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Tesla is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). Tesla stock declined for two consecutive trading days, closing at $157.11 on Tuesday, with its year-to-date loss extending to 37%.
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon M...
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon M...
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