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  • Updated: April 15, 2024

Tesla lays off more than 10% of its workforce - Report

Tesla lays off more than 10% of its workforce - Report

American multinational automotive and clean energy company, Tesla has reportedly disengaged more than 10% of its workforce as the company prepares for ‘the next phase growth cycle’.

At least 14,000 workers are anticipated to be affected by the worldwide layoffs, which occur just weeks after the company revealed its first annual drop in car deliveries since 2020.

A company-wide internal email obtained by Electrek disclosed the news, stating that 14,000 of the 140,473 workers that Tesla disclosed in its most recent annual report will be impacted by the layoffs.

“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.”

This comes after reports surfaced that Tesla had shelved plans to build a low-priced Model 2, estimated to cost about $25,000. Instead, the company decided to concentrate on developing a new robotaxi.

In a related move, Tesla has announced that it will no longer be charging a subscription fee for its Full Self-Driving (FSD) driver-assist software, citing ongoing financial difficulties at the company.The price was cut by the corporation from $199, where it was at least in 2021, to $99 per month.

In a post on X, Tesla revealed the price change and referred to the Level 2 DAS as "FSD (Supervised)"—a nomenclature change intended to emphasize that drivers must be alert to traffic and be prepared to take over control of the vehicle.

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