Tesla (TSLA) to lay off 10% of its salaried workforce. It will add to its hourly headcount instead, as its expansion has been beyond the requirement.
General Motors' (GM) tech startup BrightDrop delivers the first e-delivery vehicles to FedEx. GM will suspend production of its Hummer EV unit in Michigan for four weeks due to re-modeling work.
Michelin (MGDDY) extends its partnership with Hyundai to produce premium eco-friendly tires for the latter's EVs.