"Times are starting to get tough for Tesla. The electric vehicle automaker had been riding high, with quarter after quarter of successive growth and plenty of profits in the process. But lately, that success has mostly been due to a series of price cuts meant to tempt customers to buy into an aging lineup. This March, the company reported its first quarterly decline since 2020.Basically, Tesla's challenge was to learn how to make a car company faster than established car companies could learn how to make Teslas.
Now, it plans to lay off more than 10 percent of its workforce, according to an internal memo seen by Reuters."
