Tesla plans to implement further job cuts beyond the recent layoff of over 10 percent of its workforce as part of its cost-cutting measures amid challenges in the electric vehicle market, according to a report by US media. Elon Musk, CEO of Tesla, expressed a commitment to stringent headcount and cost reduction in an email, targeting executives who retain staff not meeting high standards.
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Tesla has officially reduced the pricing of three of its EVs: Model Y, Model X, and Model S, in the US. Each model will now cost US$2,000 each, as per an official announcement by the EV company.
Piyush Goyal, Commerce Minister stressed on formulating laws and tariffs to attract global EV manufacturers and rejected special treatment to any specific company including, Tesla
E.dis, a division of German energy network firm E.ON , said speedy weekend assembly work meant there was a chance power could restart in the evening of March 11.