Tesla rumored to be laying off over 10% of its employees as Elon Musk’s issues escalate
According to reports, Tesla is the latest company to lay off employees, with the email from Elon Musk to Tesla employees stating that the company will be reducing its workforce by over 10% globally. Musk mentioned that although he hates to do it, this move will make the company more agile, innovative, and prepared for future growth.
Tesla did not provide specific numbers on the employees being laid off, but it is estimated to have over 140,000 employees worldwide. The electric car company, facing challenges in 2024, had fewer car deliveries and is expected to sell fewer cars compared to the previous year. This resulted in a 5% drop in Tesla’s stock price.
The Cybertruck, Tesla’s latest vehicle, has faced criticism for being a flawed product, with issues leading to a recall. One major problem identified is with the accelerator pedal’s metal cover, which has a defect causing it to dislodge from the pedal. This poses a serious safety concern for Cybertruck owners, highlighting the importance of addressing these issues promptly.
