Tesla earnings reduce in half of as demand falls | BBC News

Tesla earnings reduce in half of as demand falls | BBC News

Tesla has considered its earnings more than halve this yr, and says it would elevate forward the commence of new fashions after announcing hundreds of job cuts to procure a stare upon to reverse its fortunes.

The electrical vehicle maker said on Tuesday it had made $1.13bn (£910m) over the first three months of the yr, when put next with $2.51bn a yr earlier.

Tesla, owned and scoot by the billionaire Elon Musk, said it would axe more than 6,000 jobs at its web sites in Texas and California.

The corporate has suffered from falling demand and opponents from more inexpensive Chinese language imports which has led its stock ticket to spoil down by 43% over 2024.

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