TSLA Jun 2024 185.000 put
- Yahoo Finance
New EV tax credit rules mean cars with Chinese materials won't qualify — but there's a catch
New rules from the Treasury Department will make it harder for vehicles to qualify for the federal EV tax credit, though the automakers were also granted a reprieve.
- Reuters
Tesla lays off more staff in software, service teams, Electrek reports
The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Tesla, whose shares were up more than 1%, did not immediately respond to a Reuters request for comment. Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles.
- Reuters
UPDATE 3-Tesla lays off more staff in software, service teams, Electrek reports
Electric-vehicle maker Tesla has laid off staff from the software, service and engineering departments, tech publication Electrek reported on Monday, citing sources familiar with the matter. The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Tesla, whose shares were up more than 1%, did not immediately respond to a Reuters request for comment.
