Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem

Tesla Inc.’s recent decision to cut jobs has increased worries among Wall Street investors about potential demand issues for the electric vehicle manufacturer. The job cuts could indicate that Tesla is struggling to maintain sales momentum, especially for its Model 3 sedan, a more affordable vehicle designed to appeal to a broader market. Potential reasons could be decreasing government incentives, stronger competition, or economic fluctuations. However, Tesla has continually defied odds in the past with its innovative products and ability to execute under pressure. The company’s long-term vision remains focused on transitioning the world to sustainable energy. Elon Musk, the company’s CEO, remains confident despite these concerns.