Tesla lays off another 229 jobs

Tesla in San Mateo, California, laying off 229 employees, documents show that Tesla will permanently close the branch in the area. It is reported that these employees mainly develop the Autopilot driver assistance system.

Tesla CEO Elon Musk told executives last month that he had a very bad feeling about the economic situation and that the company needed to cut 10% of its workforce.

There is also worrying news from Tesla rival Rivian, which may also lay off workers. Rivian CEO RJ. Robert Joseph Scaringe said in an email that the current economic environment will also affect Rivian, and the company must ensure continued growth. Although the current financial situation is still very good, the company must prioritize some projects and stop others. project.

At the end of the first quarter, Rivian held $16 billion in cash, and it is preparing to invest $5 billion to build a second factory in the United States, which will be completed by 2025. Rivian claims to have enough cash to build the factory.

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