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Tesla to cut 10% of global workforce

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Tesla to cut 10% of global workforce

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Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as the worldwide EV slowdown and brutal price war hits the American automaker.

“We have . . . made the difficult decision to reduce our headcount by more than 10 per cent globally . . . this will enable us to be lean, innovative and hungry for the next growth phase cycle,” wrote Tesla’s chief executive Elon Musk in an internal memo to employees seen by the Financial Times.

The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs. 

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Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs. Shares in the company, which declined 3 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers. In contrast, Toyota’s stock price has rallied more than 44 per cent in the same period.

The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating up.

Tesla’s share in China’s EV and hybrid market segment fell from 7.7 per cent to 6.6 per cent in the first two months of the year, according to the China Passenger Car Association.

The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier.

In another setback for Musk, two of his top lieutenants have left the company. Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group. Another executive, Rohan Patel, Tesla’s vice-president of public policy, has also departed, the company confirmed.

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On Tesla’s job cuts, Craig Irwin, senior research analyst at Roth MKM, said the news was not a “surprise per se”. “It’s more of a confession that growth isn’t going to come roaring back than anything,” he added.

One source familiar with the situation said it was still unclear how they would fall globally, with more restrictive rules on hiring and firing employees in countries such as Germany where Tesla has a gigafactory near Berlin.

The world’s largest EV maker had just over 140,000 employees, up from 48,000 in 2019, according to its latest SEC filing. The FT last week reported that Tesla was scouting locations in India for a new EV plant in which it would invest $2bn-$3bn.

The company has been through previous rounds of job cuts. In 2022, Musk announced a 10 per cent reduction in salaried workers, citing overstaffing and a “super bad feeling” about the state of the economy.

Tesla’s announcement comes as CATL, the world’s largest EV battery maker, on Monday reported lower-than-expected revenues of Rmb79.8bn ($11bn) for the January-March period. The battery maker’s second consecutive decline in quarterly sales highlighted the impact the EV slowdown was having on key suppliers.

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Electrek, the tech publication, first reported news of the job cuts. Tesla declined to comment. 

Additional reporting by Sylvia Pfeifer in London

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Trump-backed Rep. Julia Letlow wins Louisiana Senate primary runoff

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Trump-backed Rep. Julia Letlow wins Louisiana Senate primary runoff

Rep. Julia Letlow won the Republican primary runoff for Senate in Louisiana, NBC News projects, defeating state Treasurer John Fleming in another victory for President Donald Trump’s slate of preferred candidates.

Trump endorsed Letlow early in the race, which went to a runoff after none of the GOP candidates won a majority of the initial primary vote on May 16. Trump waded into the state in an effort to oust GOP Sen. Bill Cassidy, who voted to convict Trump on impeachment charges following the Jan. 6, 2021, Capitol riot.

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See live runoff results here

Letlow was the top vote-getter in the first-round primary, winning 45%, followed by Fleming at 28%. Cassidy won just 25% and did not qualify for the runoff.

Letlow will be in a strong position to win in November in the solidly Republican state, which Trump carried by 22 points in 2024. Democrat Jamie Davis, a farmer, easily won the Democratic Senate nomination Saturday night.

Letlow has pledged to be a strong supporter of the president’s policies.

“I promise you this: When I get to the United States Senate, I will never back down from fighting for your America First agenda,” Letlow told the president during a telerally with Trump on Thursday night.

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Letlow framed the race as the choice between “a real conservative fighter in the Senate, or whether we are going to send another career politician who does not want to save our country.” She touted her support for eliminating the Senate filibuster to help pass the Save America Act, a Trump-backed measure to overhaul U.S. election laws.

Fleming also tried to make the case that he was the staunchest Trump ally in the race, taking aim at Letlow’s past support for diversity, equity and inclusion policies and foreign aid. Letlow told NBC News earlier this year that she reversed her position on DEI when she “saw it for what it was” and has since been “fighting against it.”

But Trump’s backing helped boost Letlow, who also had help on the airwaves from allied super PAC.

