Tesla reportedly plans more layoffs as the company’s stock tanks | Engadget

TL;DR

Reports have the company will announce plans to build another Gigafactory in Mexico in the coming days.However, it has had to contend with the added wrinkle of Musk's protracted takeover of Twitter, then his chaotic day-to-day management of that company (which included mass layoffs).Some Tesla investors have been by Musk getting preoccupied by Twitter and pulling his attention further away from the automaker, leading them to sell off their stock.There are suggestions that demand for Tesla vehicles has slowed, with some people amid Musk's calamitous Twitter reign.Many other tech and automotive companies have carried out layoffs and/or frozen or slowed hiring this year due to a broader market downturn and fears of a recession."

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