Tesla lays off 14,000 as stock plummets 31%

“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said in the memo obtained by CNBC.

“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” the memo said.

The memo was first reported by Electrek.

Tesla had 140,473 employees as of December 2023.

Tesla shares have taken a bruising in recent months, falling 31% year to date.


2 thoughts on “Tesla lays off 14,000 as stock plummets 31%”

  1. The only reason Musk bought Twitter to artificially pump Tesla stock. That’s been his scheme from the beginning. Promise a tech revolution, show a prototype, get investors, delay the unveiling, then come up with another project to distract when the previous one fails.

    He repeatedly lied on earning statements and he never got in trouble because despite what everyone thinks he is THE government guy. You can’t be in bed with the Chinese and US governments and call yourself a freedom fighter.

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