Monday, 22 April, 2024

Tesla Announces Layoffs, Cybertruck Recalls, and Serves IPO

Tesla unveils plans for layoffs amidst financial challenges, along with recalls for its Cybertruck due to manufacturing issues. Simultaneously, the company prepares for an IPO of its subsidiary, Tesla Serves, aiming to capitalize on its growing presence in the service industry. These developments highlight the complexities and pressures facing Tesla as it navigates production challenges and seeks to diversify its revenue streams.