Sean O'Kane

Tesla is laying off thousands of workers as it tries to simultaneously cut costs and boost productivity, according to CEO Elon Musk.

Tesla management told employees Monday that the recent round of layoffs -- which gutted some departments by 20% and even hit high performers-- were

Tesla has ended discounts on inventory across its entire electric vehicle lineup as part of a plan by CEO Elon Musk to "streamline" sales.

Tesla's proxy is out, which means it's time to check in on all the related party transactions between Musk's various companies.

It's technically the Cybertruck's second recall, but it is the most serious to date, and it caps a tumultuous week for Tesla.

The imperiled EV startup needs money fast, or else it could have to seek protection in bankruptcy court after defaulting on a loan.

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy continued to cut into

Tesla is upending its product lineup to bring multiple cheaper models to market as early as late 2024. But details are scarce.

The cuts come one week after the company warned investors that it needed to slash expenses to stave off a looming bankruptcy.

Hundreds of employees are out, and the company apparently will slow the expansion of its lauded Supercharger network.