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In other words: Toyota is meeting the market where it is (A Toyota bZ3 EV on display at the April 2024 Beijing Auto Show.
Tesla layoffs More than 1,000 in Fremont, Palo Alto, Lathrop after massive layoffs at Tesla had led to a slide in new. The company pointed to a drop in average sales price to explain in large part why its net income fell 71% in the fourth quarter and 53% for the year. Toyota has become the latest major automaker to ink a deal with Tesla to adopt the NACS plug on its fully electric vehicles from 2025.
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