According to a report by CCTV citing Reuters on April 15, Elon Musk, CEO of Tesla Inc. in the United States, said in a letter to employees that he would lay off 10% of its workforce worldwide, which could affect about 14,000 employees. As of 20:30 Beijing time, Tesla's stock price fell 1.32% in pre-market trading.
Musk said in an internal letter that the company has redundant positions and personnel in some areas, and the company is preparing for the next phase of growth, so it must reduce costs and improve efficiency, and decided to lay off 10% of its workforce globally.
Tesla had more than 140,000 employees worldwide as of December, according to a new filing with regulators, and the layoffs will affect more than 14,000 employees.
This is Tesla's fifth mass layoff since 2017. It is reported that in 2017, the company reduced the number of employees by 2%, and since then, it has reduced the number of employees by 9%, 7% and 3% of the team in 2018, 2019 and 2022, respectively.
Tesla's quarterly deliveries fell for the first time in four years
According to data released by Tesla, Tesla's vehicle deliveries in the first quarter of this year fell by 8.5% year-on-year to about 386,800 units, which was the first decline for Tesla in nearly four years and was also lower than market expectations. Musk has said that Tesla's growth rate in 2024 may be significantly lower than in 2023.
Xinhua News Agency
According to the Associated Press, Tesla's sales were lower than Wall Street analysts' least optimistic estimates. Auto industry analysts had previously predicted that Tesla would deliver 457,000 vehicles in the first quarter. Tesla is scheduled to report quarterly earnings on April 23, and a decline in electric vehicle sales has prompted analysts to cut their earnings forecasts.
Tesla attributed the decline in sales in part to the impact on production of its Model 3 facelift, the closure of factories due to maritime transport due to tensions in the Red Sea, and the power outage at Tesla's German factory last month due to arson damage to a high-voltage transmission tower.
Xinhua News Agency
At the same time, according to the Associated Press, the growth of the electric vehicle market in the United States has slowed. The country's electric vehicle sales rose 47% last year to 1.19 million units, and the electric vehicle market share rose to 7.6%, but the pace of growth slowed towards the end of the year, with sales up 34% year-on-year in December.
Source丨Beijing Daily, CCTV Finance, Xinhua News Agency, etc
Editor丨hoe medicine