Tesla layoffs are just one of many challenges facing the EV pioneer | TechCrunch Minute

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Tesla’s layoffs and executive departures could spell out financial trouble for the EV manufacturer after a long run of success. After laying off at least 10 percent of its staff, the company is shifting its focus in the face of declining demand of EVs and declining margins after a spree of cost cutting. And this comes after an already tough year for Tesla, as its market cap has dropped 35 percent, the Cybertruck’s release has been met with a muted response, and its rivals in China are picking up market share. TechCrunch’s Alex Wilhelm explores what Tesla’s investors are hopeful for in the future.

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