Tesla

Tesla laying off more than 10% of workforce. Here's why

NBC Universal, Inc.

Tesla announced Monday itโ€™s cutting more than 10,000 jobs.

The Bay Area automaker said that within the last couple of months, itโ€™s seen fewer than expected deliveries, a falling stock price, and mounting complaints about its new cybertruck.

Business and tech reporter Scott Budman has more on the story in video player above.

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