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Tesla announces a 10% cut in their workforce

Graham Watson

16th April 2024

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Tesla has announced 14,000 redundancies, arguing that it needs to reduce costs to remain competitive in a sector where Chinese companies are increasingly significant players.

You might think about how this would affect the company's costs curves, and the profit-maximising output for the company.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.