Tesla plans to lay off 10% of workforce after dismal quarterly sales

(15 Apr 2024)

ARCHIVE: Fremont, California – 23 June 2012
1. Wide of red Model S driving up to camera outside Tesla factory
2. Various of new black Model S
3. Close of interior console with cockpit controls
4. Mid of steering wheel and interior
5. Various of robotic machine working on car assembly

Berlin – 13 March 2024
6. STILL image of Tesla CEO Elon Musk waving as he leaves the Tesla Gigafactory

Santa Ana, California – 20 March 2024
7. STILL image of drivers charge their Teslas

Englewood, Colorado – 18 June 2023
8. STILL image of a Model X Tesla is shown on a lot

Charlotte, North Carolina – 27 February 2024
9. STILL image of a Tesla logo on a vehicle with rain drops on it

Berlin – 13 March 2024
10. STILL image of people walking to the Tesla Gigafactory

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.

CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year.

Musk’s memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” The New York Times and CNBC reported. News of the layoffs was first reported by electric vehicle website Electrek.

Also Monday, two key Tesla executives announced on the social media platform X that they are leaving the company. Andrew Baglino, senior vice president of powertrain and energy engineering, wrote that he had made the decision to leave after 18 years with the company.


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