Tesla announced yet another round of layoffs today. News came in the typical way, an email starting “Hello Employee”. It seems “Hello Ex-Employee” would be more fitting.
Another 10,000 Employees
Don’t worry, it’s just another 10,000 employees.
Almost Like Vaporware
Clearly this is 4-D chess … in an attempt to hide the vaporware.
Cash Constraints
It think it’s order constraints. Orders are crashing.
Question of the Day: 10% or 20%?
Electrek reports Tesla (TSLA) launches another round of layoffs
Three weeks ago, Tesla started a significant wave of layoffs. The automaker announced it was laying off about 10% of its workforce. However, we reported prior to the announcement that the layoffs could be closer to 20% of the workforce once everything is said and done.
Sure enough, Tesla had another significant wave of layoffs last week.Now, we hear of yet another round of layoffs at Tesla.Several sources familiar with the matter told Electrek that workers across several departments, including software, service, and engineering, have received the dreaded “employment level” email between Friday and Sunday.
The layoffs were expected after CEO Elon Musk made an example of Rebecca Tinucci, Tesla’s former head of charging, and her entire team by firing everyone last week. After the move, he emailed other executives and told them that they would also be let go if they don’t let go higher percentages of their teams.
Balls to the Walls for Autonomous Driving
“Not quite betting the company, but going balls to the wall for autonomy is a blindingly obvious move.”
That’s an admission Tesla will give up on the entry-level market after promising for decades he would make one.
Preparation for Growth
On April 15, I noted Elon Musk Fires 10 Percent of Tesla Workforce, Prepares for “Next Phase of Growth”
Preparing for Growth
…click on the above
