money double up all the market do the show earn so good ı m so disappointed on Tesla

[bigtvjunky]

I assume most of the layoffs will be in China where demand was never real and they have huge parking lots full of finished cars ready to load on ships.

[douginorlando]

This is looks like the beginning of a long deep recession. Lots of layoffs have been happening with Google, Facebook, etc. Tesla now is in recession mode. The whole car industry will be following.

[gainer]

Can Tesla close Green Today.?? Will Fisker..FSRN Hold over 40 % Gains Today..?? Can Rivian and Polestar deliver new EVs on time. ?? Will XOS Trucks add manufacturer capacity after SOLO acquisition. ? Long-term EV sector investing. (?

[mheard]

Tesla is simply cutting expenses anticipating new investors, products & technology. Tesla is a overall great company with HUGE upside.(My Opinion)