Tesla's Global Job Cuts Affecting China, Its Biggest Market

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 44 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 53%

Business Nyheter

Tesla,Job Cuts,China

Tesla's global job cuts are impacting its China sales team, with more than 10% of staff losing their jobs. The company is facing falling sales and a price war for electric vehicles.

)'s global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said.

The two sources said some staff in Tesla's China sales team were being notified, with one saying more than 10% were losing their jobs. The second source said other teams were also impacted. The Shanghai and Beijing local governments did not immediately respond to requests for comment. Tesla's largest plant globally is based in Shanghai, while its China head office is in Beijing.

Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Goldman earnings, Tesla job cuts, Apple market share - what's moving marketsGoldman earnings, Tesla job cuts, Apple market share - what's moving markets
Källa: Investingcom - 🏆 450. / 53 Läs mer »