It is reported that Tesla has laid off hundreds of employees in its autonomous driving department at its California factory. This is the largest of Tesla's large-scale layoffs. Grizzly Bear shorted Weilai Auto, saying it exaggerated revenue and profitability through Wuhan Weineng

2024/04/2614:20:33 technology 1121

Tesla laid off hundreds of autonomous driving department employees in the latest layoffs

It is reported that Tesla has laid off hundreds of employees in its autonomous driving department at its California factory. This is the largest of Tesla's large-scale layoffs. Grizzly Bear shorted Weilai Auto, saying it exaggerated revenue and profitability through Wuhan Weineng - DayDayNews

It is reported that Tesla laid off hundreds of autonomous driving department employees at its California factory. This is the largest of Tesla's large-scale layoffs. . Sources said the laid-off employees were notified of the layoffs on Tuesday. The team in this factory office is responsible for evaluating and labeling customer vehicle data related to autonomous vehicle assistance features. The office has about 350 employees, and about 200 workers were laid off, many of whom are data annotation experts.

Earlier this month, Tesla CEO Musk said that layoffs are necessary in an increasingly volatile economic environment. About 10% of salaried employees will lose their jobs in the next three months, but it will not take more than a year. The total number may be higher later.


Grizzly Short selling NIO accused it of exaggerating its revenue and profitability through Wuhan Weineng

It is reported that Tesla has laid off hundreds of employees in its autonomous driving department at its California factory. This is the largest of Tesla's large-scale layoffs. Grizzly Bear shorted Weilai Auto, saying it exaggerated revenue and profitability through Wuhan Weineng - DayDayNews

Short-selling agency Grizzly Research issued a report stating that NIO is likely to use an unconsolidated related party to exaggerate Revenue and Profitability. The report pointed out that this unconsolidated related party, Wuhan Weineng, has generated billions of dollars in revenue for Weilai Automobile. "Wuhan Weineng allows Weilai to immediately recognize the revenue from the batteries they sell, rather than after Revenue is recognized over the subscription period (approximately 7 years). With this arrangement, we believe Nio has increased this number by recognizing revenue for 7 years in advance.”

The Canadian Grizzly Bear Research Institute is a non-profit, independent, third-party Canadian think tank. It was jointly initiated and established by Chinese professors, scholars and Chinese entrepreneurs from famous universities in North America and other countries. Its headquarters is located in beautiful Vancouver . The

Research Institute advocates the concept of "integration of intelligence and action" and has established strategic cooperation with many well-known universities, research institutes and think tanks in Canada and China to carry out research on various topics and is committed to promoting education, economy, culture and science and technology between Canada and China. exchanges, promote the social integration and entrepreneurial guidance of China’s new immigrant communities, and promote the commercial incubation and commercial value creation of scientific and technological achievements of overseas universities.


Moutai ice cream flagship store will open in Xi'an and Nanjing tomorrow

It is reported that Tesla has laid off hundreds of employees in its autonomous driving department at its California factory. This is the largest of Tesla's large-scale layoffs. Grizzly Bear shorted Weilai Auto, saying it exaggerated revenue and profitability through Wuhan Weineng - DayDayNews

Tomorrow, Moutai ice cream No. 003 flagship store and No. 007 flagship store will be launched in Xi'an and Nanjing. The i Moutai app will also simultaneously sell Moutai ice cream to Shaanxi and Jiangsu provinces. On July 9, Moutai Ice Cream No.005 flagship store, No.006 flagship store, No.008 flagship store, No.009 flagship store, and No.010 flagship store will also come to Shenzhen, Hangzhou, Changsha, Guangzhou, and Wuhan. .

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