Tesla Cuts More Jobs In China As Competition Heats Up
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Shivani Kumaresan (via Benzinga)
Tesla (NASDAQ:TSLA) grapples with mounting job cuts in China amid fierce market competition. Recent layoffs, part of a global downsizing effort exceeding 10%, target various departments at the Shanghai plant. With sales dipping and market share shrinking to 7.5% in Q1 2024, Tesla faces a pivotal moment in China's EV landscape.
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