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U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

E

U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

E

U.S.-CALIFORNIA-SAN MATEO-TESLA-LAYOFFS

(240416) -- SAN FRANCISCO, April 16, 2024 (Xinhua) -- This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla is laying off "more than 10 percent" of its global headcount to cut costs and boost productivity, according to an internal email sent to staff by CEO Elon Musk, Electrek and Bloomberg News reported on Monday. The layoffs that could impact more than 14,000 people come two weeks after the electric automaker reported its first year-over-year drop in sales in three years. The company has also warned that sales growth could be "notably lower" in 2024 than its stated goal of 50 percent growth each year. (Photo by Li Jianguo/Xinhua)

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HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

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HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

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HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

E

HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

E

HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

E

HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

E

HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.

E

HiPhi Auto Closure

HANGZHOU, CHINA - FEBRUARY 22, 2024 - Photo taken on Feb 22, 2024 shows the logo of HiPhi Auto in Hangzhou, East China's Zhejiang province. Recently, HiPhi Auto shut down production for 6 months, HiPhi Auto is currently facing supplier debt collection, capital chain break, large-scale withdrawal of stores, staff pay cuts and layoffs and other problems, the brand that once positioned high-end luxury cars or will face closure.