on Monday, after employees were informed about the company's plans to cut their performance bonuses, which are linked to the factory's performance, according to online posts and workers.
The company, led by billionaire Elon Musk, has said a ramp up in production at its factories in Austin, Texas and Berlin would help improve margins due to economies of scale.this year, especially in China, where a slump in demand for EVs has left stocks of the metal piling up. "It's probable that Tesla's margins will be preserved based on the reduction in commodity costs," said George Gianarikas, analyst at Canaccord Genuity.
Tesla is targeting deliveries of 1.8 million vehicles this year, though Musk said in January the automaker could hand out 2 million vehicles if circumstances are favorable.Reporting by Akash Sriram in Bengaluru, Writing by Aditya Soni; Editing by Sayantani Ghosh and Shinjini GanguliAkash reports on technology companies in the United States, electric vehicle companies, and the space industry. His reporting usually appears in the Autos & Transportation and Technology sections.
Maybe it's all the lemons
Most EV buyers are left-leaning,elonmusk shat on his own meal, thankfully there are other options available.
You can buy a Model S for as Little as $44,000, so they're definitely affordable. Problem is, the MAJORITY of EV owners are DEMOCRATS and elmo is on the wrong side.
When asked about how Ford was doing, the response was, Doug's doing just fine.
Weak economy? This whole country is doing better than ever!
There’s more than competition and economy at play here. There are a lot of people like me that will never buy a Tesla again (had two, got rid of them and have a Rivian and an ID.4 now) because of elonmusk and his antics on the world stage.
Reuters agenda against Tesla continues. They made no attempt to self correct even after their lies about Tesla delivery numbers were exposed and admitted.
mayemusk you better get to work with that new nutrition phd
Elon pissed off rich democrats. You know who buys teslas: rich democrats.
wheel
Good. We need more choices _and_ Tesla was constrained by its own greed and hubris as it had a market of early adopters who were willing to pay luxury/supercar prices for yugo quality builds. Tesla, if it were run by good msnsgement, will up its game. Win for consumers.