"Tesla's Layoffs Signal Trouble in the EV Market"

Tesla is facing challenges with aging product lines, stalling sales, quality problems, and executive departures, leading to layoffs of "more than 10%" of its global workforce. The EV market as a whole is experiencing slower growth, with major automakers scaling back EV ambitions and startups facing financial difficulties. EV sales growth is slowing, and there are signs of customer resistance, particularly among mainstream buyers who are less affluent and face challenges with charging infrastructure. Policymakers and automakers, including Tesla, have work to do to meet climate goals and address market challenges.