![Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall](https://i0.wp.com/static.independent.co.uk/2024/04/22/01/Tesla_Full_Self_Driving_System_Cuts_99995.jpg?fit=%2C&ssl=1)
![Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall](https://i0.wp.com/static.independent.co.uk/2024/04/22/01/Tesla_Full_Self_Driving_System_Cuts_99995.jpg?w=1220&ssl=1)
Tesla has announced a 55 per cent year-on-year fall in profits in the first quarter, down to $1.1bn.
The news comes against a background of 14,000 staff being laid off earlier this month, as well as issues over deliveries and the recall of 4,000 Cybertruck vehicles.
More follows …
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