She also touted endorsements from other top Louisiana Republicans, led by Gov. Jeff Landry. House Majority Leader Steve Scalise and Rep. Clay Higgins also backed Letlow.

Letlow is expected to join the Senate after serving nearly three terms in the House, where she also served on the powerful Appropriations Committee. She first came to Congress in 2021 after winning a special election following the death of her late husband. Luke Letlow, a former congressional aide who won a House election in 2020, died of Covid before he was sworn into office.

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As Supreme Court expands Trump’s immigration power, experts warn of steeper U.S. population decline

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As Supreme Court expands Trump’s immigration power, experts warn of steeper U.S. population decline

President Trump holds up a bill funding immigration enforcement after signing it in the Oval Office of the White House, Wednesday, June 10, 2026, in Washington.

Julia Demaree Nikhinson/AP


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Julia Demaree Nikhinson/AP

Even before the Supreme Court ruled Thursday that President Trump has broad power to deport hundreds of thousands of migrants living legally in the U.S. under temporary protected status, David Bier feared the U.S. was slipping toward a demographic cliff.

“We’re destined to be there, in short order, there’s no question,” Bier said. “We’re already seeing a situation where most counties in the United States had more deaths than births.”

An expert on population and immigration at the libertarian Cato Institute, Bier believes the U.S. is beginning to look more like China, Italy and South Korea — nations that face rapid aging and population decline are seen as a crisis.

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U.S. birthrates have been declining for decades. There are far too few children born each year to maintain a stable population.

Until last year, high rates of foreign immigration largely offset that trend. But for the first time since the 1930s, during the Great Depression, the U.S. now faces record low birthrates and low numbers of migrants at the same time.

“Our higher birthrates of a century ago are not coming back. There’s no way to have a sustainable fiscal and economic situation that doesn’t involve immigration,” Bier said.

Trump’s legal fight to end temporary protected status for hundreds of thousands of Haitians, Syrians and others living in the U.S. legally is only one part of a wider administration effort to squeeze immigration.

The Supreme Court also ruled this week that the administration has authority to block most asylum seekers from entering the country. Federal agents have also conducted raids in cities across the U.S., to accelerate deportations.

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Last month, Trump issued an executive order that could make it harder for many migrants living in the U.S. without full legal status to use banking and financial services.

Many immigration opponents see these changes as progress. In a statement following this week’s Supreme Court decisions. A spokesman for the Federation for Immigration Reform said Trump should have full authority to direct who enters the U.S.

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Utah County declares State of Emergency as wildfires ‘ravage’ the state

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Utah County declares State of Emergency as wildfires ‘ravage’ the state

UTAH COUNTY, Utah (ABC4) — Utah County has declared a state of emergency.

According to an announcement from the Utah County Commissioner Skyler Beltran, the county is in a dire position due to the extensive wildfires in the area and high fire risk.

The announcement states that declaring the State of Emergency will allow the county to access additional resources, and notes there is no imminent threat to Utah County residents.

“We have utilized a tremendous amount of our resources (very early in the traditional fire season schedule) responding to the Iron Fire and continue to face ongoing recovery concerns,” the statement read. “This was even before the Maple Peak and Cherry fires, which have now merged and are moving toward the Iron Fire.”

The Iron Fire, which started last week, has burned over 40,000 acres. Around 22,830 of those acres were in Utah County. Reportedly, the county has limited resources available to help those who are evacuating from Juab County, including the 600 residents in the Town of Eureka.

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Due to the influx in evacuees, the Utah County Commission says that more resources are necessary to help the evacuation shelters in Elberta, Utah. Additionally, due to the Iron Fire and other wildfires, Utah County is facing immense repair needs to avoid future flooding, loss of homes, and disruption to local economies and ecosystems.

There is “imminent threat” to public safety due to the damage.

The commission also asks the public to be vigilant when handling heavy equipment, using campfires or barbecues, and discharging fireworks, to avoid preventing fires.

Their statement added, “Our firefighters are exhausted, our resources are stretched thin and we are in a very vulnerable position.”

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