Tesla to Lay Off 10% of Workers After Dismal 1Q Sales

According to multiple news outlets, Tesla Inc. is set to lay off approximately 10% of its employees in response to underwhelming sales figures in the first quarter of the year.

The electric car manufacturer, led by CEO Elon Musk, has faced challenges in meeting production targets and delivering vehicles to customers in recent months. This has resulted in a significant drop in sales compared to previous quarters.

While Tesla has not officially confirmed the layoffs, reports from reputable sources suggest that the company is looking to streamline its operations and reduce costs amid financial pressures.

Investors and industry analysts are closely monitoring the situation at Tesla, as the company continues to navigate a competitive market and strive for profitability.

Stay tuned for further updates on this developing story as more details emerge.