Tesla's Workforce Shake-Up Sparks Concerns

Tesla's recent decision to lay off more than 10% of its global workforce has raised concerns about the company's future amidst dwindling sales and internal restructuring. CEO Elon Musk's efforts to cut costs and boost productivity have led to the departure of key executives, drawing mixed reactions from investors. The move comes as Tesla faces increasing competition in the electric vehicle market and struggles to meet mass-market growth expectations. The impact of these layoffs on Tesla's growth trajectory and market position remains uncertain, as the company navigates a challenging landscape of evolving consumer preferences and regulatory pressures.