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VisitTesla Axes Supercharger, New Vehicle Teams; 500 Jobs Cut
May 1, 2024, 11:20 AM
Tesla, under the leadership of Elon Musk, has initiated a significant reduction in its workforce, particularly targeting its Supercharger and new vehicle teams. The move includes the layoff of senior executives Rebecca Tinucci, head of the Supercharger network, and Daniel Ho, head of new vehicles, along with the dismissal of approximately 500 employees from these teams. This decision aligns with Musk's directive, as stated in an email, to streamline operations and focus on cost reduction amid falling sales and market challenges. The layoffs are part of a broader effort to make Tesla more 'hardcore' about headcount and cost management, as emphasized by Musk in recent communications to staff.
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Markets
Yes • 50%
No • 50%
Official Tesla communications or credible news sources
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No • 50%
Consumer surveys or brand strength indices
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Stock market data from NASDAQ
Decrease in production volume • 33%
No significant change • 33%
Increase in production efficiency • 33%
Tesla’s production reports, financial statements
Focus more on existing vehicle improvements • 33%
Expand into new markets • 33%
Reduce overall production • 33%
Tesla’s official statements, investor reports, or major auto industry analyses
Appointment of external executives • 33%
Major reshuffle in senior management • 33%
Stability with no significant changes • 33%
Tesla’s corporate announcements or credible business news outlets