A
few
weeks
after
reporting
its
first
year-over-year
decline
in
vehicle
deliveries
since
2020,
Tesla
is
now
planning
to
lay
off
over
ten
percent
of
its
global
workforce,
according
to
an
internal
company-wide
email
seen
by
Electrek. That
works
out
to
at
least
14,000
of
the
140,473
employees
that
Tesla
reported
in
its
latest
annual
earnings.
It’s
not
clear
which
teams
at
Tesla
will
be
impacted.
“There
is
nothing
I
hate
more,
but
it
must
be
done,”
said
Elon
Musk,
in
the
email
published
by
Electrek.
“This
will
enable
us
to
be
lean,
innovative
and
hungry
for
the
next
growth
phase
cycle.”
Today’s
development
is
the
latest
in
a
string
of
bad
news
for
the
EV
maker.
The
company
reported
a
miss
in
delivery
estimates
ahead
of
its
quarterly
earnings
on
April
23rd,
alongside
a
predicted
slowdown
in
sales
growth
back
in
January,
which
it
attributed
to
manufacturing
issues
surrounding
its
next
generation
of
vehicles.
Tesla
has
also
reportedly
abandoned
its
plans
to
produce
an
affordable
Model
2
that
would
cost
around
$25,000
as
it
shifts
to
instead
focus
on
a
new
robotaxi.
This
comes
as
the
company
faces
mounting
pressure
from
the
one-two
punch
of
waning
demand
and
more
affordable
EVs
made
by
Chinese
manufacturers.
Last
year,
Tesla
lost
the
title
of
world’s
top
maker
of
electric
vehicles
to
China’s
BYD
which
produced
3.02
million
EVs,
compared
to
Tesla’s
1.81
million.
Original author: Jess Weatherbed
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