) has announced a large reduction in staff on the heels of a disappointing Q1 delivery report, following in the footsteps of legacy automakers and pure-play EV makers, per an internal memo.“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk wrote in the memo.
“This is an ominous signal that speaks to tough times ahead for Tesla as Musk navigated this Category 5 storm,” Ives said in a comment to Yahoo Finance. “Demand has been soft globally, and this is an unfortunately necessary move for Tesla to cut costs with a softer growth outlook.” -- The world is facing a growing shortage of its most versatile edible oil. The solution may lie with emerging producers half a world away from Southeast Asia’s vast palm oil plantations.
When Paul and Teresa Polyviou moved into their new home in Kleinburg, Ont., they envisioned hosting family and friends in the backyard.Last May, the couple hired Gianni Evangelisti of Freedom Pools to bring that vision to life by extending their interlocked driveway and building a side walkway to an all-stone backyard patio, with new concrete stairs and a shaded wooden canopy.It was supposed to be a two-week job, Paul Polyviou said.
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India Says Up to Tesla to Lay Down EV Plant Investment PlansIndia’s industry secretary said the ball is now in Tesla Inc.’s court to lay down its investment plans for the South Asian nation after the government cut import duty on electric vehicles.
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