Elon Musk’s Tesla Copycat is Facing Tough Times with More Layoffs and Executives Leaving
Just two weeks after Elon Musk announced Tesla’s workforce reduction plan, the company is already taking further steps to lay off hundreds of additional employees, including key executives and the Supercharger team. Musk sent an email to top Tesla executives, emphasizing the need to be “absolutely ruthless” in the reduction process. He specified that any executive unable to justify retaining more than three employees should resign. Among those leaving Tesla are executives Rebecca Tinucci and Daniel Ho, who have been with the company for several years.
The unexpected layoffs have caused Tesla’s stock to drop more than 2% in premarket trading. This move comes after the company’s earlier announcement of significant workforce cuts. Other high-profile executives, including Drew Baglino, Rohan Patel, and Martin Viecha, have also resigned or are planning to do so in the near future. The restructuring at Tesla is aimed at achieving specific targets set by Musk for the company’s future growth and success.
